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

COPT Defense Q1 FFO per share rose to $0.62; GAAP EPS fell to $0.29 from $0.70

Mixed Impact 3 of 5 earnings Written later

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.

Key points

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.

The filing

CompanyCOPT Defense Properties (CDP)

Form8-K, current report

Filed with the SECApr 25, 2024, 4:24 PM ET

Accession number0000860546-24-000035

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing 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 April 25, 2024.

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