Filing Flows › Copt Defense Properties (CDP) › Q3 2026
Copt Defense Properties (CDP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Copt Defense Properties (CDP) reported revenue of $209M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +6% from the quarter before. Operating margin was 30.3%, net earnings $47.5M (22.8% of revenue).
Copt Defense Properties, Q3 2026: revenue $209M (+11% year over year), operating margin 30.3%, net earnings $47.5M, operating cash flow $86.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +6% | +11% |
| Operating profit | $63.3M | 0% | +9% |
| Net earnings | $47.5M | +3% | +14% |
| Operating cash flow | $86.4M | -5% | +26% |
| Free cash flow | $47.8M | +9% | +54% |
What changed
Revenue was $208.8M in Q3 2026, up 11% year over year and up 6% from the previous quarter.
Operating profit was $63.3M, a 30.3% margin (down 0.3 points year over year). Of the extra revenue versus Q3 2025, 27% reached operating profit, below the 31% margin then. Total costs grew 11% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $47.5M, up 14% year over year. The effective tax rate was 0.2%.
Operating cash flow was $86.4M (up 26% year over year), 173% of net income including minority interests. Non-cash charges added back $43.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $10.3M. Capital expenditures of $38.5M left free cash flow of $47.8M.
Questions
What was Copt Defense Properties' revenue in the third quarter 2026?
Copt Defense Properties (CDP) reported revenue of $209M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +6% from the quarter before.
Was Copt Defense Properties profitable in the third quarter 2026?
Operating profit was $63.3M (30.3% of revenue) and net earnings $47.5M.