COPT Defense Properties Q2 net income beats estimates, raises FFO guidance
CDP•Guidance raised
The company raised its full-year diluted EPS guidance to $1.39-$1.43 from $1.24-$1.30.
COPT Defense Properties also lifted its 2026 FFO per share guidance to $2.76-$2.80 from the prior midpoint, and said it expects continued strong demand amid anticipated increases in U.S. defense spending.
Drivers of the quarter
The company cited strong demand for its properties, reflected in high occupancy and leasing activity.
Same-property cash NOI rose 7.4% year over year, supporting earnings growth, and increased capital commitments to new investments also contributed to performance.
Analyst coverage and valuation
The current average analyst rating on the shares is buy, with 5 strong buy or buy ratings, 3 hold ratings, and no sell or strong sell ratings.
The average consensus recommendation for the commercial REITs peer group is buy.
Wall Street's median 12-month price target for COPT Defense Properties is $37.00, about its July 24 closing price of .
