COPT Defense to Present at Nareit’s REITweek: 2024 Investor Conference

Rhea-AI Summary

COPT Defense Properties (NYSE: CDP) announced that its President and CEO, Stephen E. Budorick, will present at Nareit’s REITweek: 2024 Investor Conference on June 5, 2024. The session, including a Q&A, will take place at 10:15 a.m. Eastern Time at the New York Hilton Midtown. A live audio webcast and materials will be available on the COPT Investors website.

COPT Defense focuses on owning, operating, and developing properties near key U.S. Government defense installations. The company’s tenants include the U.S. Government and defense contractors engaged in national security activities, requiring high-security property enhancements. As of March 31, 2024, COPT’s Defense/IT Portfolio comprised 193 properties (22.0 million square feet) with a 96.8% leasing rate.

Positive

• Presentation by President and CEO Stephen E. Budorick at a major investor conference could boost visibility and investor interest.
• High leasing rate of 96.8% across 22.0 million square feet of property indicates strong demand and stable revenue.
• Focus on national security-related tenants provides a stable and potentially growing tenant base.

Negative

• No new financial or operational updates were provided in the press release.
• Dependence on U.S. Government and defense contractors can be risky due to potential changes in government budgets and priorities.

COLUMBIA, Md.--(BUSINESS WIRE)-- COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit’s REITweek: 2024 Investor Conference. The presentation will be held on June 5, 2024 at 10:15 a.m. Eastern Time at the New York Hilton Midtown in New York, NY.

A live audio webcast of the presentation and accompanying materials will be available in the ‘News & Events – IR Calendar’ section of COPT’s Investors website:

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

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/20240529525059/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

What event will COPT Defense participate in on June 5, 2024?

COPT Defense will participate in Nareit’s REITweek: 2024 Investor Conference on June 5, 2024.

Who will represent COPT Defense at the Nareit’s REITweek: 2024 Investor Conference?

Stephen E. Budorick, President and CEO of COPT Defense, will represent the company.

What is the focus of COPT Defense Properties?

COPT Defense focuses on owning, operating, and developing properties near U.S. Government defense installations and missions.

What is the leasing rate of COPT Defense's Defense/IT Portfolio as of March 31, 2024?

The leasing rate of COPT Defense's Defense/IT Portfolio is 96.8% as of March 31, 2024.

Where can the live audio webcast of COPT Defense's presentation be accessed?

The live audio webcast can be accessed on the COPT Investors website in the ‘News & Events – IR Calendar’ section.