Bullish indicating open at $55-$60, IPO prices at $37
COLUMBIA, Md. - COPT Defense Properties (NYSE: CDP), a real estate investment trust (REIT) specializing in properties for U.S. Government defense installations, announced a regular quarterly dividend of $0.305 per share for Q2 2025. The dividend, which annualizes to $1.22 per share representing a 4.44% yield, will be paid on July 16 to shareholders of record as of June 30. According to InvestingPro data, CDP has maintained dividend payments for 34 consecutive years, demonstrating remarkable consistency in shareholder returns.
The company also released its eleventh annual Corporate Sustainability Report and its fourth annual Task Force on Climate-Related Financial Disclosures (TCFD) Report. Both documents are accessible on the company’s Investor Relations website, under the ’Sustainability’ section.
COPT Defense, part of the S&P MidCap 400, focuses on owning, operating, and developing properties that are either close to or house key U.S. Government defense missions, often requiring enhanced security features. As of March 31, 2025, the company’s portfolio included 198 properties, with a 96.6% occupancy rate, covering 22.6 million square feet.
The press release also contained forward-looking statements regarding the company’s future expectations, estimates, and projections. COPT Defense cautions that these statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The company does not commit to updating these forward-looking statements, which are based on current assumptions and estimates by the company.
Investors are directed to the company’s Annual Report on Form 10-K for the year ended December 31, 2024, for a detailed description of potential risks. This announcement is based on a press release statement from COPT Defense Properties.
In other recent news, COPT Defense Properties reported its first-quarter 2025 earnings, demonstrating a strong performance with a Funds From Operations (FFO) per share of $0.65, reflecting a 4.8% increase from the previous year. The company achieved a revenue of $175.31 million, surpassing the forecast of $171.43 million. However, the earnings per share (EPS) of $0.31 did not meet the expected $0.3369. Despite the EPS shortfall, the company maintained its full-year FFO guidance and increased its annual dividend by $0.04. COPT Defense Properties also highlighted robust development and leasing activities, maintaining a high occupancy rate of 98.5% across its properties. The company is targeting $225 million in new investments for 2025, with anticipated compound annual FFO per share growth of 4% from 2023 to 2026. Analyst firms such as Wedbush Securities have taken note of these developments, providing insights into the company’s strategic initiatives and their potential impact on future growth.
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