COPT DEFENSE PROPERTIESCDP

Market cap

$3.4B

P/E ratio

	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	Dec 31, 2024
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	3,353
Development in Process	643	639	565	512	545	429	402	403	403	568	447	442	297	257	277
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	3,631
Operating Lease, Right-of-Use Asset	-	-	-	-	-	-	-	-	-	-	41	38	37	41	56
Cash and cash equivalents	10	6	11	54	6	60	210	12	8	15	18	13	12	168	38
Investment in unconsolidated real estate joint ventures	-	-	-	-	-	-	26	25	40	52	29	40	21	41	39
Accounts receivable, net	19	26	19	27	27	29	34	32	26	35	42	41	43	49	42
Deferred rent receivable	79	87	86	89	96	105	90	87	89	88	93	109	125	149	161
Incentive to Lessee	-	-	-	-	-	-	-	-	-	-	-	-	50	61	64
Deferred Costs, Leasing, Net	-	-	-	-	-	54	41	48	50	58	59	66	69	70	71
Financing Receivable, after Allowance for Credit Loss	-	-	-	-	-	-	-	-	-	-	69	82	85	82	70
Prepaid Expense and Other Assets	94	88	77	54	60	60	73	67	86	96	105	131	87	82	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	4,254
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	2,392
Accounts payable and accrued expenses	100	96	98	99	123	92	109	108	93	149	143	186	158	133	126
Advance Rent and Security Deposit Liability	-	-	-	-	-	-	-	-	-	34	33	32	30	35	39
Dividends Payable	-	-	-	29	30	30	31	29	31	31	31	31	31	33	34
Deferred Revenue	-	-	-	-	-	-	-	-	-	-	-	9	11	29	40
Property - operating lease liabilities	-	-	-	-	-	-	-	-	-	17	31	29	29	34	49
Other liabilities	13	10	9	14	12	14	49	42	15	11	12	14	19	19	14
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	2,694
Redeemable noncontrolling interests	-	-	10	18	18	19	23	23	26	29	25	27	26	24	24
Common Stock, Value, Issued	1	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	2,494
Cumulative distributions in excess of net income	282	532	617	642	717	657	765	818	847	778	810	857	808	1,009	1,003
Accumulated other comprehensive income	-4	-2	-5	3	-1	-3	-2	2	-0	-25	-9	-3	2	2	1
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	1,537
Noncontrolling Interest in Operating Partnerships	69	55	52	53	52	52	49	44	19	20	20	21	26	26	29
Other consolidated entities	-	-	-	-	-	-	14	12	14	12	12	13	14	14	15
Noncontrolling interests in subsidiaries	97	83	71	72	69	72	72	66	42	40	33	34	40	40	44
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	1,537
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	4,254