COPT DEFENSE PROPERTIES
Ticker(s):
CDP
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Business Overview
COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company’s tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of September 30, 2024, the Company’s Defense/IT Portfolio of 194 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.2 million square feet and was 96.5% leased.
Contact & Other Information
Number of Employees:
427
Website:
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COPT Defense Properties’ 2024 10-K filing reveals a REIT specializing in properties leased to the U.S. government and its defense contractors, demonstrating a strong focus on its Defense/IT portfolio. The company’s financial health appears stable, with high occupancy rates and strategic acquisitions.