← COPT DEFENSE PROPERTIES
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $574.3m |
$612.8m
+6.70%
|
$60.9m
-90.07%
|
$113.8m
+86.93%
|
$70.6m
-37.91%
|
$107.9m
+52.71%
|
$154.6m
+43.34%
|
$685.0m
+342.98%
|
$753.3m
+9.97%
|
$763.9m
+1.41%
|
$776.7m
+1.67%
|
|
| Gains (Losses) on Sales of Investment Real Estate | $7.2m | $9.9m | $2.3m | — | $30.2m | $65.6m | $19.2m | $49.4m | $0 | $3.4m | — | |
| Cost of Revenue | $45.5m |
$99.6m
+119.03%
|
$58.3m
-41.45%
|
$110.0m
+88.53%
|
$67.6m
-38.51%
|
$104.1m
+53.89%
|
— | — | — | — | $494.3m | |
| Gross Profit (Calculated) | $528.8m |
$513.2m
-2.96%
|
$2.5m
-99.51%
|
$3.8m
+50.06%
|
$3.0m
-20.42%
|
$3.8m
+26.38%
|
— | — | — | — | — | |
| Selling, General and Administrative Expense | $36.6m | $30.8m | $28.9m | $35.4m | $33.0m | $36.1m | $35.8m | $42.8m | $47.0m | $47.8m | $48.3m | |
| Amortization of Intangible Assets | $20.0m | $19.3m | $15.6m | $8.7m | $8.0m | $4.7m | $4.6m | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $522.5m | $536.1m | $553.7m | $580.2m | $619.8m | $671.4m | $714.2m | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $52.4m |
$135.8m
+159.18%
|
— | — | — | — | — | — | — | — | $234.1m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | ($53.2m) | $0 | $0 | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | $12.6m | $12.7m | $10.7m | — | |
| Income (Loss) from Equity Method Investments | $1.3m | $2.9m | $2.7m | $1.6m | $1.8m | $1.1m | $1.7m | ($261k) | $397k | $2.8m | — | |
| Interest Expense (non-operating) | $83.2m | $77.0m | $75.4m | $71.1m | $67.9m | $65.4m | $61.2m | $71.1m | $82.2m | $86.7m | $88.7m | |
| Income Tax Expense (Benefit) | $244k | $1.1m | ($363k) | ($217k) | $353k | $145k | $447k | $588k | $288k | $947k | $968k | |
| Net Income (Loss) Attributable to Parent | $11.4m |
$70.1m
+512.74%
|
$72.3m
+3.15%
|
$191.7m
+165.13%
|
$97.4m
-49.20%
|
$76.5m
-21.39%
|
$173.0m
+126.06%
|
($74.3m)
-142.97%
|
$138.9m
+286.87%
|
$152.3m
+9.64%
|
$156.1m
+2.49%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($2.9m) |
$57.0m
+2083.48%
|
$72.3m
+26.79%
|
$191.0m
+164.22%
|
$96.9m
-49.25%
|
$76.5m
-21.05%
|
$173.0m
+126.06%
|
($74.3m)
-142.97%
|
$138.9m
+286.87%
|
$151.7m
+9.19%
|
$156.1m
+2.91%
|
|
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $11.4m | $70.1m | $72.3m | $191.7m | $97.4m | $72.8m | $143.4m | ($74.7m) | $138.4m | $152.3m | $156.1m | |
| Preferred Stock Dividends, Income Statement Impact | $14.3m | $6.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | ($0.03) | $0.57 | $0.69 | $1.72 | $0.87 | $0.68 | $1.54 | ($0.67) | $1.23 | $1.35 | $1.45 | |
| Earnings Per Share, Diluted | ($0.03) | $0.57 | $0.69 | $1.71 | $0.87 | $0.68 | $1.53 | ($0.67) | $1.23 | $1.34 | $1.44 | |
| Income (Loss) from Continuing Operations, Per Basic Share | ($0) | $1 | $1 | $2 | $1 | $1 | $1 | ($1) | $1 | $1 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($0) | $1 | $1 | $2 | $1 | $1 | $1 | ($1) | $1 | $1 | — | |
| Common Stock, Dividends, Per Share, Declared | $1.10 | $1.10 | $1.10 | $1.10 | $1.10 | $1.10 | $1.10 | $1.14 | $1.18 | $1.22 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 94.5m | 99.0m | 103.9m | 111.2m | 111.8m | 112.0m | 112.1m | 112.2m | 112.3m | 112.5m | 112.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 94.5m | 99.2m | 104.1m | 111.6m | 112.1m | 112.4m | 112.6m | 112.2m | 112.9m | 113.3m | 114.0m | |
| Additional Financial Items | ||||||||||||
| Direct Costs of Leased and Rented Property or Equipment | $197.5m | $191.0m | $201.0m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $11.4m | $70.1m | $1 | $2 | $1 | $78.2m | $149.2m | $1 | $1 | $1 | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($25.3m) | $66.4m | $78.6m | $200.0m | $1 | $78.2m | $149.2m | ($74.3m) | $143.9m | $1 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | $1 | $2 | $1 | $3.4m | $29.6m | $0 | $0 | $1 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | $0 | $1 | $2 | $1 | $1 | $2 | $1 | $1 | $1 | — |