COPT Defense Reports Strong Third Quarter 2024 Results
COPT Defense Properties Common Shares of Beneficial Interest (CDP)
Company Research
Source: Business Wire
_______________________________________________________________EPS of $0.32FFO per Share, as Adjusted for Comparability, of $0.651-cent above the Midpoint of GuidanceIncreased Midpoint of 2024 FFO per Share Guidance by 1-cent to $2.57Implies 6.2% FFO per Share Growth for the YearDefense/IT Portfolio 95.0% Occupied and 96.5% LeasedSame Property Cash NOI Increased 9.4% in 3Q24 and 8.8% Year-to-DateRaised Midpoint of Same Property Cash NOI Guidance for the Year by 50 Basis Points to 8.5%_______________________________________________________________Strong Leasing Volume and Retention YTDTotal Leasing of 829,000 SF in 3Q24 and 2.5 million SF Year-to-Date123,000 SF in 3Q24 and 387,000 SF Year-to-Date of Vacancy Leasing Exceeded Annual Target of 400,000 SF, with 4Q24 Progress To-DateTenant Retention of 88% in 3Q24 and 84% Year-to-Date Raised Midpoint of Guidance for the Year by 250 Basis Points to 85%80,000 SF in 3Q24 and 90,000 SF Year-to-Date of Investment Leasing_________________________
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News
- COPT Defense Properties (NYSE: CDP) had its price target raised by analysts at Truist Financial Co. from $31.00 to $33.00. They now have a "hold" rating on the stock.MarketBeat
- COPT Defense Properties (NYSE: CDP) had its price target raised by analysts at BTIG Research from $33.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- COPT Defense Properties (NYSE: CDP), President & CEO Steve Budorick Interviewed by Advisor AccessGlobeNewswire
- COPT Defense Declares Fourth Quarter 2024 Common DividendBusiness Wire
- COPT Defense Properties (NYSE: CDP) had its price target raised by analysts at Evercore ISI from $33.00 to $36.00. They now have an "outperform" rating on the stock.MarketBeat