COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) ("COPT Defense†or the "Company†) announced the 2025 tax treatment of its common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT Defense common share distributions. Please note that the common share distributions with a record date of December 31, 2025, and payment date of January 15, 2026, are allocated to 2025 for income tax purposes. About ...

Financial Performance - The company reported FFOPS, as adjusted for comparability, of $0.65, representing a 4.8% year-over-year growth[10] - Same Property cash NOI increased by 7.1%, or 4.3% excluding real estate tax refunds[10] - The company updated its FY 2025 FFOPS guidance to a midpoint of $2.66, implying 3.5% year-over-year growth[13, 69] - The company can fund $250–$275 million of development/acquisition investment on a leverage neutral basis[36, 64] Portfolio Metrics - The Defense/IT Portfolio was 95.3% occupied and 96.6% leased[10, 46] - Same Property portfolio was 94.1% occupied and 95.2% leased[10] - Total leasing activity reached 647,000 SF, including 120,000 SF of vacancy leasing[10] - The company expects to renew approximately 95% of large leases (>50,000 SF) expiring through year-end 2026[54] Market and Growth Factors - The DOD's Base Budget grew at a compound annual rate of 4.8% from FY 2017 to FY 2024[22] - The company has an active development pipeline of $308 million (756,000 SF), which is 62% leased[32, 77]