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CDPCOPT Defense PropertiesHold5.7·$33.95-1.69%
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COPT Defense Properties (CDP) Stock Analysis

Breakout setup

HoldVALUE-TRAP 1/5Moderate Confidence

Real Estate · REIT - Office

Hold if already holding. Not a fresh buy at $33.95, but acceptable to hold if already in. Reasons: REIT tenant concentration cliff: 51% of NOI from top-3 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Property Type: Defense/IT Portfolio (90.3%).

Focused on properties proximate to U.S. Government defense installations, COPT Defense Properties owns and operates 207 properties totaling 25.2 million square feet, with 90.3% of annualized rental revenue from its Defense/IT Portfolio of office buildings and data center shells.... Read more

$33.95+0.4% A.UpsideScore 5.7/10#1 of 14 REIT - Office
QualityF-score8 / 9FCF yield7.16%
IncomeYield3.62%(5y avg 4.25%)Payout90.15%
Stop $32.38Target $34.08(resistance)A.R:R -0.9:1
Analyst target$35.88+5.7%8 analysts
$34.08our TP
$33.95price
$35.88mean
$38

Hold if already holding. Not a fresh buy at $33.95, but acceptable to hold if already in. Reasons: REIT tenant concentration cliff: 51% of NOI from top-3 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Property Type: Defense/IT Portfolio (90.3%). Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.7/10, moderate confidence.

Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 42d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and reit tenant cliff hard block. Suitability: aggressive.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-15
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Mon, Jul 27, 202642d to earnings· next earnings call

Thesis

Rewards
Positive news sentiment (+1.00)
High-quality business
Risks
REIT tenant concentration cliff: 51% of NOI from top-3 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.
Concentration risk — Property Type: Defense/IT Portfolio (90.3%)
Concentration risk — Tenant: top-3 tenants (51.1%)

Key Metrics

P/E (TTM)25.2
P/E (Fwd)24.7
Mkt Cap$4.0B
EV/EBITDA16.1
Profit Mgn20.0%
ROE10.4%
Rev Growth7.3%
Beta0.81
Dividend3.62%
Rating analysts12

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

P/C0.50bullish
IV32%normal

Concentration Risks(10-K Item 1A)

  • HIGHPropertyDefense/IT Portfolio90%
    10-K Item 1A: 'As of December 31, 2025, 90.3% of our ARR was from our Defense/IT Portfolio.'
  • HIGHTenanttop-3 tenants51%
    10-K Item 1A: 'the three largest of these tenants accounted for 51.1%'
  • MEDIUMTenantUSG35%
    10-K Item 1A: 'the USG, our largest tenant, accounted for 35.4%'
  • LOWCustomerFortune 100 cloud computing customer11%
    10-K Item 1A: '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'
  • MEDIUMGeographicGreater Washington, DC/Baltimore region
    10-K Item 1A: 'Most of our properties are located in the Mid-Atlantic region of the United States, particularly in the Greater Washington, DC/Baltimore region.'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

10 dimensions · all in-band

GatesA.R:R -0.9=NEGATIVEREIT TENANT CLIFF HARD BLOCKMomentum 6.8>=5.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 42d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARBreakoutSuitability: Aggressive
RSI
65 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $30.93Resistance $34.78

Price Targets

$32
$34
A.Upside+0.4%
A.R:R-0.9:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-8.1% upside)
! NEWS_MOD=+1: SELL_IF_HOLDING → HOLD_IF_HOLDING
! Negative risk/reward — downside exceeds upside

Earnings

B
M
M
M
1/4 beats
Next Earnings2026-07-27 (42d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is CDP stock a buy right now?

Hold if already holding. Not a fresh buy at $33.95, but acceptable to hold if already in. Reasons: REIT tenant concentration cliff: 51% of NOI from top-3 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Property Type: Defense/IT Portfolio (90.3%). Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $34.08 (+0.4%), stop $32.38 (−4.8%), A.R:R -0.9:1. Score 5.7/10, moderate confidence.

What is the CDP stock price target?

Take-profit target: $34.08 (+0.4% upside). Target $34.08 (+0.4%), stop $32.38 (−4.8%), A.R:R -0.9:1. Stop-loss: $32.38.

What are the risks of investing in CDP?

REIT tenant concentration cliff: 51% of NOI from top-3 tenants (≥40% threshold). Single-tenant churn risk dominates spot FFO.; Concentration risk — Property Type: Defense/IT Portfolio (90.3%); Concentration risk — Tenant: top-3 tenants (51.1%).

Is CDP overvalued or undervalued?

COPT Defense Properties trades at a P/E of 25.2 (forward 24.7). TrendMatrix value score: 4.7/10. Verdict: Hold.

What do analysts say about CDP?

12 analysts cover CDP with a consensus score of 3.9/5. Average price target: $36.

What does COPT Defense Properties do?Focused on properties proximate to U.S. Government defense installations, COPT Defense Properties owns and operates 207...

Focused on properties proximate to U.S. Government defense installations, COPT Defense Properties owns and operates 207 properties totaling 25.2 million square feet, with 90.3% of annualized rental revenue from its Defense/IT Portfolio of office buildings and data center shells. The U.S. Government is the single largest tenant at 35.4% of total ARR, with the top three tenants collectively at 51.1%.

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