COPT Defense Q3 FFO per share grows 6.2%

Copt Defense Properties

30/10/2025 20:57

Overview

COPT Defense Q3 FFO per share grows 6.2% yr/yr, exceeding guidance midpoint

Company raises 2025 FFO per share guidance midpoint by $0.03 to $2.70

COPT Defense maintains strong occupancy, leased rate highest in 20 years

Outlook

Company raises 2025 FFO per share guidance midpoint by $0.03 to $2.70

Increased midpoint of 2025 guidance for the year by 75 basis points to 4.0%

Company increases 2025 vacancy leasing target to 500,000 SF

Result Drivers

HIGH OCCUPANCY - Co's Defense/IT portfolio is 95.4% occupied and 97.0% leased, highest in 20 years

LEASING OUTPERFORMANCE - 3Q25 total leasing of 971,000 SF

CAPITAL DEPLOYMENT - Committed $72M to new investments, including a build-to-suit project and a building acquisition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$43.74 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for COPT Defense Properties is $33.00, about 16.7% above its October 29 closing price of $27.49

Press Release: ID:nBwbYKD3Da

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)