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?
COPT Defense (CDP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
COPT Defense Properties (NYSE:CDP ) Q2 2024 Earnings Conference Call July 30, 2024 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President & Chief Executive Officer Anthony Mifsud - Executive Vice President & Chief Financial Officer Conference Call Participants Richard Anderson - Wedbush Securities Blaine Heck - Wells Fargo Michael Griffin - Citi Steve Sakwa - Evercore ISI Camille Bonnel - Bank of America Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Operator Welcome to the COPT Defense Properties Second 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 June 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 $0.64 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.60 per share a year ago.
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?
COPT Defense Properties is a resilient office REIT with a focus on defense and IT tenants, leading to stable cash flows and high retention rates. The company benefits from long-term growth in defense spending, with a track record of meeting or exceeding guidance and a strong development pipeline. COPT trades at a premium to peers due to its high-quality tenants, steady growth, and lower leverage, making it a 'buy' for investors seeking reliable dividends.
COPT Defense (CDP) possesses solid growth attributes, which could help it handily outperform the market.
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?
COPT Defense (CDP) possesses solid growth attributes, which could help it handily outperform the market.