COPT Defense Properties has released its presentation for the Nareit REITWeek 2025 Investor Conference, highlighting strong first-quarter results for 2025. The company reported an adjusted FFO per share of $0.65, marking a 4.8% year-over-year growth and aligning with the midpoint of guidance. The same property cash net operating income increased by 7.1%. The Defense/IT portfolio showed a 4.1% increase in cash NOI, with occupancy and lease rates at 95.3% and 96.6%, respectively. The overall same property portfolio maintained occupancy and lease rates above 94% and 95% for consecutive quarters. COPT also achieved excellent leasing results, on track to meet or exceed its annual target of 400,000 square feet, with a total Defense/IT retention rate of 75%. You can access the full presentation through the link below.
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