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COPT Defense Properties Q2 2026: Revenue $197.4M, EPS $0.4— 10-Q Summary

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Aug 3, 2026 at 02:11 PM

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COPT Defense Properties reported Q2 2026 revenue of $197.4M and EPS of $0.40, reflecting year-over-year growth driven by leasing momentum and higher same-property lease revenue. Net income attributable to common shareholders reached $46.4M. The company maintained a portfolio occupancy of 94.1% with strong tenant retention in the Defense/IT segment. Leasing activity totaled 2.2M sq. ft. year-to-date, while development and acquisition activities included new placements and land acquisitions.

COPT Defense Properties reported second-quarter 2026 results with revenue of $197.4M and net income attributable to common shareholders of $46.4M, driven by leasing momentum and higher same-property lease revenue versus the year-ago quarter.

Financial Highlights

Revenue was $197.4M for Q2 2026, up from $189.9M in the year-ago quarter; YoY change 3.9%.
Net income attributable to common shareholders was $46.4M for Q2 2026, versus $38.3M in the year-ago quarter; YoY change 21.1%.
Diluted earnings per share was $0.40 for Q2 2026, up from $0.34 in the year-ago quarter; YoY change 17.6%.

Business Highlights

Portfolio occupancy was 94.1% and leased rate 95.6%, with tenant retention of 84.4% led by the Defense/IT segment.
Same-property lease revenue growth propelled NOI uplift; ARR per occupied sq. ft. rose to $36.65.
Leasing activity YTD totaled 2.2M sq. ft., including 1.5M sq. ft. of renewals, 231K sq. ft. of vacant-space leases and 416K sq. ft. of investment-space leases.
Development and acquisitions included placing new developments in service, acquiring 17 acres in Chantilly, and recognizing a sales-type lease investment.
Service operations added modest NOI; construction activity declined year-over-year, reducing service revenues.

Original SEC Filing: COPT DEFENSE PROPERTIES [ CDP ] - 10-Q - Aug. 03, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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Financial Highlights

Revenue was $197.4M for Q2 2026, up from $189.9M in the year-ago quarter; YoY change 3.9%.
Net income attributable to common shareholders was $46.4M for Q2 2026, versus $38.3M in the year-ago quarter; YoY change 21.1%.
Diluted earnings per share was $0.40 for Q2 2026, up from $0.34 in the year-ago quarter; YoY change 17.6%.

Business Highlights

Portfolio occupancy was 94.1% and leased rate 95.6%, with tenant retention of 84.4% led by the Defense/IT segment.
Same-property lease revenue growth propelled NOI uplift; ARR per occupied sq. ft. rose to $36.65.
Leasing activity YTD totaled 2.2M sq. ft., including 1.5M sq. ft. of renewals, 231K sq. ft. of vacant-space leases and 416K sq. ft. of investment-space leases.
Development and acquisitions included placing new developments in service, acquiring 17 acres in Chantilly, and recognizing a sales-type lease investment.
Service operations added modest NOI; construction activity declined year-over-year, reducing service revenues.

Original SEC Filing: COPT DEFENSE PROPERTIES [ CDP ] - 10-Q - Aug. 03, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.