COPT Defense: Q2 Earnings Snapshot
By AP News
Published - Jul 29, 2024, 07:08 PM ET
Last Updated - Jul 29, 2024, 07:08 PM EDT
COLUMBIA, Md. (AP) — COLUMBIA, Md. (AP) — COPT Defense Properties (CDP) on Monday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Columbia, Maryland, said it had funds from operations of $61.4 million, or 64 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 64 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
