CDP Profile
COPT Defense Properties, a real estate investment trust (REIT), specializes in owning, managing, leasing, developing, and selectively acquiring office and data center properties. The company's strategic focus is on locations that support the United States Government and its contractors, particularly those engaged in national security, defense, and information technology (IT) activities. These properties are integral to supporting what COPT identifies as critical and expanding national missions. Additionally, COPT owns a portfolio of office properties situated in key urban submarkets within the Greater Washington, DC/Baltimore region, characterized by durable Class-A office attributes.
As of June 30, 2023, COPT derived 90% of its core portfolio's annualized rental revenue from its Defense/IT Locations, underscoring its significant presence in this sector. The remaining 10% of revenue stemmed from its Regional Office Properties, reflecting a diversified income stream. Including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio comprised 192 properties spanning 22.9 million square feet, with a robust occupancy rate of 95% as of the same date.
COPT Defense Properties continues to expand its portfolio strategically, focusing on properties that align with national security priorities and IT infrastructure needs. The company's commitment to maintaining high-quality, well-leased properties reinforces its position as a trusted partner for government and defense-related tenants. With a track record of operational excellence and a strong market presence, COPT remains poised to capitalize on opportunities in the dynamic real estate landscape, supporting both national defense initiatives and regional office market demands.
Headquartered in the United States, COPT Defense Properties leverages its specialized expertise and extensive network to deliver value to its shareholders while contributing to the operational success and security infrastructure of its tenants.
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