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AI brief of an SEC Form 8-K · COPT Defense Properties (CDP)

COPT Defense Q4 net income $34.8 million; FFO per share $0.62 vs $0.60 a year earlier

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCOPT Defense Properties (CDP)
Form8-K, current report
Filed with the SECFeb 8, 2024, 4:35 PM ET
Accession number0000860546-24-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 08, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.