# Copt Defense Properties: overview

CDP · NYSE · CIK 860546 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cdp.md) · [Financials](/companies/cdp/financials.md) · [Filings](/companies/cdp/filings.md) · [Insiders](/companies/cdp/insiders.md)

Latest reported revenue: [$6.8m](/filings/0000860546-26-000040.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 3, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000860546-26-000040).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [16.7](/filings/0000860546-25-000048.md) | [12.0 d](/filings/0000860546-26-000011.md) | [10.3](/filings/0000860546-26-000029.md) | [12.5](/filings/0000860546-26-000040.md) | [8.5](/filings/0000860546-25-000048.md) | [10.9 d](/filings/0000860546-26-000011.md) | [6.0](/filings/0000860546-26-000029.md) | [6.8](/filings/0000860546-26-000040.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [224.4%](/filings/0000860546-25-000048.md) | [303.2% d](/filings/0000860546-26-000011.md) | [353.1%](/filings/0000860546-26-000029.md) | [322.4%](/filings/0000860546-26-000040.md) | [515.5%](/filings/0000860546-25-000048.md) | [362.4% d](/filings/0000860546-26-000011.md) | [664.4%](/filings/0000860546-26-000029.md) | [717.7%](/filings/0000860546-26-000040.md) |
| Diluted EPS | $ per share | [0.32](/filings/0000860546-25-000048.md) | not reported | [0.31](/filings/0000860546-26-000029.md) | [0.34](/filings/0000860546-26-000040.md) | [0.37](/filings/0000860546-25-000048.md) | not reported | [0.34](/filings/0000860546-26-000029.md) | [0.40](/filings/0000860546-26-000040.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [108](/filings/0000860546-24-000013.md) | [155](/filings/0000860546-25-000008.md) | [60.2](/filings/0000860546-26-000011.md) | [75.6](/filings/0000860546-26-000011.md) | [42.1](/filings/0000860546-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [75.6%](/filings/0000860546-24-000013.md) | [115.6%](/filings/0000860546-25-000008.md) | [(123.5%)](/filings/0000860546-26-000011.md) | [190.5%](/filings/0000860546-26-000011.md) | [379.2%](/filings/0000860546-26-000011.md) |
| Diluted EPS | $ per share | [0.68](/filings/0000860546-24-000013.md) | [1.53](/filings/0000860546-25-000008.md) | [(0.67)](/filings/0000860546-26-000011.md) | [1.23](/filings/0000860546-26-000011.md) | [1.34](/filings/0000860546-26-000011.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cdp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $724.7m | 19,915,482 |  | Reduced −1,385,296 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $439.5m | 12,076,995 |  | Added +217,928 |
| [ALLIANCEBERNSTEIN L.P.](/funds/1109448.md) | 2026-06-30 | $271.7m | 8,880,283 |  | Added +41,315 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $252.1m | 6,871,138 |  | Added +34,561 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $223.0m | 6,080,134 |  | Added +1,223,994 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $185.4m | 5,095,897 |  | Added +42,012 |
| [EARNEST PARTNERS LLC](/funds/1102578.md) | 2026-06-30 | $160.9m | 4,420,946 |  | Reduced −102,795 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $126.1m | 3,465,042 |  | Added +198,766 |
| [Channing Capital Management, LLC](/funds/1302404.md) | 2026-06-30 | $105.2m | 2,891,994 |  | Reduced −89,166 |
| [WESTWOOD HOLDINGS GROUP INC](/funds/1165002.md) | 2026-06-30 | $103.4m | 2,840,694 |  | Reduced −405,052 |

## Recent filings

[All 1,285 filings](/companies/cdp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-03 | 15:08 ET | [10-Q](/filings/0000860546-26-000040.md) | Quarterly report, period 2026-06-30 | 0000860546-26-000040 |
| 2026-07-27 | 16:22 ET | [8-K](/filings/0000860546-26-000034.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000860546-26-000034 |
| 2026-05-20 | 16:00 ET | [8-K](/filings/0000860546-26-000031.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0000860546-26-000031 |
| 2026-05-06 | 16:15 ET | [10-Q](/filings/0000860546-26-000029.md) | Quarterly report, period 2026-03-31 | 0000860546-26-000029 |
| 2026-04-27 | 16:22 ET | [8-K](/filings/0000860546-26-000024.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000860546-26-000024 |
| 2026-03-30 | 17:32 ET | [DEF 14A](/filings/0000860546-26-000017.md) | Proxy statement, period 2026-05-14 | 0000860546-26-000017 |
| 2026-02-20 | 16:57 ET | [10-K](/filings/0000860546-26-000011.md) | Annual report, period 2025-12-31 | 0000860546-26-000011 |
| 2026-02-05 | 16:24 ET | [8-K](/filings/0000860546-26-000007.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000860546-26-000007 |
| 2026-02-04 | 16:21 ET | [8-K](/filings/0000860546-26-000003.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000860546-26-000003 |
| 2025-11-04 | 15:38 ET | [10-Q](/filings/0000860546-25-000048.md) | Quarterly report, period 2025-09-30 | 0000860546-25-000048 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000860546-26-000011.md), filed Feb 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/9a32c5f1-0bad-4138-9eb8-196ce5a9771a)

## About the filer

- CIK: 860546
- Tickers: CDP
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 16:26 ET. No prices; not investment advice.