COPT Defense Properties

Frequently Asked Questions About CDP

What does CDP invest in?

COPT is a Real Estate Investment Trust (REIT) that focuses on the ownership, management, leasing, development, and strategic acquisition of office and data center assets. The majority of its portfolio is dedicated to serving the United States Government and its contractors, particularly those engaged in national security, defense, and information technology (IT) operations, which the company identifies as growing, resilient, and high-priority missions. Furthermore, COPT maintains a collection of Class-A office properties located in select urban submarkets across the greater Washington, DC/Baltimore metropolitan area, distinguished by strong market characteristics. As of June 30, 2023, 90% of COPT's core portfolio's annual rental income originated from its Defense/IT locations, while the remaining 10% came from its Regional Office properties. On the same date, COPT's core portfolio, including 24 properties held via unconsolidated joint ventures, comprised 192 properties spanning 22.9 million square feet and maintained a 95% occupancy rate.

What is the expense ratio of CDP?

An expense ratio for COPT Defense Properties (CDP) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is CDP?

COPT Defense Properties (CDP) manages $4.26B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CDP actively managed or an index fund?

CDP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CDP launched?

COPT Defense Properties (CDP) launched in December 1991 and is managed by the fund issuer.

How has CDP performed?

CDP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.