CDPCOPT Defense Properties
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and steady price behavior.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -49% · now 13% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CDP take a bad year?
COPT Defense Properties carries $2.57B of net debt at 6.32× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.32×
Net debt / EBITDA · 6.36× a year ago · the load is coming down
- Interest cover
- 2.54×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 19%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $2.59B
- Cash and short-term investments
- $24M
- Net debt
- $2.57B
- EBITDA, trailing twelve months
- $406M
- Operating profit, trailing twelve months
- $238M
- Debt / equity
- 1.70×
- Total debt / EBITDA
- 6.38×
- Annualised volatilitytwo years of daily moves
- 19%
- Worst drawdown on file
- −49%
- Below its 52-week high
- 13%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Office
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