COPT DEFENSE PROPERTIES (CDP)

Quarterly Report Filed: 2026-05-06

Key Insights

COPT Defense Properties filed Q1 2026 10-Q on May 6, 2026, covering the period ending March 31, 2026, indicating continued operations in the specialized defense real estate market with focus on government and defense IT properties.
The filing contains multiple variable interest entities (LW Redstone Company LLC, Stevens Investors LLC, M Square Associates LLC) and unconsolidated real estate joint ventures (Redshift JV, BREIT COPT DC JV, Quark JV, and others), suggesting a diversified investment portfolio with significant partnership structures.
The company maintains various secured debt instruments including fixed-rate mortgages and variable-rate debt across consolidated and unconsolidated properties, with specific focus on Defense IT portfolio properties and land controlled for development, particularly in the Greater Washington DC/Baltimore region.

Insider Trading Filed: 2026-04-30

Key Insights

Director Robert L. Denton redeemed 1,000 common units of COPT Defense Properties L.P. on 04/29/2026, electing to receive cash rather than convert to common shares, based on the 10-day average closing price of approximately $32.22 per unit.
The redemption represents a reduction in the insider's partnership interest and suggests the reporting person prioritized liquidity over equity ownership retention during this period.
Following the transaction, Denton maintains 143,264 common shares of beneficial interest, indicating he retains a meaningful ownership stake despite the partial redemption of his partnership units.

Current Report Filed: 2026-04-27

Key Insights

COPT Defense Properties released Q1 2026 earnings results on April 27, 2026, indicating the company continues to report financial performance for its defense property portfolio.
The 8-K filing is a routine earnings announcement with supplemental property and operational information, suggesting standard quarterly disclosure practices without material corporate events or changes.
As a real estate investment trust (REIT) focused on defense properties, the company's continued quarterly reporting reflects stable operations in the specialized defense contractor real estate market.
The filing was executed by Anthony Mifsud as Executive Vice President and CFO, indicating normal management continuity with no leadership changes disclosed.

Insider Trading Filed: 2026-03-04

Key Insights

The reporting person, Robert L. Denton, who is a director of COPT Defense Properties (CDP), redeemed 2,000 common units of limited partnership interest (Common Units) in the company's operating partnership for cash.
The redemption of the Common Units suggests that the reporting person may have liquidated a portion of their position in the company, potentially for personal or investment reasons.
The transaction was executed at the 10-day average closing price of the company's common shares on the New York Stock Exchange, indicating a fair market value was used for the redemption.

Insider Trading Filed: 2026-03-03

Key Insights

The reporting person, Stephen E. Budorick, is the President and CEO of COPT Defense Properties (CDP), indicating his significant role in the company's management.
Budorick acquired 61,114 Profit Interest Units in CDP, which can be converted into common shares or OP Units, representing an increase in his beneficial ownership of the company.
The Profit Interest Units will vest over a three-year period, aligning Budorick's incentives with the long-term performance of the company.

Insider Trading Filed: 2026-03-03

Key Insights

The reporting person, Matthew T. Myers, is an SVP-CAO & Controller at COPT Defense Properties, indicating an insider transaction.
Myers acquired 2,390 common shares of COPT Defense Properties on March 1, 2026, likely as part of his compensation.
Myers also disposed of a total of 950 common shares through multiple transactions on the same day, potentially for tax or liquidity purposes.

Insider Trading Filed: 2026-03-03

Key Insights

The reporting person, Anthony Mifsud, acquired 8,149 common shares of COPT Defense Properties (CDP) as part of his compensation as Executive Vice President and CFO.
The reporting person also received 8,149 Profit Interest Units (PIUs) under the company's 2017 Omnibus Equity and Incentive Plan, which will vest over a three-year period.
The insider acquisition of common shares and PIUs suggests the reporting person has confidence in the company's future performance and aligns their interests with shareholders.

Insider Trading Filed: 2026-03-03

Key Insights

The reporting person, Britt A. Snider, acquired 11,203 common shares and 3,734 profit interest units in COPT Defense Properties, indicating potential confidence in the company's outlook.
The profit interest units will vest over a three-year period, suggesting a long-term commitment by the reporting person to the company's success.
The reported transaction represents a direct purchase of the company's securities, which can be seen as a positive signal to investors regarding the reporting person's beliefs about the company's future performance.

Insider Trading Filed: 2026-02-24

Key Insights

COPT DEFENSE PROPERTIES (CDP) director Philip L. Hawkins sold 5,536 shares of the company's common stock on February 23, 2026 at a weighted average price of $32.7132.
Hawkins continues to directly hold 15,188 shares of CDP after the reported transaction, indicating he still maintains a significant stake in the company.
Insider selling can sometimes signal that the insider believes the stock is overvalued or that they need to raise cash for personal reasons, though a single transaction does not necessarily imply a negative outlook.

Annual Report Filed: 2026-02-20

Key Insights

The company's defense IT portfolio appears to be a key focus, with operating properties, properties under development, and land controlled for development segments related to this area.
The company acquired several properties in 2024 and 2025, which may indicate growth and expansion of the business.
The company's financial statements show a mix of equity accounts, including common stock, additional paid-in capital, accumulated distributions in excess of net income, and accumulated other comprehensive income, suggesting a complex capital structure.

Insider Trading Filed: 2026-02-11

Key Insights

The reporting person, Robert L. Denton, redeemed 2,000 common units of limited partnership interest (Common Units) of COPT Defense Properties, L.P., for cash based on the 10-day average closing price of the issuer's common shares.
This transaction suggests that Denton, who is a director of the issuer, may be reducing his stake in the company, potentially for personal reasons or portfolio rebalancing.
The conversion of the Common Units into cash indicates the issuer's flexibility in managing its capital structure and providing liquidity to its unit holders.

Insider Trading Filed: 2026-02-06

Key Insights

Stephen E. Budorick, the President and CEO of COPT Defense Properties, acquired 179,704 Profit Interest Units in the company on February 5, 2026. This suggests he is bullish on the company's prospects and is increasing his stake.
The Profit Interest Units acquired by Budorick will convert into common shares of COPT Defense Properties on a one-for-one basis, indicating he is directly increasing his economic interest in the company.
Budorick's position as both a Director and the President/CEO of COPT Defense Properties gives him significant influence over the company's strategic direction, so his increased ownership is an important signal to investors.

Insider Trading Filed: 2026-02-06

Key Insights

The reporting person, Anthony Mifsud, acquired 55,217 profit interest units in COPT Defense Properties, which will convert to common shares upon vesting and equalization of the capital account.
The acquisition of the profit interest units indicates that the reporting person, who is the EVP and CFO, has increased their beneficial ownership in the company.
The profit interest units were granted under the company's 2017 Omnibus Equity and Incentive Plan, suggesting an alignment of the reporting person's interests with those of the company and its shareholders.

Current Report Filed: 2026-02-05

Key Insights

COPT Defense Properties reported its financial results for the period ended December 31, 2025, providing investors with updated information on the company's performance.
The company did not indicate any material agreements, leadership changes, or earnings surprises in the 8-K filing, suggesting a routine update.
Investors should review the earnings release and supplemental information for more detailed financial and operational data to assess the company's current position and outlook.

Current Report Filed: 2026-02-04

Key Insights

COPT Defense Properties has updated the Executive Change in Control and Severance Plan, establishing new 5-year participation periods for the CEO, COO, and CFO.
The severance multiples and continuation coverage periods for the executives have been revised, potentially providing greater financial protection in the event of termination.
The plan updates supersede previous agreements and may indicate a focus on retaining key leadership during a potential change in control event.

Insider Trading Filed: 2025-12-29

Key Insights

The reporting person, Robert L. Denton, redeemed 500 common units of COPT Defense Properties, L.P., which were converted into cash based on the 10-day average closing price of the issuer's common shares.
Denton, who serves as a director of the issuer, continues to hold a substantial position of 148,264 common units, suggesting ongoing confidence in the company.
The redemption of a portion of Denton's holdings does not appear to be a significant event and may simply be a personal liquidity decision rather than a shift in his investment strategy.

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Important Information