Is it safe?
Can CDP take a bad year?
COPT Defense Properties carries $2.52B of net debt at 6.29× EBITDA: a heavy load to carry through a bad year.
$2.52B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.29×
Net debt / EBITDA · 6.40× a year ago · the load is coming down
- Interest cover
- 2.60×
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 debtQ1 2026
- $2.55B
- Cash and short-term investments
- $29M
- Net debt
- $2.52B
- EBITDA, trailing twelve months
- $400M
- Operating profit, trailing twelve months
- $234M
- Debt / equity
- 1.68×
- Total debt / EBITDA
- 6.37×
- Annualised volatilitytwo years of daily moves
- 19%
- Worst drawdown on file
- −49%
- Below its 52-week high
- −2.5%
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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