COPT Defense Properties filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 4, 2026, reporting consolidated financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Net income for nine months: $138,492 thousand for the nine months ended September 30, 2026, compared with $120,138 thousand for the same period in 2025, according to the filing.
  • Q3 net income: $49,794 thousand for the three months ended September 30, 2026, up from $43,744 thousand in Q3 2025.
  • Diluted EPS (nine months): $1.15 per common share for the nine months ended September 30, 2026, compared with $1.01 for the same period in 2025.
  • Total revenues (nine months): $606,788 thousand for the nine months ended September 30, 2026, versus $566,566 thousand for the nine months ended September 30, 2025.
  • Total assets: $4,573,242 thousand as of September 30, 2026, down from $4,701,790 thousand at December 31, 2025.
  • Debt, net: $2,579,733 thousand at September 30, 2026, compared with $2,767,834 thousand at December 31, 2025.
  • Shares outstanding: 113,418,773 common shares as of October 22, 2026, as reported on the filing's cover page.

COPT Defense Properties Financial Results: Third Quarter and Nine Months Ended September 30, 2026

COPT Defense Properties (NYSE:CDP), a Maryland real estate investment trust headquartered in Columbia, MD, disclosed consolidated results for the period ended September 30, 2026 in its quarterly report. According to the filing, total revenues for the nine months ended September 30, 2026 reached $606,788 thousand, driven primarily by lease revenue of $575,259 thousand, compared with $529,178 thousand in lease revenue for the nine months ended September 30, 2025. For the three months ended September 30, 2026, total revenues were $208,759 thousand, up from $188,795 thousand in the prior-year quarter.

The filing reported net income attributable to common shareholders of $132,734 thousand for the nine months ended September 30, 2026, compared with $114,814 thousand for the nine months ended September 30, 2025. For the third quarter alone, net income attributable to common shareholders was $47,741 thousand, versus $41,727 thousand in Q3 2025. Basic earnings per common share for the nine-month period were $1.17, and diluted earnings per common share were $1.15, the filing stated, compared with $1.02 basic and $1.01 diluted for the nine months ended September 30, 2025.

On the balance sheet, the company reported total assets of $4,573,242 thousand as of September 30, 2026, with total properties, net of $3,861,398 thousand, including $360,172 thousand in projects in development or held for future development. Total shareholders' equity stood at $1,543,114 thousand as of September 30, 2026, compared with $1,514,775 thousand at December 31, 2025. The company also reported a gain on sales of real estate of $14,697 thousand for the nine months ended September 30, 2026, versus $3,318 thousand in the comparable prior-year period, according to the filing. Interest expense for the nine-month period was $72,879 thousand, compared with $62,336 thousand for the nine months ended September 30, 2025.

What Was Disclosed

COPT Defense Properties filed its quarterly report covering the period ended September 30, 2026, disclosing consolidated income statements, balance sheets, statements of comprehensive income, and statements of equity, along with notes to the unaudited financial statements and management's discussion and analysis.