📊 CDP Key Takeaways
Investment Thesis
COPT Defense Properties demonstrates strong fundamental operational performance with robust profitability margins (19.9% net margin) and exceptional free cash flow generation ($309.9M, 40.6% FCF margin). However, the extraordinary 1715.7% revenue growth is anomalous and requires investigation into one-time events or accounting adjustments, while elevated leverage (1.83x D/E) and modest ROA (3.2%) temper growth quality concerns.
CDP Strengths
- Exceptional free cash flow generation at $309.9M with 40.6% FCF margin provides strong capital deployment capacity
- High net profit margin of 19.9% demonstrates operational efficiency and pricing power in defense real estate
- Solid interest coverage ratio of 5.4x indicates manageable debt servicing ability despite elevated leverage
- Positive EPS growth of 8.9% YoY suggests underlying operational improvements
CDP Risks
- Extraordinary 1715.7% revenue growth is unsustainable and suggests one-time gains or acquisitions; organic growth clarity is lacking
- Elevated debt-to-equity ratio of 1.83x combined with $2.8B long-term debt represents significant financial leverage risk
- Low return on assets (3.2%) and modest ROE (10.0%) indicate capital is not being deployed with optimal efficiency
- Net income declined 4.9% YoY despite massive revenue growth, signaling margin compression or integration challenges
Key Metrics to Watch
- Organic revenue growth rate and contribution from acquisitions to validate sustainability of growth
- Debt-to-equity ratio trajectory and refinancing ability as interest rates impact REIT financing costs
- Free cash flow stability and capital allocation decisions between dividends and debt reduction
CDP Financial Metrics
💡 AI Analyst Insight
The 40.6% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
CDP Profitability Ratios
CDP vs Default Sector
How COPT DEFENSE PROPERTIES compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CDP Balance Sheet & Liquidity
CDP 5-Year Financial Trend
5-Year Trend Summary: COPT DEFENSE PROPERTIES's revenue has declined by 34% over the 5-year period, indicating business contraction. The most recent EPS of $-0.67 indicates the company is currently unprofitable.
CDP Growth Metrics (YoY)
CDP Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $8.5M | $37.4M | $0.32 |
| Q2 2025 | $12.5M | $36.4M | $0.31 |
| Q1 2025 | $10.3M | $33.7M | $0.29 |
| Q3 2024 | $11.9M | $37.4M | $0.32 |
| Q2 2024 | $14.2M | $31.6M | $0.27 |
| Q1 2024 | $15.8M | $33.7M | $0.29 |
| Q3 2023 | $11.9M | $32.3M | $0.27 |
| Q2 2023 | $14.2M | $31.6M | $0.27 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CDP Capital Allocation
CDP SEC Filings
Access official SEC EDGAR filings for COPT DEFENSE PROPERTIES (CIK: 0000860546)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 4, 2026 | 4 | xslF345X05/form4-03042026_070328.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_100335.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_100305.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_100324.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_090317.xml | View → |
❓ Frequently Asked Questions about CDP
What is the AI rating for CDP?
COPT DEFENSE PROPERTIES (CDP) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CDP's key strengths?
Exceptional free cash flow generation at $309.9M with 40.6% FCF margin provides strong capital deployment capacity. High net profit margin of 19.9% demonstrates operational efficiency and pricing power in defense real estate.
What are the risks of investing in CDP?
Extraordinary 1715.7% revenue growth is unsustainable and suggests one-time gains or acquisitions; organic growth clarity is lacking. Elevated debt-to-equity ratio of 1.83x combined with $2.8B long-term debt represents significant financial leverage risk.
What is CDP's revenue and growth?
COPT DEFENSE PROPERTIES reported revenue of $763.9M.
Does CDP pay dividends?
COPT DEFENSE PROPERTIES pays dividends, with $136.6M distributed to shareholders in the trailing twelve months.
Where can I find CDP SEC filings?
Official SEC filings for COPT DEFENSE PROPERTIES (CIK: 0000860546) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CDP's EPS?
COPT DEFENSE PROPERTIES has a diluted EPS of $1.34.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.