COPT Defense Properties (CDP) remains a solid 'Buy' for value and income investors, supported by mission-critical Defense/IT assets and robust tenant retention. CDP delivered 24 consecutive quarters of YoY FFO/share growth, with Q2 2026 FFO/share up 4.4% and same-property cash NOI rising 7.4%. Redstone Gateway development is a primary growth engine, nearly fully leased, and benefits from long-term U.S. defense spending tailwinds.
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 NYSE: CDP reported second-quarter funds from operations of $0.71 per share, exceeding the midpoint of its guidance by $0.02 and rising 4.4% from a year earlier, as the defense-focused office landlord cited leasing momentum, strong tenant retention and expanding demand tied to federal defense priorities.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 835 | $23,976.04 | $31,153.85 | $7,177.81 | 29.94% |
Chris Davis Davis Selected Advisers | 292,700 | $8.31M | $10.67M | $2.36M | 28.38% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 712 | $21,432.63 | $26,443.68 | $5,011.05 | 23.38% |
| BG Bart Gancher Intech Investment Management LLC | 23,163 | $693,456.93 | $860,505.45 | $167,048.52 | 24.09% |
| JM John Malone Amundi | 149,272 | $4.15M | $5.44M | $1.29M | 31.02% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BH Blaine Heck Wells Fargo | 333.95 | $10,566.28 | $12,770.37 | $2,204.09 | 20.86% |
| Office REITs Industry | Real Estate Sector | Stephen E. Budorick CEO | NYSE Exchange | 22002T108 CUSIP |
| US Country | 430 Employees | 30 Sep 2026 Last Dividend | - Last Split | - IPO Date |
COPT Defense is an esteemed S&P MidCap 400 Company, structured as a self-managed Real Estate Investment Trust (REIT) with a strategic focus on the acquisition, management, and development of properties situated near or containing essential U.S. Government defense installations and missions. This specialization forms the core of its Defense/IT Portfolio. Catering primarily to the U.S. Government (USG) and its defense contractors engaged in national security activities, COPT Defense emphasizes the importance of mission-critical and highly secure property enhancements to meet the specialized needs of its tenants. As of December 31, 2023, the company's impressive portfolio includes 190 properties, of which 24 are owned via unconsolidated joint ventures, covering a total of 21.7 million square feet. This portfolio boasts a 97.2% occupancy rate, underlining the high demand and strategic importance of the company's real estate assets.
COPT Defense's portfolio is built around providing strategic real estate solutions through two primary offerings:
The company specializes in owning, operating, and developing properties that are strategically located near or contain key U.S. Government defense installations and missions. This proximity is crucial for tenants involved in national security activities, requiring immediate access to their operations and the security that comes with being close to critical defense infrastructures.
To cater to the unique needs of its tenants, COPT Defense invests in specialized property enhancements that ensure the highest levels of security and functionality. These enhancements are designed to support the mission-critical operations of its tenants, who are primarily engaged in priority national security activities. The company's ability to provide such specialized enhancements positions it as a preferred partner for the USG and defense contractors requiring advanced, secure real estate solutions.