CDP (COPT Defense Properties) Interest Expense : $-83.8 Mil (TTM As of Dec. 2024)

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What is COPT Defense Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. COPT Defense Properties's interest expense for the three months ended in Dec. 2024 was $ -22.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-83.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. COPT Defense Properties's Operating Income for the three months ended in Dec. 2024 was $ 54.3 Mil. COPT Defense Properties's Interest Expense for the three months ended in Dec. 2024 was $ -22.0 Mil. COPT Defense Properties's Interest Coverage for the quarter that ended in Dec. 2024 was 2.47. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

COPT Defense Properties Interest Expense Historical Data

The historical data trend for COPT Defense Properties's Interest Expense 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 Interest Expense Chart

COPT Defense Properties Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-67.94

-65.40

-61.17

-72.46

-83.77

COPT Defense Properties Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-21.70	-20.77	-20.62	-20.38	-22.01

COPT Defense Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-83.8 Mil.

COPT Defense Properties (NYSE:CDP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

COPT Defense Properties's Interest Expense for the three months ended in Dec. 2024 was $-22.0 Mil. Its Operating Income for the three months ended in Dec. 2024 was $54.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $2,366.0 Mil.

COPT Defense Properties's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	54.286	/	-22.013
	=	2.47

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. COPT Defense Properties interest coverage is 2.55, which is low.

COPT Defense Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » COPT Defense Properties (NYSE:CDP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CDP:Mexico WX7:Germany

Address

6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046

Website

https://www.copt.com

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