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CDP (COPT Defense Properties) Earnings Yield (Joel Greenblatt) % : 4.12% (As of Mar. 2025)


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What is COPT Defense Properties Earnings Yield (Joel Greenblatt) %?

COPT Defense Properties's Enterprise Value for the quarter that ended in Mar. 2025 was $5,585.9 Mil. COPT Defense Properties's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was $230.2 Mil. COPT Defense Properties's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 4.12%.

The historical rank and industry rank for COPT Defense Properties's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

CDP' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.88   Med: 3.24   Max: 7.1
Current: 4.14

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of COPT Defense Properties was 7.10%. The lowest was -0.88%. And the median was 3.24%.

CDP's Earnings Yield (Joel Greenblatt) % is ranked better than
59.37% of 987 companies
in the REITs industry
Industry Median: 3.16 vs CDP: 4.14

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. COPT Defense Properties's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 was 1.05%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


COPT Defense Properties Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for COPT Defense Properties's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

COPT Defense Properties Earnings Yield (Joel Greenblatt) % Chart

COPT Defense Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.62 4.03 -0.02 3.83

COPT Defense Properties Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.85 -0.67 3.85 3.83 4.12

Competitive Comparison of COPT Defense Properties's Earnings Yield (Joel Greenblatt) %

For the REIT - Office subindustry, COPT Defense Properties's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


COPT Defense Properties's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, COPT Defense Properties's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where COPT Defense Properties's Earnings Yield (Joel Greenblatt) % falls into.


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COPT Defense Properties Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

COPT Defense Propertiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=228.003/5958.35285
=3.83 %

COPT Defense Properties's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $230.2 Mil.



COPT Defense Properties  (NYSE:CDP) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


COPT Defense Properties Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of COPT Defense Properties's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


COPT Defense Properties Business Description

Industry
Traded in Other Exchanges
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Its properties include 195 operating properties totaling approximately 22.4 million square feet comprised of 16.5 million square feet in 164 office properties and 5.9 million square feet in 31 single-tenant data center shells.
Executives
Matthew T Myers officer: SVP-CAO & Controller 6711 COLUMBIA GATEWAY DR, SUITE 300, COLUMBIA MD 21046
Stephen E Budorick officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Robert L Denton director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Lisa G Trimberger director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Steven D Kesler director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Essye B. Miller director 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Greg J Thor officer: SVP--CAO & Controller C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
C Taylor Pickett director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
David M Jacobstein director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Raymond Lee Owens director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 30097
Todd W. Hartman officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE SUITE 300, COLUMBIA MD 21046
Letitia A Long director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Philip L Hawkins director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Paul R Adkins officer: Executive Vice President &COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Karen M Singer officer: VP, General Counsel & Sec