The COPT Defense Properties shows a gross margin of 57.6%, an operating margin of 32.1%, an EBITDA margin of 54.7%, and a net margin of 21.2%. EBITDA margin improved the most, by 2.2 percentage points, while gross margin declined the most, by 0.1 percentage points.
Over the last 3 years, COPT Defense Properties's margins averaged 56.29% gross, 21.09% operating, 43.63% EBITDA, and 11.13% net. All four current margins are above their three-year averages.
The strongest improvement was in EBITDA margin, which increased by 2.2 percentage points, and operating margin also expanded by 1.5 percentage points and net margin also expanded by 1.2 percentage points, but gross margin contracted by 0.1 percentage points.
Across the last 3 years, COPT Defense Properties's gross margin stood at 56.29%. The current gross margin stands at 57.6%, 1.3 percentage points above its three-year average. Gross margin was highest at 58.1% in Jun 2026 and lowest at 54.3% in Sep 2024.
COPT Defense Properties recorded an average operating margin of 21.09% across the last 3 years. COPT Defense Properties currently reports an operating margin of 32.1%, 11 percentage points above its three-year average. The highest operating margin for COPT Defense Properties was 32.1% in Sep 2026, while the lowest was -8.3% in Mar 2024.
The average EBITDA margin for COPT Defense Properties was 43.63% across the past 3 years. Right now, COPT Defense Properties's current EBITDA margin is 54.7%, which is 11.1 percentage points above its three-year average. The EBITDA margin for COPT Defense Properties moved between 15.4% in Mar 2024 and 54.7% in Sep 2026.
Over the last 3 years, the average net margin for COPT Defense Properties was 11.13%. The latest net margin for COPT Defense Properties is 21.2%, 10.1 percentage points above its three-year average. COPT Defense Properties's net margin ranged from a low of -16.8% in Mar 2024 to a high of 21.2% in Sep 2026.
COPT Defense Properties's gross margin of 57.6% is below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 60.8%, COPT Defense Properties's gross margin is 5% lower.
As of Sep 30, 2026, CDP has a gross margin of 57.6%.
The current operating margin for CDP is 32.1% as of Sep 30, 2026.
For the period ending Sep 30, 2026, CDP recorded an EBITDA margin of 54.7%.
The current net margin for CDP is 21.2% as of Sep 30, 2026.
Looking back over 3 years, CDP recorded average margins of 56.3% gross, 21.1% operating, 43.6% EBITDA, and 11.1% net.
COPT Defense Properties's highest recorded margins during the past 5 years were 58.1% gross in Jun 2026, 36.3% operating in Jun 2023, 58.3% EBITDA in Jun 2023, and 27.4% net in Jun 2023.
Across the 5-year period, CDP posted its lowest margins at 47.4% gross in Sep 2022, -8.3% operating in Mar 2024, 15.4% EBITDA in Mar 2024, and -16.8% net in Mar 2024.