COPT Defense Properties

COPT Defense Properties is a real estate investment trust (REIT) primarily focused on owning, operating, and developing mission-critical facilities that support key U.S. Government defense installations and defense contractors. Headquartered in Columbia, Maryland, the company's mission is to create value for its shareholders by strategically allocating capital to high-tech Defense/IT locations and fostering growth through both internal appreciation and low-risk development initiatives.

The company's portfolio consists of office buildings and single-tenant data centers, providing secure and high-tech spaces for its tenants. COPT Defense Properties primarily leases to the U.S. government, including the General Services Administration, and various defense contractors. As of March 31, 2026, its Defense/IT Portfolio comprised 201 properties, encompassing 23.2 million square feet, with a 96.4% leased rate.

Formerly known as Corporate Office Properties Trust, the company rebranded to COPT Defense Properties in September 2023 to better align its name with its specialized focus on defense and mission-critical real estate. Led by CEO and President Stephen E. Budorick, COPT Defense Properties is an S&P MidCap 400 Company. The company reported strong first-quarter 2026 results, surpassing guidance and raising its full-year outlook, marking its 33rd consecutive quarter of meeting or exceeding expectations, driven by robust defense spending. In February 2026, it increased its annual dividend by 4.9%, its fourth consecutive yearly raise.