The financials
COPT Defense Properties by the numbers
COPT Defense Properties (CDP) reported revenue of $201M in Q1 2026 (quarter ended March 31, 2026), up 6.8% from the same quarter a year earlier. That came with net income of $40M (20% of revenue). For the full year FY2025, revenue was $764M (+1.4% year on year) and net income $160M. Its largest segment in 2026-Q2 was Defense IT Portfolio at $82M, 81% of the disclosed total, just ahead of All Other at 19%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $201M | $188M | +6.8% |
| Operating income | $58M | $55M | +6.8% |
| Net income | $40M | $36M | +11% |
| Diluted EPS | $0.34 | $0.31 | +9.7% |
| Operating | Revenue | Share |
|---|---|---|
| Defense IT Portfolio | $82M | 81% |
| All Other | $19M | 19% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $100.6M (-6.1%)
Defense IT Portfolio grew +0.73% year on yearAll Other -0.25% year on year
Segment Latestquarter on quarteryear on year
- Defense IT Portfolio$81.9M$81.9MQoQ -6.4%year on year +0.73%-6.4%+0.73%
- All Other$18.7M$18.7MQoQ -4.5%year on year -0.25%-4.5%-0.25%
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