← 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
Total Revenue $574.3m $612.8m $60.9m $113.8m $70.6m $107.9m $154.6m $60.2m $75.5m $42.1m
Revenues:
Cost of Revenue $485.4m $446.1m $58.3m $110.0m $67.6m $104.1m $116.0m $45.1m $56.7m $31.6m
Gross Profit (Calculated) (derived) $89.0m $166.7m $2.5m $3.8m $3.0m $3.8m $38.7m $15.0m $18.9m $10.5m
Operating expenses:
Operating Income (Loss) $52.4m $135.8m — — — — — — — —
Additional Financial Items
Income (Loss) from Equity Method Investments $1.3m $2.9m $2.7m $1.6m $1.8m $1.1m $1.7m ($261k) $397k $2.8m
Operating Lease, Lease Income — — — $522.5m $536.1m $553.7m $580.2m $619.8m $671.4m $714.2m
Amortization of Intangible Assets $20.0m $19.3m $15.6m $8.7m $8.0m $4.7m $4.6m — — —
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
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
Preferred Stock Dividends, Income Statement Impact $14.3m $6.2m $0 $0 — — — — — —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — ($53.2m) $0 $0 — — —
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
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
Net Income (Loss) Attributable to Parent $11.4m $70.1m $72.3m $191.7m $97.4m $76.5m $173.0m ($74.3m) $138.9m $152.3m
Net Income (Loss) Available to Common Stockholders, Basic ($2.9m) $57.0m $72.3m $191.0m $96.9m $76.5m $173.0m ($74.3m) $138.9m $151.7m
Earnings Per Share, Basic ($0.03) $0.57 $0.69 $1.72 $0.87 $0.68 $1.54 ($0.67) $1.23 $1.35
Earnings Per Share, Diluted ($0.03) $0.57 $0.69 $1.71 $0.87 $0.68 $1.53 ($0.67) $1.23 $1.34
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
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
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
Other Nonoperating Income (Expense) — — — — — — — $12.6m $12.7m $10.7m
Interest Expense (non-operating) — — — — — — — — $82.2m $86.7m
Direct Costs of Leased and Rented Property or Equipment $197.5m $191.0m $201.0m — — — — — — —
Interest Expense $83.2m $77.0m $75.4m $71.1m $67.9m $65.4m $61.2m $71.1m $82.2m $86.7m
Income Tax Expense (Benefit) $244k $1.1m ($363k) ($217k) $353k $145k $447k $588k $288k $947k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.