COPT Defense Properties (CDP) - Net Assets
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. Check CDP asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore COPT Defense Properties total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see COPT Defense Properties stock valuation.
| 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 |
|---|---|
|
Shanghai Construction Group Co Ltd
SHG:600170
|
$3.51 Billion |
|
Inner Mongolia First Machinery Group Co Ltd
SHG:600967
|
$3.51 Billion |
|
Jiangsu Phoenix Publishing & Media Corp Ltd
SHG:601928
|
$3.51 Billion |
|
Amcor plc
F:485
|
$3.51 Billion |
|
Copa Holdings SA
NYSE:CPA
|
$3.51 Billion |
|
flatexDEGIRO AG
XETRA:FTK
|
$3.51 Billion |
|
JC Decaux SA
PA:DEC
|
$3.51 Billion |
|
Atacadão S.A
SA:CRFB3
|
$3.51 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: 2.32x
- 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 3.61x to 2.32x 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 | $31.01 | x |
| 1995-12-31 | $6.08 | $31.01 | x |
| 1996-12-31 | $6.44 | $31.01 | x |
| 1997-12-31 | $7.02 | $31.01 | x |
| 1998-12-31 | $74.26 | $31.01 | x |
| 1999-12-31 | $10.37 | $31.01 | x |
| 2000-12-31 | $10.09 | $31.01 | x |
| 2001-12-31 | $12.73 | $31.01 | x |
| 2002-12-31 | $12.27 | $31.01 | x |
| 2003-12-31 | $15.90 | $31.01 | x |
| 2004-12-31 | $14.92 | $31.01 | x |
| 2005-12-31 | $15.03 | $31.01 | x |
| 2006-12-31 | $15.55 | $31.01 | x |
| 2007-12-31 | $17.27 | $31.01 | x |
| 2008-12-31 | $19.36 | $31.01 | x |
| 2009-12-31 | $18.22 | $31.01 | x |
| 2010-12-31 | $20.46 | $31.01 | x |
| 2011-12-31 | $16.32 | $31.01 | x |
| 2012-12-31 | $18.59 | $31.01 | x |
| 2013-12-31 | $16.73 | $31.01 | x |
| 2014-12-31 | $16.44 | $31.01 | x |
| 2015-12-31 | $15.81 | $31.01 | x |
| 2016-12-31 | $16.12 | $31.01 | x |
| 2017-12-31 | $14.10 | $31.01 | x |
| 2018-12-31 | $15.23 | $31.01 | x |
| 2019-12-31 | $15.04 | $31.01 | x |
| 2020-12-31 | $14.82 | $31.01 | x |
| 2021-12-31 | $14.43 | $31.01 | x |
| 2022-12-31 | $14.93 | $31.01 | x |
| 2023-12-31 | $13.23 | $31.01 | x |
| 2024-12-31 | $13.22 | $31.01 | x |
| 2025-12-31 | $13.37 | $31.01 | 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: $1,713,611,889
- Average return on equity (ROE) among peers: 23.76%
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 | $3.51 Billion |
| Alexandria Real Estate Equities Inc (ARE) | $849.91 Million | 7.46% | 1.78x | $7.17 Billion |
| Brandywine Realty Trust (BDN) | $1.04 Billion | -18.75% | 2.34x | $524.57 Million |
| Boston Properties Inc (BXP) | $5.41 Billion | 5.04% | 1.73x | $9.41 Billion |
| City Office (CIO) | $359.83 Million | 1.60% | 1.49x | $3.03 Million |
| Creative Media & Community Trust Corporation (CMCT) | $315.04 Million | 109.72% | 1.12x | $15.08 Million |
| Cousins Properties Incorporated (CUZ) | $4.60 Billion | 6.06% | 0.59x | $3.83 Billion |
| Eerly Govt Ppty Inc (DEA) | $176.68 Million | -2.44% | 0.01x | $1.09 Billion |
| Douglas Emmett Inc (DEI) | $17.05 Million | 98.95% | 140.66x | $1.83 Billion |
| Equity Commonwealth (EQC) | $2.65 Billion | 6.24% | 1.01x | $169.73 Million |
About COPT Defense Properties
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