COPT Defense Properties (CDP) Stock Analysis
Breakout setup
Real Estate · REIT - Office
Hold if already holding. Not a fresh buy at $31.90, but acceptable to hold if already in. Reasons: REIT tenant concentration cliff: 64% of NOI from top-10 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Tenant: top-3 tenants (51.1%).
COPT Defense Properties is a fully-integrated REIT owning 207 properties (25.2M sq ft) proximate to US government defense installations. The Defense/IT Portfolio (201 properties, 90.3% of ARR) serves the USG and defense contractors with mission-critical office space and data... Read more
Hold if already holding. Not a fresh buy at $31.90, but acceptable to hold if already in. Reasons: REIT tenant concentration cliff: 64% of NOI from top-10 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Tenant: top-3 tenants (51.1%). Chart setup: Golden cross, above all MAs, RSI 68, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.6/10, high confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 69d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and reit tenant cliff hard block. Suitability: aggressive.
Recent Developments — COPT Defense Properties
Latest news
- CDP (COPT Defense) posts 1.4% YoY Q4 2025 revenue gain, narrow EPS miss, stock dips slightly. - Shared Momentum Picks - — Cổng thông tin điện tử tỉnh Lào Cai negative
- COPT Defense (CDP) Q4 2025 Earnings Transcript - The Motley Fool — The Motley Fool positive
- COPT Defense (CDP) Q4 2025 Earnings Transcript - The Globe and Mail — The Globe and Mail neutral
- A Look At COPT Defense Properties (CDP) Valuation After Its Recent Total Return Strength - Yahoo Finance — Yahoo Finance neutral
- COPT Defense Properties (CDP) Projected to Post Earnings on Monday - MarketBeat — MarketBeat neutral
Generated 2026-05-20T20:21:21Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHTenanttop-3 tenants51%10-K Item 1A: 'the three largest of these tenants accounted for 51.1%, and the USG, our largest tenant, accounted for 35.4%'
- MEDIUMTenantUSG35%10-K Item 1A: 'the USG, our largest tenant, accounted for 35.4%' of total ARR as of December 31, 2025
- HIGHTenanttop-10 tenants64%10-K Item 1A: 'our 10 largest tenants accounted for 64.4% of our total ARR'
- MEDIUMTenantFortune 100 cloud computing customer11%10-K Item 1: '33 data center shells in Northern Virginia totaling 6.3 million square feet that we developed for a Fortune 100 Company cloud computing customer, whose total leased space from us accounted for 11.3% of our ARR as of December 31, 2025'
- HIGHProductDefense/IT Portfolio90%10-K Item 1: 'our Defense/IT Portfolio included:...201 operating properties totaling 23.2 million square feet...As of December 31, 2025: our Defense/IT Portfolio segment...representing 90.3% of our annualized rental revenue'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $31.90, but acceptable to hold if already in. Reasons: REIT tenant concentration cliff: 64% of NOI from top-10 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Tenant: top-3 tenants (51.1%). Chart setup: Golden cross, above all MAs, RSI 68, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $32.62 (+2.3%), stop $30.84 (−3.4%), A.R:R -0.6:1. Score 5.6/10, high confidence.
Take-profit target: $32.62 (+2.3% upside). Target $32.62 (+2.3%), stop $30.84 (−3.4%), A.R:R -0.6:1. Stop-loss: $30.84.
REIT tenant concentration cliff: 64% of NOI from top-10 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Tenant: top-3 tenants (51.1%); Concentration risk — Tenant: top-10 tenants (64.4%).
COPT Defense Properties trades at a P/E of 23.2 (forward 22.7). TrendMatrix value score: 4.8/10. Verdict: Hold.
12 analysts cover CDP with a consensus score of 3.9/5. Average price target: $36.
What does COPT Defense Properties do?COPT Defense Properties is a fully-integrated REIT owning 207 properties (25.2M sq ft) proximate to US government...
COPT Defense Properties is a fully-integrated REIT owning 207 properties (25.2M sq ft) proximate to US government defense installations. The Defense/IT Portfolio (201 properties, 90.3% of ARR) serves the USG and defense contractors with mission-critical office space and data center shells. Tenants include the USG (35.4% of ARR), defense contractors, and a Fortune 100 cloud computing company (11.3% of ARR).