MARKETS / NYSE / CDP
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Copt Defense Properties CDP

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$42.1M
▼ 44.3% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$1.34
Dividend / sh · FY25
$1.22
Payout · FY25
86%
ROE · FY25
10.6%
Net margin · FY25
379.2%
Dividend coverage
1.1×
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Result
USD 42.1M
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.20.40.60.80.00.22008201120142017202020232025
0.20.40.60.80.00.22016201920222025

379 cents of every revenue dollar became profit this year.

Per share
USD 1.34
Diluted EPS, FY2025
EPS Dividend
0.81.62.41.221.342008201120142017202020232025
0.81.62.41.221.342016201920222025

Earnings covered the dividend 1.1 times — the rest stayed in the company.

Profitability
10.6%
Return on equity, FY2025
ROE
48121610.6%2008201120142017202020232025
48121610.6%2016201920222025
Operating margin
Net margin379.2%
Return on assets3.6%

Each USD of equity produced 11 cents of profit this year.

Returned to shareholders
USD 136.6M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 136.6M
Net buybacks
Share of profit85.6%
Consecutive raises3 years

USD 136.6M in dividends — 86% of the year's profit went back to shareholders.

Growth
−9.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−35.2%
−9.8%
−23.7%
−15.1%
Net income
−3.7%
+9.2%
−1.1%
+9.2%
EPS, diluted
−4.3%
+9.0%
−2.6%
+7.9%
Dividend / share
+3.5%
+2.1%
+1.0%
−1.8%
Returned to shareholders
+3.4%
+2.1%
+2.8%
+2.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.11B
Shares outstanding, FY2025
0.050.112008201120142017202020232025
0.100.112016201920222025
Change, 5 years+0.9%
Change, 10 years+14.9%

The share count grew 1% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 4.7B
total assets, end of FY2025
Total assetsUSD 4.7B
EquityUSD 1.5B
CashUSD 275.0M
Gross debtUSD 2.8B
Net debtUSD 2.5B

Net debt stands at 165% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
0.0
0.1
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.0
0.6
0.6
0.5
0.5
0.5
0.5
0.7
0.6
Operating income $B
·
·
·
·
·
·
·
·
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.1
0.1
0.1
EBITDA $B
·
·
·
·
·
·
·
·
0.3
0.2
0.3
0.3
0.3
0.2
0.2
·
·
·
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
Net income $B
0.2
0.1
−0.1
0.2
0.1
0.1
0.2
0.1
0.1
0.0
0.2
0.0
0.1
0.0
−0.1
0.0
0.1
0.1
EPS, diluted $
1.34
1.23
−0.67
1.53
0.68
0.87
1.71
0.69
0.56
0.15
1.74
0.25
0.83
−0.03
−1.97
0.43
0.70
0.76
Dividend / sh $
1.22
1.18
1.14
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.65
1.61
1.53
·
Payout %
86
92
−171
69
151
120
61
158
159
360
58
239
100
425
−96
219
·
·
ROE %
10.6
9.7
−4.7
10.8
5.0
6.2
12.3
4.8
4.7
1.9
11.9
2.8
6.7
1.7
−10.1
3.8
5.5
·
Shares out B
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.10
0.10
0.10
0.09
0.09
0.08
0.07
0.07
0.06
0.05

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
32 of 34
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 2 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed