{"data":{"ticker":"CDP","slug":"copt-defense-properties","name":"COPT Defense Properties","exchange":"NYSE","sector":"Real Estate","headquarters":"Columbia, MD","ceo":"Stephen E. Budorick","employees":430,"website":"https://www.copt.com","founded":"1988","layers":[{"slug":"data-centers","name":"Data Centers & Hardware"},{"slug":"defense-ai","name":"Defense & Aerospace AI"}],"exposure":{"score":35,"tier":"Growing","rationale":"COPT leases data center shell buildings in Northern Virginia to a hyperscale cloud tenant while its core business remains defense office and secure campus space. The shells add steady AI-linked growth, but the thesis depends on US defense spending and government leasing, not the buildout."},"quote":{"price":33.2,"change24hPct":-0.45,"change7dPct":-2.64,"change30dPct":-1.1,"change1yPct":21.81,"high52w":37.99,"low52w":26.72,"marketCap":3846035968,"peRatio":22.43,"eps":1.48,"volume24h":42861200},"nextEarningsDate":"2026-10-29","summary":"COPT Defense Properties is a real estate investment trust that owns, operates, and develops properties concentrated around US defense installations. Most of its rent comes from the US government and defense contractors that need secure space next to priority missions, giving it one of the most durable tenant bases in real estate.","explainer":["COPT Defense Properties is a real estate investment trust that owns, operates, and develops properties concentrated around US defense installations. Most of its rent comes from the US government and defense contractors that need secure space next to priority missions, giving it one of the most durable tenant bases in real estate.","The portfolio has two parts. The Defense/IT segment holds office and secure campus space near hubs like Fort Meade, home of the National Security Agency and US Cyber Command, plus Redstone Arsenal and the Pentagon. The data center shell segment owns powered building envelopes in Northern Virginia that a hyperscale cloud tenant fits out with its own equipment.","Founded in 1988 and headquartered in Columbia, Maryland, the company employs about 430 people and trades on the NYSE."],"buildoutRole":"COPT sits in the Data Centers layer as a landlord rather than an operator. Its Northern Virginia data center shells give a hyperscale tenant ready-to-fit buildings in the most power-constrained market of the AI buildout. It also touches the Defense AI layer, since its secure campuses house agencies and contractors doing classified computing and cyber work. Lease growth, not chip demand, drives results, so its exposure is steady but indirect.","faq":[{"q":"What does COPT Defense Properties do?","a":"COPT Defense Properties is a REIT that owns and develops office buildings, secure campuses, and data center shells near US defense installations. It leases this space to the US government, defense contractors, and a hyperscale cloud tenant."},{"q":"How is COPT Defense Properties exposed to AI?","a":"Its data center shells in Northern Virginia are leased to a cloud tenant building AI capacity, and its defense campuses support classified computing work. Supercycle rates it Growing with an AI Exposure Score of 35 out of 100."},{"q":"What are COPT Defense Properties' main segments?","a":"The core Defense/IT segment covers properties near Fort Meade, Redstone Arsenal, and other defense hubs. The data center shell segment owns powered building envelopes in Northern Virginia that the tenant equips with its own servers and networking gear."},{"q":"Who leads COPT Defense Properties?","a":"Stephen E. Budorick serves as chief executive officer. The company was founded in 1988, is headquartered in Columbia, Maryland, and runs its defense-focused portfolio with a team of about 430 employees."},{"q":"Is CDP a pure play AI stock?","a":"No. Supercycle classifies CDP as Growing with a score of 35 out of 100. Defense office and campus leases produce most of its rent, while the AI-linked data center shells remain a smaller, steadier slice of the portfolio."}],"history1y":[{"date":"2026-09-22","close":34.02},{"date":"2026-09-23","close":33.45},{"date":"2026-09-24","close":33.49},{"date":"2026-09-25","close":33.56},{"date":"2026-09-28","close":33.44},{"date":"2026-09-29","close":33.96},{"date":"2026-09-30","close":33.4},{"date":"2026-10-01","close":33.27},{"date":"2026-10-02","close":33.57},{"date":"2026-10-05","close":33.36},{"date":"2026-10-06","close":33.68},{"date":"2026-10-07","close":33.39},{"date":"2026-10-08","close":33.47},{"date":"2026-10-09","close":33.48},{"date":"2026-10-12","close":33.6},{"date":"2026-10-13","close":33.55},{"date":"2026-10-14","close":33.22},{"date":"2026-10-15","close":33.21},{"date":"2026-10-16","close":33.29},{"date":"2026-10-19","close":32.74},{"date":"2026-10-20","close":33.31},{"date":"2026-10-21","close":33.09},{"date":"2026-10-22","close":33.83},{"date":"2026-10-23","close":33.93},{"date":"2026-10-26","close":34.1},{"date":"2026-10-27","close":33.93},{"date":"2026-10-28","close":33.47},{"date":"2026-10-29","close":34.25},{"date":"2026-10-30","close":33.35},{"date":"2026-11-02","close":33.2}],"incomeStatements":[{"ticker":"CDP","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":763923000,"cost_of_revenue":485715000,"gross_profit":278208000,"operating_expense":0,"operating_income":230368000,"net_income":152315000,"earnings_per_share":1.34,"earnings_per_share_diluted":1.34,"research_and_development":0,"selling_general_and_administrative_expenses":47840000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"CDP","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":753267000,"cost_of_revenue":492906000,"gross_profit":260361000,"operating_expense":0,"operating_income":213323000,"net_income":138929000,"earnings_per_share":1.23,"earnings_per_share_diluted":1.23,"research_and_development":0,"selling_general_and_administrative_expenses":47038000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"CDP","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":684982000,"cost_of_revenue":453751000,"gross_profit":231231000,"operating_expense":0,"operating_income":188462000,"net_income":-73469000,"earnings_per_share":-0.67,"earnings_per_share_diluted":-0.67,"research_and_development":0,"selling_general_and_administrative_expenses":42769000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"CDP","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":739030000,"cost_of_revenue":518623000,"gross_profit":220407000,"operating_expense":0,"operating_income":181416000,"net_income":173029000,"earnings_per_share":1.53,"earnings_per_share_diluted":1.53,"research_and_development":0,"selling_general_and_administrative_expenses":38991000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"CDP","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":4701790000,"current_assets":684163000,"cash_and_equivalents":274986000,"total_liabilities":3114115000,"current_liabilities":418033000,"total_debt":2812846000,"shareholders_equity":1514775000,"retained_earnings":-988957000},{"ticker":"CDP","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":4254191000,"current_assets":393264000,"cash_and_equivalents":38284000,"total_liabilities":2693624000,"current_liabilities":313252000,"total_debt":2440995000,"shareholders_equity":1493083000,"retained_earnings":-1003401000},{"ticker":"CDP","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":4246966000,"current_assets":529552000,"cash_and_equivalents":167820000,"total_liabilities":2699631000,"current_liabilities":305417000,"total_debt":2450218000,"shareholders_equity":1483912000,"retained_earnings":-1009318000},{"ticker":"CDP","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":4257275000,"current_assets":523301000,"cash_and_equivalents":12337000,"total_liabilities":2509527000,"current_liabilities":441418000,"total_debt":2260553000,"shareholders_equity":1681803000,"retained_earnings":-807508000}],"holders13f":[],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:50.063Z","tier":"free","source":"https://supercyclehq.com/stock/copt-defense-properties","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/CDP","html":"https://supercyclehq.com/stock/copt-defense-properties","md":"https://supercyclehq.com/stock/copt-defense-properties.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}