COPT Defense Properties (CDP) is a publicly traded company in the Real Estate sector, operating within the REIT - Office industry. The company is headquartered in Columbia, MD, United States. The current CEO is Stephen E. Budorick.
CDP has IPO date of 1991-12-31, 427 full-time employees, listed on the NYSE, a market capitalization of $3.66B.
COPT Defense Properties is a real estate investment trust that owns, manages, leases, develops and acquires office and data center properties across the United States. The company's portfolio is strategically concentrated in locations supporting the U.S. Government and its defense and information technology contractors, which represented 90% of annualized rental revenue as of June 2023. COPT also maintains a secondary portfolio of Class-A office properties in select markets within the Greater Washington, DC/Baltimore region. As of mid-2023, the company's core portfolio comprised 192 properties totaling 22.9 million square feet with a 95% occupancy rate, positioning it to benefit from stable, government-backed demand and durable long-term missions.
