COPT Defense Properties
S&P 500CDP/Real Estate · REIT - Office/NYSE
Dividend Yield
3.67%
$1.24 · Annual Dividend
Dividend Safety Rating
CDP's dividend appears safe and well-supported. Strengths include a 44.8% ffo payout ratio & 43.3% fcf payout ratio. Areas of concern: 2.9x interest coverage & 54.0% net debt / total assets. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- FFO Payout Ratio: 44.8%Dividends are well covered by funds from operations (FFO).
- Operating Margin: 29.6%Healthy operating margin provides a wide buffer.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
Risks
- Interest Coverage: 2.9xInterest coverage is thin relative to debt servicing.
- Net Debt / Total Assets: 54.0%Net debt is high relative to total assets.
- Profit Margin Stability: VolatileProfit margins have been volatile.
Payout & Coverage
SafeBalance Sheet
CautionProfitability
SafeDividend Track Record
SafeAbout COPT Defense Properties
COPT Defense Properties is a real estate investment trust (REIT) that specializes in owning, operating, and developing mission-critical office buildings and data centers, primarily serving the U.S. government and major defense contractors. Headquartered in Columbia, Maryland, the company’s portfolio consists mainly of properties located in proximity to key U.S. defense installations in the suburbs of the Washington, D.C. metropolitan area. As of December 31, 2024, COPT Defense Properties owned 164 office buildings totaling 16.5 million square feet and 31 single-tenant data centers encompassing 5.9 million square feet. The firm’s tenants are heavily weighted toward entities engaged in national security, including government agencies such as the General Services Administration and major industry names like Amazon, General Dynamics, and Northrop Grumman. COPT Defense Properties plays a critical role in supporting defense, cybersecurity, and secure data operations, making it a significant infrastructure partner for sectors with heightened security and operational requirements within the U.S. defense ecosystem.
Dividend Overview
Dividend Yield
3.67%
Annual Dividend
$1.24
Frequency
Quarterly
Payout Ratio
90.15%
FCF Payout Ratio
43.25%
52-Week Range
$26.91 - $35.22
Dividend History (2016–2025)
CDP annual dividend per share and yield history
Earnings & Profitability
CDP earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
3.51%
5-Year Dividend CAGR
2.09%
10-Year Dividend CAGR
1.04%
3-Year Total Growth
10.91%
5-Year Total Growth
10.91%
10-Year Total Growth
10.91%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.