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

COPT Defense Q3 2024 FFO rises to $0.65 per share; net income $37.4 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCOPT Defense Properties (CDP)
Form8-K, current report
Filed with the SECOct 28, 2024, 4:25 PM ET
Accession number0000860546-24-000058

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 October 28, 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.