Quarterly ResultApr 27, 2026, 04:33 PM
CDP Q1 Net Income $40.1M; EPS $0.34; Dividend $0.32
AI Summary
COPT Defense Properties announced its Q1 2026 financial results, reporting a net income of $40.1 million and diluted EPS of $0.34, both showing strong year-over-year growth. The company also increased its quarterly dividend to $0.32 per common share. NOI from real estate operations grew to $115.2 million, while the Defense/IT Portfolio maintained a high occupancy rate of 96.4% across its 201 properties.
Key Highlights
- Net income for Q1 2026 was $40.1 million, up 10.8% YoY.
- Diluted EPS for Q1 2026 was $0.34, an increase of 9.7% YoY.
- Quarterly dividend declared at $0.32 per common share, up from $0.305.
- NOI from real estate operations reached $115.2 million in Q1 2026, up 7.2% YoY.
- Diluted FFO (NAREIT) was $0.69 per share for Q1 2026, up 6.2% YoY.
- Diluted AFFO available to common share and unit holders was $65.1 million, up 16.1% YoY.
- Defense/IT Portfolio was 96.4% leased across 201 properties as of March 31, 2026.