COPT Defense Properties

CDP Real Estate Reit Office

COPT Defense Properties' revenue for fiscal 2025 (year ended December 2025) was $763.9 million, up 1.41% from fiscal 2024.

Revenue
+10.6%
EPS
+10.8%
Free cash flow
+76.9%
Total debt
+5.57%

Quarter to September 2026, against a year earlier

32.77 0.42 +1.30%
Market cap
$7.3B
P/E
22.1×
Fwd P/E
23.1×
Dividend yield
3.86%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

COPT Defense Properties (CDP) Free cash flow margin

Alert me on Free cash flow margin

COPT Defense Properties's free cash flow margin over the twelve months to 30 September 2026 was 23.7%, up 5.5 percentage points from fiscal 2025 (18.2%). Over the past ten years it has ranged from −9.44% (fiscal 2019) to 65.9% (fiscal 2016); the current reading is higher than 36% of that period. That is above the Reit Office industry median of 14.9% and above the Real Estate sector median of 12.2%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 18.2% (4.04)
FY2024 22.2% (7.13)
FY2023 29.3% (6.35)
FY2022 35.7% 16.97
FY2021 18.7% 22.64
FY2020 −3.92% 5.52
FY2019 −9.44% (12.98)
FY2018 3.54% (30.80)
FY2017 34.3% (31.60)
FY2016 65.9% 39.82

Against its own ten years

Low −9.44% High 65.9%
Ten-year median 22.2%
Current reading's percentile 36

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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