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0:00 / 0:00I. Business Model and Defense/IT Strategy
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COPT Defense Properties Swings to $144M Profit on 9% NOI Growth Amid Defense Resilience

CDP10-KFiling Date: 2/21/2025
COPT Defense Properties
Description

What this story covers

COPT Defense Properties reported a $144M net income in 2024, up from a $74M loss, driven by 9% NOI growth to $419M in its secure Defense/IT portfolio. High retention (88%), robust leasing, and a strong development pipeline highlight resilience, with $2.4B fixed-rate debt and ample liquidity supporting future expansion despite office challenges and risks like USG concentration.

Story snapshot

CompanyCOPT Defense Properties
TickerCDP
VariantStandard detailed
Duration13:47
Filing type10-K
PeriodAnnual 2024
IndustryReal Estate & Construction
Accession0000860546-25-000008

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