COPT DEFENSE PROPERTIES
CDP · XNYSCIK 860546fmd_10483PP1NZPESEEBWHRYD8PJFAFinance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate
Coverage: Jan 01, 2008 to Sep 30, 2026, 71 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 574 | 613 | 578 | 612 | 582 | 664 | 739 | 685 | 753 | 764 |
| Rental revenue | 418 | 505 | 512 | 493 | 509 | 554 | 580 | 620 | 671 | 714 |
| Property operating expenses | 198 | 191 | 201 | – | – | – | – | – | – | – |
| Cost of revenue | 45 | 100 | 58 | 110 | 68 | 104 | – | – | – | – |
| Gross profit | 529 | 513 | 520 | 502 | 515 | 560 | – | – | – | – |
| Depreciation and amortization | 133 | 134 | 137 | 125 | 127 | 138 | 141 | 149 | 154 | 162 |
| Gain on sale of real estate | 60 | 10 | 2 | 105 | 30 | 66 | 48 | 49 | 0 | 3 |
| Selling, general and administrative | 37 | 31 | 29 | 35 | 33 | 41 | 39 | 43 | 47 | 48 |
| Impairment of real estate | 101 | 15 | 2 | 0 | – | – | – | – | – | – |
| Operating income | 52 | 136 | – | – | – | – | – | – | – | – |
| Funds from operations (NAREIT definition, derived) | 203 | 208 | 209 | 212 | 194 | 154 | 272 | 25 | 298 | 318 |
| Interest expense | 83 | 77 | 75 | 71 | 68 | 65 | 61 | 71 | 82 | 87 |
| Other non-operating income (expense) | – | – | – | – | – | 9 | 9 | 13 | 13 | 11 |
| Income before taxes | 33 | 75 | 76 | 194 | 99 | 77 | 148 | (73) | 144 | 158 |
| Income tax expense | 0 | 1 | (0) | (0) | 0 | 0 | 0 | 1 | 0 | 1 |
| Net income from continuing operations | 34 | 75 | 79 | 195 | 101 | 78 | 149 | (74) | 144 | 157 |
| Net income | 29 | 69 | 72 | 192 | 97 | 82 | 179 | (74) | 144 | 160 |
| Net income to common shareholders | 15 | 55 | 72 | 191 | 97 | 76 | 172 | (75) | 138 | 152 |