US-listed companies
COPT DEFENSE PROPERTIES

COPT DEFENSE PROPERTIESCDP

Market cap

$3.4B

P/E ratio

Income statement Balance sheet Cash flow

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Rental Properties	2,803	2,714	2,598	2,703	2,751	2,921	2,672	2,738	2,847	2,773	3,115	3,091	3,259	3,247
Development in Process	643	639	565	512	545	429	402	403	403	568	447	442	297	257
Total properties, net	3,445	3,353	3,163	3,214	3,297	3,350	3,073	3,141	3,251	3,341	3,563	3,533	3,556	3,504
Operating Lease, Right-of-Use Asset	-	-	-	-	-	-	-	-	-	-	41	38	37	41
Assets held for sale, net	-	117	140	-	14	97	95	42	-	-	-	193	161	-
Cash and cash equivalents	10	6	11	54	6	60	210	12	8	15	18	13	12	168
Investment in unconsolidated real estate joint ventures	-	-	-	-	-	-	26	25	40	52	29	40	21	41
Accounts receivable, net	19	26	19	27	27	29	34	32	26	35	42	41	43	49
Deferred rent receivable	79	87	86	89	96	105	90	87	89	88	93	109	125	149
Incentive to Lessee	-	-	-	-	-	-	-	-	-	-	-	-	50	61
Deferred Costs, Leasing, Net	-	-	-	-	-	54	41	48	50	58	59	66	69	70
Financing Receivable, after Allowance for Credit Loss	-	-	-	-	-	-	-	-	-	-	69	82	85	82
Intangible Assets, Net (Excluding Goodwill)	114	89	76	59	44	98	78	59	43	27	19	15	10	-
Prepaid Expense and Other Assets	94	88	77	54	60	60	73	67	86	96	105	131	87	82
Prepaid Expense and Other Assets	94	88	77	54	60	60	73	67	86	96	105	131	87	82
Total assets	3,845	3,868	3,654	3,630	3,670	3,909	3,781	3,578	3,656	3,854	4,077	4,262	4,257	4,247
Total assets	3,845	3,868	3,654	3,630	3,670	3,909	3,781	3,578	3,656	3,854	4,077	4,262	4,257	4,247
Debt, net	2,324	2,426	2,019	1,928	1,920	2,078	1,904	1,828	1,824	1,831	2,087	2,272	2,232	2,416
Accounts payable and accrued expenses	100	96	98	99	123	92	109	108	93	149	143	186	158	133
Advance Rent and Security Deposit Liability	32	30	28	31	31	37	30	26	30	34	33	32	30	35
Dividends Payable	-	-	-	29	30	30	31	29	31	31	31	31	31	33
Deferred Revenue	-	-	-	-	-	-	-	-	-	-	-	9	11	29
Property - operating lease liabilities	-	-	-	-	-	-	-	-	-	17	31	29	29	34
Other liabilities	13	10	9	14	12	14	49	42	15	11	12	14	19	19
Total liabilities	2,521	2,649	2,207	2,115	2,131	2,274	2,163	2,104	2,003	2,106	2,358	2,578	2,510	2,700
Redeemable noncontrolling interests	-	-	10	18	18	19	23	23	26	29	25	27	26	24
Common Stock, Value, Issued	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Additional paid-in capital	1,512	1,669	1,654	1,814	1,970	2,005	2,117	2,201	2,431	2,482	2,479	2,482	2,486	2,490
Cumulative distributions in excess of net income	282	532	617	642	717	657	765	818	847	778	810	857	808	1,009
Accumulated other comprehensive income	-4	-2	-5	3	-1	-3	-2	2	-0	-25	-9	-3	2	2
Total shareholders’ equity	1,323	1,218	1,436	1,497	1,521	1,617	1,595	1,452	1,627	1,719	1,694	1,657	1,721	1,524
Noncontrolling Interest in Operating Partnerships	69	55	52	53	52	52	49	44	19	20	20	21	26	26
Other consolidated entities	-	-	-	-	-	-	14	12	14	12	12	13	14	14
Noncontrolling interests in subsidiaries	97	83	71	72	69	72	72	66	42	40	33	34	40	40
Total equity	1,323	1,218	1,436	1,497	1,521	1,617	1,595	1,452	1,627	1,719	1,694	1,657	1,721	1,524
Total liabilities, redeemable noncontrolling interests and equity	3,845	3,868	3,654	3,630	3,670	3,909	3,781	3,578	3,656	3,854	4,077	4,262	4,257	4,247