COPT Defense Properties

NYSE:CDP USA REIT - Office
Market Cap
$3.61 Billion
Market Cap Rank
#3536 Global
#2312 in USA
Share Price
$31.87
Change (1 day)
-0.31%
52-Week Range
$24.71 - $32.64
All Time High
$33.05
Categories
Companies in USA REIT - Office
About

COPT Defense Properties is an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national s… Read more

COPT Defense Properties (CDP) - Net Assets

Latest net assets as of December 2025: $1.59 Billion USD

Based on the latest financial reports, COPT Defense Properties (CDP) has net assets worth $1.59 Billion USD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.70 Billion) and total liabilities ($3.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets $1.59 Billion
% of Total Assets 33.77%
Annual Growth Rate 17.77%
5-Year Change -5.72%
10-Year Change -1.85%
Growth Volatility 132.75

COPT Defense Properties - Net Assets Trend (1991–2025)

This chart illustrates how COPT Defense Properties's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for COPT Defense Properties (1991–2025)

The table below shows the annual net assets of COPT Defense Properties from 1991 to 2025.

Year Net Assets Change
2025-12-31 $1.59 Billion +1.74%
2024-12-31 $1.56 Billion +0.86%
2023-12-31 $1.55 Billion -11.47%
2022-12-31 $1.75 Billion +3.79%
2021-12-31 $1.68 Billion -2.05%
2020-12-31 $1.72 Billion -1.69%
2019-12-31 $1.75 Billion +5.77%
2018-12-31 $1.65 Billion +10.85%
2017-12-31 $1.49 Billion -7.80%
2016-12-31 $1.62 Billion -1.11%
2015-12-31 $1.64 Billion +6.27%
2014-12-31 $1.54 Billion +1.60%
2013-12-31 $1.52 Billion +4.71%
2012-12-31 $1.45 Billion +19.10%
2011-12-31 $1.21 Billion -8.19%
2010-12-31 $1.32 Billion +18.07%
2009-12-31 $1.12 Billion +3.53%
2008-12-31 $1.08 Billion +13.61%
2007-12-31 $952.74 Million +20.52%
2006-12-31 $790.49 Million +14.94%
2005-12-31 $687.72 Million +10.78%
2004-12-31 $620.80 Million +17.09%
2003-12-31 $530.18 Million +36.16%
2002-12-31 $389.38 Million +2.63%
2001-12-31 $379.39 Million +26.76%
2000-12-31 $299.29 Million -1.79%
1999-12-31 $304.74 Million +23.89%
1998-12-31 $245.98 Million +221.12%
1997-12-31 $76.60 Million +732.61%
1996-12-31 $9.20 Million -4.17%
1995-12-31 $9.60 Million +57.38%
1991-12-31 $6.10 Million --

Equity Component Analysis

This analysis shows how different components contribute to COPT Defense Properties's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 20000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock $1.13 Million 0.07%
Other Comprehensive Income $-989.02 Million -65.29%
Other Components $2.50 Billion 165.22%
Total Equity $1.51 Billion 100.00%

COPT Defense Properties Competitors by Market Cap

The table below lists competitors of COPT Defense Properties ranked by their market capitalization.

Company Market Cap
Axonics Modulation Technologies Inc
NASDAQ:AXNX
 		$3.58 Billion
SkyWest Inc
NASDAQ:SKYW
 		$3.58 Billion
DLVEY
PINK:DLVEY
 		$3.58 Billion
Reply SpA
PINK:RPYTF
 		$3.58 Billion
SHANG.FOS.PHARM.GR.H YC 1
F:08HH
 		$3.58 Billion
Beijing New Building Materials Public Ltd Co
SHE:000786
 		$3.58 Billion
Dairy Farm International Holdings Limited
PINK:DFILF
 		$3.57 Billion
Rongsheng Petrochemical Co Ltd
SHE:002493
 		$3.57 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in COPT Defense Properties's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,493,083,000 to 1,514,774,999, a change of 21,691,999 (1.5%).
  • Net income of 152,315,000 contributed positively to equity growth.
  • Dividend payments of 1,220 reduced retained earnings.
  • Other comprehensive income decreased equity by 990,006,000.
  • Other factors increased equity by 859,384,219.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $152.31 Million +10.06%
Dividends Paid $1.22K -0.0%
Other Comprehensive Income $-990.01 Million -65.36%
Other Changes $859.38 Million +56.73%
Total Change $- 1.45%

Book Value vs Market Value Analysis

This analysis compares COPT Defense Properties's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.38x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 3.71x to 2.38x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1991-12-31 $8.59 $31.87 x
1995-12-31 $6.08 $31.87 x
1996-12-31 $6.44 $31.87 x
1997-12-31 $7.02 $31.87 x
1998-12-31 $74.26 $31.87 x
1999-12-31 $10.37 $31.87 x
2000-12-31 $10.09 $31.87 x
2001-12-31 $12.73 $31.87 x
2002-12-31 $12.27 $31.87 x
2003-12-31 $15.90 $31.87 x
2004-12-31 $14.92 $31.87 x
2005-12-31 $15.03 $31.87 x
2006-12-31 $15.55 $31.87 x
2007-12-31 $17.27 $31.87 x
2008-12-31 $19.36 $31.87 x
2009-12-31 $18.22 $31.87 x
2010-12-31 $20.46 $31.87 x
2011-12-31 $16.32 $31.87 x
2012-12-31 $18.59 $31.87 x
2013-12-31 $16.73 $31.87 x
2014-12-31 $16.44 $31.87 x
2015-12-31 $15.81 $31.87 x
2016-12-31 $16.12 $31.87 x
2017-12-31 $14.10 $31.87 x
2018-12-31 $15.23 $31.87 x
2019-12-31 $15.04 $31.87 x
2020-12-31 $14.82 $31.87 x
2021-12-31 $14.43 $31.87 x
2022-12-31 $14.93 $31.87 x
2023-12-31 $13.23 $31.87 x
2024-12-31 $13.22 $31.87 x
2025-12-31 $13.37 $31.87 x

Capital Efficiency Dashboard

This dashboard shows how efficiently COPT Defense Properties utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 10.06%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 19.94%
  • • Asset Turnover: 0.16x
  • • Equity Multiplier: 3.10x
  • Recent ROE (10.06%) is above the historical average (4.55%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1991 -3.28% -200.00% 0.02x 1.05x $-810.00K
1995 3.13% 12.00% 0.10x 2.58x $-660.00K
1996 3.26% 12.00% 0.10x 2.63x $-620.00K
1997 -8.55% -15.15% 0.03x 16.54x $-2.17 Million
1998 2.78% 11.96% 0.07x 3.34x $-12.18 Million
1999 7.85% 19.47% 0.11x 3.75x $-4.13 Million
2000 7.81% 14.39% 0.13x 4.10x $-4.24 Million
2001 7.55% 16.19% 0.12x 3.77x $-6.47 Million
2002 8.08% 16.17% 0.13x 3.95x $-5.55 Million
2003 6.86% 15.77% 0.15x 2.96x $-14.16 Million
2004 7.10% 15.90% 0.13x 3.32x $-15.16 Million
2005 6.70% 12.15% 0.15x 3.66x $-19.22 Million
2006 7.30% 13.92% 0.15x 3.59x $-18.20 Million
2007 4.23% 8.54% 0.14x 3.56x $-47.48 Million
2008 5.70% 9.22% 0.19x 3.29x $-40.64 Million
2009 5.48% 7.34% 0.23x 3.29x $-46.42 Million
2010 3.49% 8.69% 0.13x 3.13x $-79.90 Million
2011 -10.55% -24.23% 0.13x 3.41x $-232.66 Million
2012 1.54% 4.13% 0.14x 2.68x $-115.57 Million
2013 6.57% 17.83% 0.14x 2.55x $-48.85 Million
2014 2.77% 6.86% 0.16x 2.52x $-104.89 Million
2015 11.54% 28.52% 0.16x 2.53x $23.85 Million
2016 1.97% 5.23% 0.15x 2.48x $-122.25 Million
2017 4.90% 11.22% 0.17x 2.56x $-71.47 Million
2018 4.56% 12.51% 0.16x 2.31x $-86.24 Million
2019 11.42% 31.33% 0.16x 2.30x $23.80 Million
2020 5.86% 16.67% 0.14x 2.45x $-68.73 Million
2021 4.72% 11.52% 0.16x 2.63x $-85.73 Million
2022 10.29% 23.41% 0.17x 2.53x $4.85 Million
2023 -4.95% -10.73% 0.16x 2.86x $-221.86 Million
2024 9.30% 18.44% 0.18x 2.85x $-10.38 Million
2025 10.06% 19.94% 0.16x 3.10x $837.50K

Industry Comparison

This section compares COPT Defense Properties's net assets metrics with peer companies in the REIT - Office industry.

Industry Context

  • Industry: REIT - Office
  • Average net assets among peers: $1,243,509,333
  • Average return on equity (ROE) among peers: 2.24%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
COPT Defense Properties (CDP) $1.59 Billion -3.28% 1.96x $3.58 Billion
Allied Properties Real Estate Investment Trust (APYRF) $215.70 Million 3.58% 1.33x $973.59 Million
Alexandria Real Estate Equities Inc (ARE) $1.58 Billion 5.93% 1.94x $7.61 Billion
Brandywine Realty Trust (BDN) $1.69 Billion 2.03% 1.41x $496.31 Million
BTB Real Estate Investment Trust (BTBIF) $248.95 Million 11.32% 2.06x $199.14 Million
Boston Properties Inc (BXP) $3.00 Billion 14.79% 1.81x $7.87 Billion
City Office (CIO) $772.63 Million -0.35% 0.96x $2.76 Million
CLS Holdings plc (CLIHF) $929.20 Million -26.88% 1.33x $263.93 Million
Creative Media & Community Trust Corporation (CMCT) $42.90 Million 0.00% 0.01x $114.98K
Cromwell Property Group (CMWCF) $2.71 Billion 9.71% 0.86x $445.64 Million