Every material Form 8-K COPT Defense Properties has filed with the SEC since February 08, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
COPT Defense Properties reported unaudited results for the quarter ended September 30, 2026, in an earnings release furnished as Exhibit 99.1 to an 8-K dated October 29, 2026. Headline measures rose from a year earlier, with quarterly net income up to $49.8 million from $43.7 million and diluted EPS at $0.41 versus $0.37. Nine-month net income was $138.5 million, compared with $120.1 million in the same period of 2025.
Q3 2026 net income was $49.8 million, versus $43.7 million for Q3 2025.
Diluted EPS was $0.41 versus $0.37; FFO per diluted share was $0.71 versus $0.69.
Total revenues were $208.8 million, up from $188.8 million; diluted AFFO was $65.4 million versus $63.3 million.
COPT Defense Properties reported higher second-quarter 2026 results for the period ended June 30, 2026. Net income was $48.6 million, up from $40.2 million a year earlier, and diluted EPS was $0.40 versus $0.34, while diluted FFO per share rose to $0.71 from $0.68. The earnings release and supplemental package were furnished as Exhibit 99.1 and were not filed under Section 18 of the Exchange Act.
Total revenues for the three months ended June 30, 2026 were $197.4 million, compared with $189.9 million a year earlier.
Diluted EPS was $0.40 for the quarter, compared with $0.34 for the same quarter of 2025.
Diluted FFO per share was $0.71 versus $0.68, and the quarterly dividend per common share was $0.32, compared with $0.305.
COPT Defense Properties reported first-quarter 2026 results for the period ended March 31, 2026, in an earnings release furnished as Exhibit 99.1 to an 8-K filed April 27, 2026. Headline measures improved from a year earlier: total revenues were $200.6 million versus $187.9 million, and diluted EPS was $0.34 versus $0.31, with diluted FFO per share at $0.69 versus $0.65.
Total revenues were $200.6 million for the quarter, compared with $187.9 million for the quarter ended March 31, 2025.
Diluted EPS was $0.34, compared with $0.31 a year earlier; diluted FFO per share was $0.69, compared with $0.65.
Diluted AFFO available to common share and unit holders was $65.1 million, compared with $56.0 million a year earlier.
Total Same Property cash NOI rose 5.4% from the same period in the prior year, and total debt fell to $2.55 billion at March 31, 2026 from $2.77 billion at December 31, 2025.
COPT Defense Properties reported results for the quarter and year ended December 31, 2025 in an earnings release filed as Exhibit 99.1 to this 8-K. Q4 2025 net income was $39.4 million, up from $36.5 million in Q4 2024, and full-year 2025 net income was $159.5 million, up from $143.9 million in 2024. Results rose across the headline measures, which supports the shareholder case for the company's per-share earnings and funds-from-operations growth.
Q4 2025 diluted EPS was $0.33, compared with $0.31 in Q4 2024; full-year 2025 diluted EPS was $1.34, compared with $1.23 in 2024
Q4 2025 FFO per Nareit share was $0.70, compared with $0.64 in Q4 2024; full-year 2025 FFO per share was $2.72, compared with $2.57 in 2024
Q4 2025 total revenues were $197.4 million, compared with $183.4 million in Q4 2024
Total debt was $2.77 billion at December 31, 2025, up from $2.44 billion at September 30, 2025
COPT Defense Properties and its operating partnership entered into letter agreements on January 30, 2026 with CEO Stephen E. Budorick, COO Britt A. Snider and CFO Anthony Mifsud. The agreements set their participation in the company's Second Amended & Restated Executive Change in Control and Severance Plan for five-year periods and replace earlier letter agreements. The filing sets out the severance multiples and benefit periods that apply if these executives are terminated without cause or are constructively discharged.
Letter agreements dated January 30, 2026 supersede earlier agreements dated June 22, 2021, December 1, 2023 and November 1, 2021
Five-year participation periods for Budorick, Snider and Mifsud, after which they cease to participate unless otherwise agreed
Budorick's severance multiple is 2.00, or 2.99 if terminated within six months before to 24 months after a change in control; Snider's and Mifsud's is 1.00, or 2.99 under the same change-in-control window
Continuation coverage is two years for Budorick and one year for Snider and Mifsud
COPT Defense Properties reported unaudited results for the quarter ended September 30, 2025, in an earnings release furnished as Exhibit 99.1. Net income rose to $43.7 million from $37.4 million a year earlier, and diluted EPS rose to $0.37 from $0.32, with FFO per diluted share up to $0.69 from $0.65. Total revenues were roughly flat at $188.8 million versus $189.2 million, and the quarterly dividend per common share was $0.305, up from $0.295.
Q3 2025 diluted EPS was $0.37, compared with $0.32 in Q3 2024; nine-month diluted EPS was $1.01, compared with $0.92.
Q3 2025 diluted FFO per share (Nareit) was $0.69, compared with $0.65 in Q3 2024.
Q3 2025 total revenues were $188.8 million, compared with $189.2 million in Q3 2024.
Dividend per common share was $0.305 for Q3 2025, compared with $0.295 a year earlier.
On October 6, 2025, COPT Defense Properties and its operating partnership amended their credit agreement with a group of eight lenders led by KeyBank. The revolving credit facility commitment rose from $600.0 million to $800.0 million and its maturity moved from October 26, 2026 to October 5, 2029, while the company's Term Loan maturity of January 30, 2026 was kept but made extendable. The filing does not state the reasons for the amendment.
Revolving credit facility aggregate commitment increased to $800.0 million from $600.0 million
Revolver maturity extended from October 26, 2026 to October 5, 2029, with two six-month extension options
Term Loan maturity of January 30, 2026 maintained, with two 12-month extension options
Ability to request additional commitments increased to $575.0 million from $525.0 million
On October 2, 2025, COPT Defense Properties' operating partnership completed a $400.0 million offering of 4.500% Senior Notes due 2030, fully and unconditionally guaranteed by COPT Defense Properties. The notes were issued under a registered shelf and governed by a fifth supplemental indenture to an existing 2019 senior indenture with U.S. Bank Trust Company as trustee. The filing adds debt to the company's capital structure, but it does not report use of proceeds or any change to earnings or guidance.
Offering size: $400.0 million aggregate principal amount of 4.500% Senior Notes due 2030
Issuer is COPT Defense Properties, L.P.; parent COPT Defense Properties guarantees the notes
Governed by Fifth Supplemental Indenture dated October 2, 2025, under a base indenture dated April 8, 2019
Registered on Form S-3ASR filed April 8, 2025; prospectus supplement dated September 23, 2025
COPT Defense Properties reported financial results for the quarter and six months ended June 30, 2025, in an earnings release filed as Exhibit 99.1 to a Form 8-K. Net income for the quarter rose to $40.2 million from $36.4 million a year earlier, and diluted EPS rose to $0.34 from $0.31. Per-share funds from operations (FFO) rose to $0.68 from $0.64, which is the measure the company's analysts track closely.
Diluted FFO per share (Nareit) was $0.68 for Q2 2025, up from $0.64 in Q2 2024 and $0.65 in Q1 2025.
Net income was $40.2 million for Q2 2025, compared with $36.4 million in Q2 2024.
Total revenues were $189.9 million for Q2 2025, compared with $187.3 million in Q2 2024.
The company's portfolio was 96.8% leased for its Defense/IT Portfolio as of June 30, 2025.
COPT Defense Properties reported first-quarter 2025 results for the period ended March 31, 2025, in an earnings release furnished as Exhibit 99.1. Net income rose to $36.2 million from $33.7 million a year earlier, and diluted FFO per share (Nareit) rose to $0.65 from $0.62, though total revenues fell year over year and diluted AFFO declined.
Diluted EPS was $0.31 for the quarter, compared with $0.29 in the first quarter of 2024.
Diluted FFO per share (Nareit) was $0.65, compared with $0.62 a year earlier.
Total revenues were $187.9 million, down from $193.3 million, while lease revenue rose to $175.3 million from $165.4 million.
Diluted AFFO was $56.0 million, compared with $59.3 million a year earlier.
COPT Defense Properties reported fourth-quarter and full-year 2024 results in an earnings release furnished as Exhibit 99.1. Full-year net income was $143.9 million, compared with a net loss of $74.3 million in 2023, which included impairment losses on real estate, and revenue rose to $753.3 million from $685.0 million.
Q4 2024 FFO per diluted share was $0.64, up from $0.62 in Q4 2023; full-year FFO per diluted share was $2.57, up from $2.41.
Q4 2024 diluted EPS was $0.31, compared with $0.30 in Q4 2023; full-year 2024 diluted EPS was $1.23, compared with a loss of $0.67 in 2023.
Q4 2024 total revenues were $183.4 million, up from $179.7 million; quarterly dividend per share was $0.295, up from $0.285.
Q4 2024 diluted AFFO was $47.9 million, down from $54.3 million in Q4 2023, while full-year diluted AFFO rose to $222.2 million from $203.0 million.
COPT Defense Properties reported results for the three months ended September 30, 2024, in an earnings release furnished as Exhibit 99.1 to a Form 8-K. Net income, diluted EPS, FFO per share, revenue and Adjusted EBITDA all rose from the year-earlier quarter, which included a $252.8 million impairment charge, but diluted AFFO fell to $52.6 million from $64.1 million.
Q3 2024 net income was $37.4 million, compared with a net loss of $221.2 million in Q3 2023, which included $252.8 million in impairment losses.
Diluted EPS was $0.32 versus a loss of $1.94 a year earlier; diluted FFO per share was $0.65 versus $0.60.
Total revenues were $189.2 million versus $168.6 million, and Adjusted EBITDA was $99.2 million versus $90.3 million.
Diluted AFFO was $52.6 million versus $64.1 million in Q3 2023; the excerpt provided does not include updated guidance.
COPT Defense Properties reported results for the quarter ended June 30, 2024, with net income of $36.4 million, up from $31.6 million in the same quarter of 2023. Diluted FFO per share rose to $0.64 from $0.60, and the company's quarterly dividend per common share was $0.295, up from $0.285 a year earlier.
Q2 2024 total revenues were $187.3 million, compared with $169.2 million in Q2 2023.
Diluted EPS was $0.31, compared with $0.27 in Q2 2023. Net income was $36.4 million.
NOI from real estate operations was $105.4 million, compared with $95.0 million in Q2 2023.
Dividend per common share was $0.295 for the quarter, compared with $0.285 a year earlier.
At its May 9, 2024 annual meeting, COPT Defense Properties shareholders approved an amendment raising the shares reserved under its 2017 Omnibus Equity and Incentive Plan by 3,500,000 to 6,900,000. Shareholders also elected nine trustees, approved executive pay in an advisory vote, and ratified PricewaterhouseCoopers LLP as auditor.
Plan amendment approved with 95,887,499 votes for and 5,695,266 against, increasing reserved shares by 3,500,000 to 6,900,000
Advisory vote on named executive officer compensation: 98,471,427 for and 3,125,440 against
PricewaterhouseCoopers LLP ratified as independent registered public accounting firm: 98,979,403 for and 5,707,404 against
All nine trustee nominees received more votes for than against, each for a one-year term
COPT Defense Properties reported first-quarter 2024 results on April 25, 2024, in an earnings release furnished as Exhibit 99.1. Total revenues rose to $193.3 million from $167.5 million a year earlier, and FFO per share rose to $0.62 from $0.59, but diluted EPS fell to $0.29 from $0.70 because the year-earlier quarter included a $49.4 million gain on sales of real estate.
Total revenues were $193.3 million for the quarter ended March 31, 2024, up from $167.5 million in the first quarter of 2023.
Diluted FFO per share (Nareit) was $0.62, compared with $0.59 a year earlier.
Diluted EPS was $0.29, compared with $0.30 in the fourth quarter of 2023 and $0.70 in the first quarter of 2023.
Same Property cash NOI rose 6.1% year over year to $91.6 million; the total portfolio was 93.6% occupied and the Defense/IT Portfolio was 96.8% leased.
COPT Defense Properties reported fourth-quarter and full-year 2023 results for the period ended December 31, 2023, in an earnings release furnished as Exhibit 99.1 to a Form 8-K filed February 8, 2024. Fourth-quarter FFO per diluted share was $0.62, up from $0.60 a year earlier, while diluted EPS of $0.30 fell from $0.45, and the full year showed a net loss of $74.3 million after a third-quarter impairment charge of $252.8 million. Shareholders get a mixed picture: higher FFO alongside lower quarterly EPS and a full-year net loss.
Q4 2023 net income was $34.8 million, compared with a $221.2 million net loss in Q3 2023 and $52.1 million in Q4 2022.
Q4 2023 diluted EPS was $0.30, down from $0.45 in Q4 2022; diluted FFO per share was $0.62, up from $0.60.
Q4 2023 total revenues were $179.7 million, up from $175.2 million in Q4 2022.
Full-year 2023 net loss was $74.3 million versus net income of $178.8 million in 2022; full-year diluted FFO per share was $2.41 versus $2.35.
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