copt is an office reit that focuses primarily on serving the specialized requirements of u.s. government agencies and defense contractors, most of whom are engaged in defense information technology and national security-related activities. the company generally acquires, develops, manages and leases office and data center properties concentrated in large office parks primarily located near knowledge-based government demand drivers and/or in targeted markets or submarkets in the greater washington, dc/baltimore region. copt is an s&p midcap 400 company and more information can be found at www.copt.com.
Company profile
Ticker
CDP
Exchange
Website
CEO
Stephen Budorick
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CORPORATE OFFICE PROPERTIES TRUST, CORPORATE OFFICE PROPERTIES TRUST INC, ROYALE INVESTMENTS INC
SEC CIK
Corporate docs
Subsidiaries
COPT Bridge Street Office, LLC • 2100 L Holdings, LLC • Advanced Gateway 7500, LLC • Advanced Gateway 7600, LLC • Advanced Gateway 8600, LLC • Airport Square Holdings • COPT Acquisitions, Inc. • COPT BK Holdco, LLC • COPT BK Holdco II, LLC • COPT BK Holdco III, LLC ...
IRS number
232947217
CDP stock data
Latest filings (excl ownership)
DEFR14A
Revised proxy
5 Apr 24
ARS
2023 FY
Annual report to shareholders
28 Mar 24
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
10-K
2023 FY
Annual report
22 Feb 24
8-K
Results of Operations and Financial Condition
8 Feb 24
8-K
Other Events
22 Nov 23
424B7
Prospectus with selling stockholder info
22 Nov 23
8-K
COPT Defense Appoints Britt A. Snider as Chief Operating Officer
14 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
Transcripts
CDP
Earnings call transcript
2023 Q2
28 Jul 23
CDP
Earnings call transcript
2023 Q1
28 Apr 23
CDP
Earnings call transcript
2022 Q4
10 Feb 23
CDP
Earnings call transcript
2022 Q1
29 Apr 22
CDP
Earnings call transcript
2021 Q3
29 Oct 21
CDP
Earnings call transcript
2020 Q2
31 Jul 20
CDP
Earnings call transcript
2020 Q1
1 May 20
CDP
Earnings call transcript
2019 Q4
7 Feb 20
CDP
Earnings call transcript
2019 Q3
29 Oct 19
CDP
Earnings call transcript
2019 Q2
30 Jul 19
Latest ownership filings
4
ROBERT L DENTON
18 Mar 24
4
Anthony Mifsud
5 Mar 24
4
STEPHEN E BUDORICK
5 Mar 24
4
Britt A. Snider
5 Mar 24
4
Matthew T Myers
5 Mar 24
4
ROBERT L DENTON
29 Feb 24
4
ROBERT L DENTON
21 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G
BARROW HANLEY MEWHINNEY & STRAUSS LLC
13 Feb 24
4
ROBERT L DENTON
13 Feb 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 205.33 mm | 205.33 mm | 205.33 mm | 205.33 mm | 205.33 mm | 205.33 mm |
Cash burn (monthly) | (no burn) | (no burn) | 73.69 mm | 4.70 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 490.59 mm | 31.29 mm | n/a | n/a |
Cash remaining | n/a | n/a | -285.26 mm | 174.05 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -3.9 | 37.0 | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 241 |
Opened positions | 24 |
Closed positions | 19 |
Increased positions | 81 |
Reduced positions | 102 |
13F shares | Current |
---|---|
Total value | 2.75 tn |
Total shares | 117.03 mm |
Total puts | 41.90 k |
Total calls | 13.60 k |
Total put/call ratio | 3.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 18.42 mm | $439.01 bn |
Vanguard | 16.67 mm | $397.33 bn |
STT State Street | 6.82 mm | $164.34 bn |
Barrow Hanley Mewhinney & Strauss | 5.22 mm | $124.40 bn |
Earnest Partners | 4.99 mm | $118.87 bn |
FMR | 4.57 mm | $108.88 bn |
Victory Capital Management | 4.24 mm | $101.09 bn |
WHG Westwood | 3.17 mm | $75.57 bn |
Channing Capital Management | 3.03 mm | $72.29 bn |
Resolution Capital | 2.97 mm | $70.72 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Mar 24 | Denton Robert L | Common Units-CDPLP Common Shares | Conversion | Dispose C | No | No | 24.37 | 2,500 | 60.93 k | 179,264 |
1 Mar 24 | Anthony Mifsud | Profit Interest Units Common Shares | Grant | Acquire A | No | No | 0 | 17,836 | 0.00 | 210,881 |
1 Mar 24 | Stephen E Budorick | Profit Interest Units Common Shares | Grant | Acquire A | No | No | 0 | 66,482 | 0.00 | 667,935 |
1 Mar 24 | Britt A. Snider | Profit Interest Units Common Shares | Grant | Acquire A | No | No | 24.23 | 13,498 | 327.06 k | 36,972 |
1 Mar 24 | Matthew T Myers | Common Shares | Grant | Acquire A | No | No | 0 | 2,748 | 0.00 | 8,534 |
1 Mar 24 | Matthew T Myers | Common Shares | Sale back to company | Dispose D | No | No | 24.23 | 338 | 8.19 k | 5,786 |
News
Citigroup Downgrades COPT Defense to Neutral, Lowers Price Target to $25
22 Mar 24
Jefferies Upgrades COPT Defense to Buy, Raises Price Target to $28
21 Feb 24
COPT Defense Q4 2023 FFO $0.62 Beats $0.61 Estimate, Sales $179.73M Beat $161.19M Estimate
8 Feb 24
Earnings Scheduled For February 8, 2024
8 Feb 24
Press releases
COPT Defense Provides Conference Call Details to Discuss 1Q 2024 Results
3 Apr 24
COPT Defense to Present at Citi's 2024 Global Property CEO Conference
29 Feb 24
COPT Defense Increases Quarterly Dividend by 3.5%
22 Feb 24
COPT Defense Establishes 2024 Guidance
8 Feb 24
COPT Defense Reports Full Year 2023 Results
8 Feb 24