COPT Defense Provides Conference Call Details to Discuss 2Q 2024 Results

Rhea-AI Summary

COPT Defense Properties (NYSE: CDP) will release its second quarter 2024 results on Monday, July 29, 2024, after the market closes. Management will discuss the results in a conference call on Tuesday, July 30, 2024, at 12:00 p.m. Eastern. Participants must register to receive the dial-in number and personal pin. The conference call can also be accessed via a live webcast on the company's Investors website. A replay will be available shortly after the call ends.

COPT Defense, a self-managed REIT and S&P MidCap 400 company, focuses on owning and developing properties near key U.S. Government defense installations. As of March 31, 2024, the company's Defense/IT Portfolio included 193 properties with 22.0 million square feet, 96.8% of which were leased.

Positive

• High lease rate of 96.8% as of March 31, 2024.
• Large portfolio of 193 properties totaling 22.0 million square feet.

Negative

• None.

COLUMBIA, Md.--(BUSINESS WIRE)-- COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss second quarter 2024 results.

Details:

Results Release Date:		Monday, July 29, 2024 after the market closes
Conference Call Date:		Tuesday, July 30, 2024
Time:		12:00 p.m. Eastern

Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and after the call start time:

https://register.vevent.com/register/BI51bd912e5a264e098e9d8c72a60cdb2c

Participants can also listen to the conference call via a live webcast in the ‘News & Events – IR Calendar’ section of COPT Defense’s Investors website:

https://investors.copt.com/news-events/ir-calendar

A replay of the conference call will be immediately available via webcast only on COPT Defense’s Investors website.

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 March 31, 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 96.8% 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240703490414/en/

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

When will COPT Defense Properties release Q2 2024 results?

COPT Defense Properties will release Q2 2024 results on Monday, July 29, 2024, after the market closes.

When is the COPT Defense Properties Q2 2024 conference call?

The COPT Defense Properties Q2 2024 conference call will be held on Tuesday, July 30, 2024, at 12:00 p.m. Eastern.

How can I register for the COPT Defense Properties Q2 2024 conference call?

Participants can register for the conference call at this link: https://register.vevent.com/register/BI51bd912e5a264e098e9d8c72a60cdb2c.

Where can I access the COPT Defense Properties Q2 2024 conference call webcast?

You can access the webcast on COPT Defense's Investors website under the 'News & Events – IR Calendar' section.

Will a replay of the COPT Defense Properties Q2 2024 conference call be available?

Yes, a replay of the conference call will be available immediately via webcast on COPT Defense's Investors website.

What is the lease rate of COPT Defense's properties as of March 31, 2024?

As of March 31, 2024, COPT Defense's properties had a lease rate of 96.8%.

How many properties does COPT Defense own?

COPT Defense owns 193 properties as of March 31, 2024, including 24 owned through unconsolidated joint ventures.

What is the total square footage of COPT Defense's Defense/IT Portfolio?

COPT Defense's Defense/IT Portfolio encompasses 22.0 million square feet.