COPT DEFENSE PROPERTIES
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $763.9M | $753.3M | $685.0M | $739.0M | $664.4M |
| Cost of revenue | — | — | — | — | $104.1M |
| Selling, general & administrative | $47.8M | $47.0M | $42.8M | $39.0M | $40.8M |
| Interest expense | $86.7M | $82.2M | $71.1M | $61.2M | $65.4M |
| Pretax income | $157.7M | $143.8M | -$73.5M | $148.0M | $77.3M |
| Income tax expense | $947,000 | $288,000 | $588,000 | $447,000 | $145,000 |
| Net income | $159.5M | $143.9M | -$74.3M | $178.8M | $81.6M |
| Balance Sheet | |||||
| Cash and equivalents | $275.0M | $38.3M | $167.8M | $12.3M | $13.3M |
| Total assets | $4.7B | $4.3B | $4.2B | $4.3B | $4.3B |
| Total liabilities | $3.1B | $2.7B | $2.7B | $2.5B | $2.6B |
| Total debt | $2.8B | $2.4B | $2.4B | $2.3B | $2.3B |
| Stockholders' equity | $1.5B | $1.5B | $1.5B | $1.7B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | $309.9M | $331.0M | $276.3M | $265.8M | $249.1M |
| Depreciation and amortization | $163.7M | $156.0M | $151.4M | $143.6M | $150.6M |
| Stock-based compensation | $11.7M | $10.4M | $8.5M | $8.8M | $8.0M |
| Dividends paid | $136.6M | $131.8M | $127.2M | $123.6M | $123.5M |
| Share repurchases | $1.3M | $1.3M | $1.3M | $1.2M | $2.5M |
| Impairments | $0 | $0 | $252.8M | $0 | $0 |
Shares outstanding 113.4M · Free float 86.8%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.