COPT Defense (CDP) Q4 FFO and Revenues Beat Estimates

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.64%. A quarter ago, it was expected that this real estate investment trust specializing in suburban office properties would post FFO of $0.60 per share when it actually produced FFO of $0.60, delivering no s ...