COPT Defense (CDP) Tops Q4 FFO and Revenue Estimates

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.7 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to FFO of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +2.94%. A quarter ago, it was expected that this real estate investment trust specializing in suburban office properties would post FFO of $0.68 per share when it actually produced FFO of $0.69, delivering a su ...