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COPT DEFENSE PROPERTIES CDP

NYSE · reit · Real Estate Investment Trusts · website · IPO 1991-12-31 · LEI

COPT DEFENSE PROPERTIES statistics & valuation

Market cap$8.3B
P / S10.8×
P / B5.3×
Dividend yield1.65%
Net debt$2.5B
Enterprise value USD$10.8B
Graham number -45.3%$20.39

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($20.39); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
9.10% 22.20% 2016201720182019202020212022202320242025
Return on equity (%)
1.80% 4.70% 4.40% 11.10% 5.70% 2016201720182019202020212022202320242025
Shares outstanding
98.5M 101.3M 110.2M 112.1M 112.2M 112.4M 112.6M 112.6M 112.9M 113.3M 2016201720182019202020212022202320242025
Net debt ($)
$1.69B $1.82B $1.82B $1.82B $2.07B $2.26B $2.22B $2.25B $2.35B $2.49B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 1.90% 2.00% 5.00% 2.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.18× 1.25× 1.12× 1.07× 1.23× 1.37× 1.30× 1.59× 1.56× 1.77× 2016201720182019202020212022202320242025
EPS ($)
$0.15 $0.56 $0.69 $1.71 $0.87 $0.68 $1.53 -$0.67 $1.23 $1.34 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

COPT DEFENSE PROPERTIES trades at about 27.8× earnings — near its 10-year norm (10-year range 12.8×–212.1×, median 30.2×).

12.8× 212.1×

Shaded band = 10-year range (12.8×–212.1×); dot = today's 27.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin————————22.2%9.1%
Net margin—————16.7%31.3%12.5%11.2%5.0%
Return on assets—————2.4%5.0%2.0%1.9%0.8%
Return on equity—————5.7%11.1%4.4%4.7%1.8%
Debt / equity1.77×1.56×1.59×1.30×1.37×1.23×1.07×1.12×1.25×1.18×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.