COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.65 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to FFO of $0.62 per share a year ago.
COPT Defense Properties (NYSE:CDP ) Q3 2024 Earnings Conference Call October 29, 2024 12:00 PM ET Company Participants Venkat Kommineni - VP, IR Steve Budorick - President and CEO Britt Snider - EVP and COO Anthony Mifsud - EVP and CFO Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Michael Griffin - Citi Tom Catherwood - BTIG Richard Anderson - Wedbush Securities Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Operator Welcome to the COPT Defense Properties Third Quarter 2024 Results Conference Call. As a reminder, today's call is being recorded.
While the top- and bottom-line numbers for COPT Defense (CDP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to FFO of $0.60 per share a year ago.
Here is how COPT Defense (CDP) and Goldman Sachs (GS) have performed compared to their sector so far this year.
Besides Wall Street's top -and-bottom-line estimates for COPT Defense (CDP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
COPT Defense Properties offers stable cash flow and growth potential due to its focus on specialized Defense/IT properties leased to U.S. government agencies and contractors. CDP has shown strong operating performance with robust same-property NOI growth and has robust guidance, supported by a well-occupied portfolio and solid balance sheet. Despite significant stock appreciation, CDP still offers value at a forward P/FFO of 12.6, with further upside potential from high tenant demand and development projects.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does COPT Defense (CDP) have what it takes?
Here is how COPT Defense (CDP) and Hamilton Insurance (HG) have performed compared to their sector so far this year.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does COPT Defense (CDP) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does COPT Defense (CDP) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does COPT Defense (CDP) have what it takes?