COPT Defense Properties reports Q4 FFO 62c, consensus 61c

At December 31, 2023, the company’s 23.9 million square foot Total Portfolio was 94.2% occupied and 95.3% leased, which includes the 21.7 million square foot Defense/IT Portfolio that was 96.2% occupied and 97.2% leased. During the quarter and year ended December 31, 2023, the company placed into service 379,000 and 848,000 square feet, respectively, of developments that were 100% and 98% leased, respectively, as of year end.