Company Performance - COPT Defense (CDP) reported quarterly funds from operations (FFO) of $0.65 per share, missing the Zacks Consensus Estimate of $0.66 per share, but showing an increase from $0.62 per share a year ago [1] - The quarterly report indicates an FFO surprise of -1.52%, while the previous quarter had a positive surprise of 1.56% with an actual FFO of $0.65 against an expected $0.64 [2] - The company posted revenues of $183.43 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.90% and increasing from $179.73 million year-over-year [3] Market Outlook - COPT Defense shares have declined approximately 5.7% since the beginning of the year, contrasting with the S&P 500's gain of 3.1% [4] - The current consensus FFO estimate for the upcoming quarter is $0.66 on revenues of $181.92 million, and for the current fiscal year, it is $2.67 on revenues of $741.17 million [8] - The estimate revisions trend for COPT Defense is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] Industry Context - The REIT and Equity Trust - Other industry, to which COPT Defense belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Another company in the same industry, Gladstone Land (LAND), is expected to report a quarterly earnings decline of 26.7% year-over-year, with revenues anticipated to drop 17.2% from the previous year [10][11]
COPT Defense (CDP) Q4 FFO Miss Estimates