COPT Defense (CDP) Surpasses Q3 FFO and Revenue Estimates

Core Insights - COPT Defense (CDP) reported quarterly funds from operations (FFO) of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.68 per share and up from $0.65 per share a year ago [1][2] - The company achieved revenues of $188.8 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.30% [3] - COPT Defense has underperformed the market with a decline of approximately 11.2% year-to-date, compared to a 17.2% gain in the S&P 500 [4] Financial Performance - The FFO surprise for the quarter was +1.47%, and the company has surpassed consensus FFO estimates two times over the last four quarters [2] - The current consensus FFO estimate for the upcoming quarter is $0.67, with projected revenues of $191.5 million, and for the current fiscal year, the estimate is $2.67 on revenues of $757.51 million [8] Market Outlook - The estimate revisions trend for COPT Defense was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] - The REIT and Equity Trust - Other industry is currently ranked in the top 34% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [9]