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COPT Defense Declares Third Quarter 2024 Common Dividend

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COPT Defense Properties (NYSE: CDP) has declared a quarterly dividend of $0.295 per common share for Q3 2024, payable on October 17, 2024, to shareholders of record on September 30, 2024. This represents an annualized dividend of $1.18 per share. COPT Defense is an S&P MidCap 400 Company and a self-managed REIT focused on properties near or containing key U.S. Government defense installations and missions. As of June 30, 2024, the company's Defense/IT Portfolio comprised 193 properties, including 24 owned through unconsolidated joint ventures, totaling 22.0 million square feet with a 96.7% occupancy rate. The company's tenants primarily include the U.S. Government and defense contractors engaged in national security activities.

COPT Defense Properties (NYSE: CDP) ha dichiarato un dividendo trimestrale di $0,295 per azione comune per il terzo trimestre del 2024, che sarà pagato il 17 ottobre 2024 agli azionisti registrati al 30 settembre 2024. Questo rappresenta un dividendo annualizzato di $1,18 per azione. COPT Defense è una società S&P MidCap 400 e un REIT gestito autonomamente, focalizzato su proprietà situate vicino a importanti installazioni e missioni di difesa del governo degli Stati Uniti. Al 30 giugno 2024, il Portafoglio Difesa/IT dell'azienda comprendeva 193 proprietà, tra cui 24 possedute tramite joint venture non consolidate, per un totale di 22,0 milioni di piedi quadrati con un tasso di occupazione del 96,7%. I principali inquilini dell'azienda includono il governo degli Stati Uniti e appaltatori della difesa impegnati in attività di sicurezza nazionale.

COPT Defense Properties (NYSE: CDP) ha declarado un dividendo trimestral de $0.295 por acción común para el tercer trimestre de 2024, pagadero el 17 de octubre de 2024, a los accionistas registrados al 30 de septiembre de 2024. Esto representa un dividendo anualizado de $1.18 por acción. COPT Defense es una empresa S&P MidCap 400 y un REIT autogestionado enfocado en propiedades cercanas o que contienen instalaciones y misiones clave del gobierno de EE. UU. Para el 30 de junio de 2024, el Portafolio de Defensa/TI de la empresa constaba de 193 propiedades, incluidas 24 en propiedad a través de joint ventures no consolidadas, totalizando 22.0 millones de pies cuadrados con una tasa de ocupación del 96.7%. Los inquilinos de la empresa incluyen principalmente al gobierno de EE. UU. y contratistas de defensa involucrados en actividades de seguridad nacional.

COPT Defense Properties (NYSE: CDP)는 2024년 3분기 보통주 1주당 $0.295의 분기 배당금을 선언하였으며, 2024년 10월 17일에 지급될 예정이고, 2024년 9월 30일 기준 주주에게 지급됩니다. 이는 주당 연간 배당금 $1.18에 해당합니다. COPT Defense는 S&P MidCap 400 기업이자, 미국 정부의 주요 방위 시설 및 임무 근처에 위치한 자산에 집중하는 자산 관리형 REIT입니다. 2024년 6월 30일 기준으로 회사의 방어/IT 포트폴리오는 193개의 자산으로 구성되어 있으며, 이 중 24개는 비통합 합작투자를 통해 소유되고 있으며, 총 2200만 평방피트와 96.7%의 점유율을 기록하고 있습니다. 회사의 세입자는 주로 미국 정부와 국가 보안 활동에 참여하는 방위 계약자들이 포함됩니다.

COPT Defense Properties (NYSE: CDP) a déclaré un dividende trimestriel de 0,295 $ par action ordinaire pour le troisième trimestre 2024, payable le 17 octobre 2024, aux actionnaires enregistrés au 30 septembre 2024. Cela représente un dividende annualisé de 1,18 $ par action. COPT Defense est une entreprise S&P MidCap 400 et un REIT autogéré axé sur des propriétés situées à proximité ou contenant des installations et des missions de défense clés du gouvernement américain. Au 30 juin 2024, le portefeuille Défense/TI de l'entreprise comprenait 193 propriétés, dont 24 détenues par le biais de coentreprises non consolidées, totalisant 22,0 millions de pieds carrés avec un taux d'occupation de 96,7 %. Les principaux locataires de l'entreprise incluent principalement le gouvernement américain et des entrepreneurs en défense engagés dans des activités de sécurité nationale.

COPT Defense Properties (NYSE: CDP) hat eine vierteljährliche Dividende von $0,295 pro Stammaktie für das 3. Quartal 2024 erklärt, zahlbar am 17. Oktober 2024 an Aktionäre, die am 30. September 2024 im Aktienregister stehen. Dies entspricht einer annualisierten Dividende von $1,18 pro Aktie. COPT Defense ist ein S&P MidCap 400 Unternehmen und ein selbstverwalteter REIT, der sich auf Immobilien in der Nähe oder mit wichtigen Verteidigungsinstallationen und -missionen der US-Regierung konzentriert. Zum 30. Juni 2024 umfasste das Defense/IT-Portfolio des Unternehmens 193 Immobilien, darunter 24, die durch nicht konsolidierte Joint Ventures gehalten werden, mit einer Gesamtfläche von 22,0 Millionen Quadratfuß und einer Belegungsrate von 96,7%. Die Hauptmieter des Unternehmens sind hauptsächlich die US-Regierung und Verteidigungsauftragnehmer, die sich mit nationalen Sicherheitsaktivitäten befassen.

Positive
  • Declared a quarterly dividend of $0.295 per share, indicating stable cash flow
  • High occupancy rate of 96.7% in the Defense/IT Portfolio
  • Large portfolio of 193 properties totaling 22.0 million square feet
  • Strong tenant base including U.S. Government and defense contractors
Negative
  • None.

COLUMBIA, Md.--(BUSINESS WIRE)-- COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the third quarter ending September 30, 2024. The third quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on October 17, 2024, to shareholders of record on September 30, 2024.

About COPT Defense

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (“USG”) defense installations and missions (referred to as its Defense/IT Portfolio). The Company’s tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of June 30, 2024, the Company’s Defense/IT Portfolio of 193 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.0 million square feet and was 96.7% leased.

Forward-Looking Information

This press release may contain “forward-looking” statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company’s current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as “may,” “will,” “should,” “could,” “believe,” “anticipate,” “expect,” “estimate,” “plan” or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements.

The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

Source: COPT Defense Properties

IR Contacts:

Venkat Kommineni, CFA

443.285.5587

venkat.kommineni@copt.com

Michelle Layne

443.285.5452

michelle.layne@copt.com

Source: COPT Defense Properties

FAQ

What is COPT Defense Properties' (CDP) dividend for Q3 2024?

COPT Defense Properties (CDP) declared a quarterly dividend of $0.295 per common share for Q3 2024, representing an annualized dividend of $1.18 per share.

When is COPT Defense Properties' (CDP) Q3 2024 dividend payable?

The Q3 2024 dividend is payable on October 17, 2024, to shareholders of record on September 30, 2024.

What is the occupancy rate of COPT Defense Properties' (CDP) portfolio as of June 30, 2024?

As of June 30, 2024, COPT Defense Properties' (CDP) Defense/IT Portfolio had an occupancy rate of 96.7%.

How many properties does COPT Defense Properties (CDP) own in its Defense/IT Portfolio?

COPT Defense Properties (CDP) owns 193 properties in its Defense/IT Portfolio, including 24 owned through unconsolidated joint ventures, totaling 22.0 million square feet.

COPT Defense Properties

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