COPT Defense Properties (CDP)

NYSE: CDP · Real Estate Investment Trusts · Columbia, MD · filing with the SEC since 1996

Grade5.6

◀ Past 5.8● Present 5.4▶ Future 5.5

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 20, 2026	Feb 21, 2025	Feb 22, 2024	Feb 24, 2023	Feb 22, 2022	Feb 12, 2021	Feb 19, 2020	Feb 21, 2019	Feb 16, 2018	Feb 17, 2017
Revenue	763,923	753,267	684,982	739,030	664,446	582,354^r	611,821^r	578,112	612,820	574,328
Cost of revenue	·	·	·	·	104,053	67,615	109,962	58,326	99,618	45,481
Selling, general and administrative	47,840	47,038	42,769	38,991^r	40,774^r	33,001	35,402	28,900	30,837	36,553
Total costs and expenses	533,555	539,944	749,317	557,614	495,747	423,918^r	460,389^r	433,584	476,983	521,918
Operating income	·	·	·	·	·	·	·	·	135,837	52,410
Interest expense	86,660	82,151	71,142	61,174	65,398	67,937	71,052	75,385	·	·
Share of profit of equity-method investments	2,806	397	-261	1,743	1,093	1,825	1,633	2,697	1,490^r	752^r
Other income (expense), net	10,683	12,661	12,587	9,070	9,007	·	·	·	·	·
Income before income taxes	157,675	143,833	-73,498	147,953	77,272	99,129^r	193,504^r	75,583	74,549^r	33,260^r
Income tax expense	947	288	588	447	145	353	-217	-363	1,098	244
Income from continuing operations	·	143,942	-74,347	149,249	78,220	100,601	195,354^r	78,643	74,941^r	33,768^r
Income from discontinued operations	·	0	0	29,573	3,358	2,277	4,650	·	0	0
Net income including non-controlling interests	159,534	143,942	-74,347	178,822	81,578	102,878	200,004	78,643	74,941^r	33,768^r
Net income	·	·	·	·	·	97,374	191,692	72,301	68,745^r	28,890^r
Preferred dividends	·	·	·	·	·	·	0	0	6,219	14,297
Net income to common shareholders	151,693	138,419	-74,668	·	·	96,943	191,036	71,839^r	55,230^r	14,576^r
Earnings per share, basic	1.35	1.23	-0.67	1.54	0.68	0.87	1.72	0.69	0.56^r	0.15^r
Earnings per share, diluted	1.34	1.23	-0.67	1.53	0.68	0.87	1.71	0.69	0.56^r	0.15^r
Earnings per share, basic and diluted	·	·	·	·	·	·	·	·	0.56	0.15
Weighted average shares, basic	112,516	112,296	112,178	112,073	111,960	111,788	111,196	103,946	98,969	94,502
Weighted average shares, diluted	113,304	112,899	112,178	112,620	112,418	112,076	111,623	104,125	99,155	94,594^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfServices

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keeps

us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton CDP · research, not advice