Every material Form 8-K COPT Defense Properties filed with the SEC in 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every COPT Defense Properties filing is on SEC EDGAR ↗. 8-K briefs of other companies →