COPT Defense Properties (CDP) reported Q1 adjusted funds from operations late Monday of $0.65 per diluted share, up from $0.62 a year earlier.
Analysts surveyed by FactSet expected $0.67.
Total revenue in the three months ended March 31 fell to $187.9 million from $193.3 million a year earlier.
The company expects Q2 adjusted FFO of $0.65 to $0.67 a share. Analysts polled by FactSet expect $0.67.
The company projects 2025 adjusted FFO of $2.63 to $2.69 a share compared with $2.62 to $2.70 previously. Analysts polled by FactSet expect $2.66.
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