Stocks · Real Estate · REIT - Office
COPT Defense Properties CDP
$33.57 +0.90% Close, Oct 2, 2026 · NYSE · Market cap $3.81B
High qualityStrong trendLow risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 6.2× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 187 trading days, with the 50-day average above the 200-day.
- Revenue over the last four quarters was $784.2M, up 4.5% from a year earlier.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 44%
- EPS growth (TTM, YoY)Top 47%
- FCF growth (TTM, YoY)Bottom 43%
- Revenue growth, 3-year CAGRBottom 24%
- Revenue growth accelerationTop 43%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 37%
- Gross marginBottom 40%
- Operating marginTop 39%
- Cash conversion (OCF / net income)Top 29%
- Accruals (lower is better)Top 15%
- Net debt / EBITDA (lower is better)Bottom 45%
- Interest coverTop 24%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 37%
- Free-cash-flow yieldTop 37%
- EBITDA / enterprise valueTop 46%
- Sales / enterprise valueTop 43%
- P/E vs own 5-year history (lower is better)Bottom 19%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 17%
- 6-month returnTop 26%
- 1-year return vs S&P 500Top 16%
- Distance from 52-week highTop 19%
- Trend checklist (0–4)Top 19%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 43%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyTop 29%
- Upside to consensus price targetBottom 43%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 6%
- Maximum drawdown, 3 yearsTop 19%
- Beta vs S&P 500 (lower is better)Top 18%
- Net debt / EBITDA (lower is better)Bottom 45%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.9% | 4.5% | ↑ |
| EPS growth (YoY) | 10.4% | 13.3% | ↑ |
| Gross margin | 36.0% | 37.6% | ↑ |
| Operating margin | 29.7% | 30.3% | ↑ |
| FCF margin | 38.5% | 33.5% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 4.5% | 3.9% | ↑ | Bottom 44% |
| EPS growth (TTM, YoY) | 13.3% | 10.4% | ↑ | Top 47% |
| Gross margin | 37.6% | 36.0% | ↑ | Bottom 40% |
| Operating margin | 30.3% | 29.7% | ↑ | Top 39% |
| Net margin | 20.9% | 19.2% | ↑ | — |
| Free-cash-flow margin | 33.5% | 38.5% | ↓ | — |
| Return on invested capital | 5.2% | — | Top 37% | |
| Revenue growth, 3-year CAGR | 1.1% | — | Bottom 24% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.80×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +0.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.22×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.58%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 4.58%
- Share count change, 1 year
- +0.4%
- Share count change, 3-year CAGR
- +0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 3, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +7.8%
- Average 2-day reaction, last 8
- +0.9%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $40.33
- Target vs current price
- +20.1%
- Analysts with a rating
- 21
- Share rating Buy or Strong Buy
- 62%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 27, 2026 | +21.6% | +0.6% | -0.2% | -2.0% | — |
| Apr 27, 2026 | +2.8% | +0.7% | -3.4% | +0.1% | +16.3% |
| Feb 5, 2026 | +0.0% | +2.9% | +4.1% | +4.1% | -0.3% |
| Oct 30, 2025 | +6.8% | -0.6% | +4.7% | +11.5% | +10.4% |
| Jul 28, 2025 | +1.1% | -0.3% | -2.7% | +3.2% | +1.1% |
| Apr 28, 2025 | -52.3% | +1.3% | +0.8% | +2.2% | +6.5% |
| Feb 6, 2025 | -3.1% | +1.8% | -3.7% | -8.6% | -9.0% |
| Oct 28, 2024 | +1.8% | +0.8% | -1.1% | -1.4% | -7.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 27, 2026 | $0.40 | $0.33 | +21.6% | $188.8M |
| Apr 27, 2026 | $0.34 | $0.33 | +2.8% | $193.0M |
| Feb 5, 2026 | $0.33 | $0.33 | +0.0% | $185.0M |
| Oct 30, 2025 | $0.37 | $0.35 | +6.8% | $178.3M |
| Jul 28, 2025 | $0.34 | $0.34 | +1.1% | $175.6M |
| Apr 28, 2025 | $0.31 | $0.65 | -52.3% | $175.3M |
| Feb 6, 2025 | $0.31 | $0.32 | -3.1% | $169.8M |
| Oct 28, 2024 | $0.32 | $0.31 | +1.8% | $170.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 23.2× | 21.8× | 71th | Top 37% |
| P/E (forward) | 23.2× | — | — | — |
| EV / EBITDA | 15.2× | — | — | Top 46% |
| EV / Sales | 8.23× | — | — | Top 43% |
| Free-cash-flow yield | 6.90% | — | — | Top 37% |
| Earnings yield | 4.32% | — | — | Top 37% |
P/E over the past five years
Range 13.9× – 41.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +14.9%
- Earnings per share growth (TTM)
- +13.3%
- Change in P/E multiple
- +21.5%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 187
- 50-day average slope (20 days)
- -2.7%
- 200-day average slope (20 days)
- +1.4%
- Distance from 50-day average
- -6.8%
- Distance from 200-day average
- +1.4%
- RSI (14)
- 35.0
- Relative volume
- 0.85×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 15.0%
- Volatility vs own 5-year history
- 2th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.28
- Correlation with S&P 500
- 0.20
- Current drawdown from 1-year high
- -12.5%
- Maximum drawdown, 3 years
- -25.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 10, 2021 | Apr 26, 2023 | -27.6% | 472 days | 351 days (Sep 18, 2024) |
| Dec 9, 2024 | Apr 8, 2025 | -25.2% | 81 days | 293 days (Jun 9, 2026) |
| Oct 9, 2020 | Oct 28, 2020 | -15.0% | 13 days | 13 days (Nov 16, 2020) |
| Jul 30, 2026 | Oct 1, 2026 | -13.3% | 44 days | Not yet recovered |
| Nov 24, 2020 | Jan 7, 2021 | -10.7% | 29 days | 45 days (Mar 15, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.81B
- P/E (TTM)
- 23.2
- EPS, diluted (TTM)
- $1.45
- Revenue (TTM)
- $784.2M
- Dividend yield
- 3.77%
- 52-week range
- $27.06 – $38.90
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $664.4M | $739.0M | $685.0M | $753.3M | $763.9M |
| Gross profit | $209.5M | $220.4M | $231.2M | $260.4M | $117.8M |
| Operating income | $168.7M | $181.4M | $188.5M | $213.3M | $230.4M |
| Net income | $76.5M | $173.0M | -$73.5M | $138.9M | $152.3M |
| EPS (diluted) | $0.68 | $1.53 | -$0.65 | $1.23 | $1.34 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $189.2M | $183.4M | $187.9M | $189.9M | $188.8M | $197.4M | $200.6M | $197.4M |
| Net income | $36.1M | $35.1M | $34.7M | $38.3M | $41.7M | $37.5M | $38.6M | $46.3M |
| EPS (diluted) | $0.32 | $0.31 | $0.31 | $0.34 | $0.37 | $0.33 | $0.34 | $0.41 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $249.1M | $265.8M | $276.3M | $331.0M | $334.9M |
| Capital expenditure | -$30.0M | -$36.4M | -$20.5M | -$31.3M | -$81.3M |
| Free cash flow | $219.1M | $229.4M | $255.8M | $299.6M | $253.7M |
| Dividends paid | -$123.5M | -$123.6M | -$127.2M | -$1,180 | -$136.6M |
| Net share buybacks | $0 | $0 | $0 | $0 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $24.2M
- Total assets
- $4.52B
- Total liabilities
- $2.91B
- Total debt
- $2.67B
- Net debt
- $2.65B
- Shareholders’ equity
- $1.53B
As of Jun 30, 2026 (filed Aug 3, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.32 | Oct 15, 2026 |
| Jun 30, 2026 | $0.32 | Jul 15, 2026 |
| Mar 31, 2026 | $0.32 | Apr 15, 2026 |
| Dec 31, 2025 | $0.31 | Jan 15, 2026 |
| Sep 30, 2025 | $0.31 | Oct 16, 2025 |
| Jun 30, 2025 | $0.31 | Jul 16, 2025 |
| Mar 31, 2025 | $0.31 | Apr 16, 2025 |
| Dec 31, 2024 | $0.30 | Jan 15, 2025 |
Short interest
- Shares sold short
- 7,438,100
- Days to cover
- 8.05
- Change vs previous report
- +6.1%
FINRA short interest, settlement date Sep 15, 2026.