COPT Defense Properties Financial Ratios — CDP Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	-12.65	0.01	6.68	2	12.63	1.12	4.54	4.8	11.74	5.83	4.66	10.47	-4.64	9.33	10.13
Return on Assets (%)	-3.1	0.56	2.57	1.1	4.71	0.78	1.86	1.99	5.1	2.46	1.84	4.06	-1.73	3.27	3.4
Return on Capital (%)	- -	2.76	4.59	3.55	7.04	- -	4.04	- -	- -	4.29	3.5	5.71	- -	5.44	5.47
Return on Invested Capital (%)	- -	3.57	4.07	3.83	4	- -	4.34	- -	- -	4.31	4.31	4.53	- -	5.32	5.45
Gross Margin (%)	30.42	33.53	35.17	29.05	30.1	34.58	30.68	31.42	31.28	33.9	31.53	29.82	33.76	34.56	36.42
EBITDA Margin (%)	50.74	50.61	51.12	46.3	45.66	50.26	46.91	49.46	47.51	51.67	48.06	43.98	49.62	49.03	51.58
Operating Margin (%)	23.03	26.12	28.23	22.68	22.92	26.78	24.63	25.41	24.8	27.63	25.39	24.55	27.51	28.32	30.16
Incremental Operating Margin (%)	415.1	126.71	98.67	-23.35	26.56	-20.37	-7.38	11.71	14.44	-31.01	9.5	17.05	-13.04	36.41	159.96
Pretax Margin (%)	-17.43	1.64	7.42	5.94	19.33	-4.47	12.41	13.54	31.89	17.34	11.79	20.26	-10.77	19.15	21.01
Profit Margin (%)	-24.23	4.13	17.9	6.86	28.51	5.23	11.22	12.51	31.33	16.72	11.52	23.41	-10.73	18.44	19.94
Net Income to Common Margin (%)	-27.49	0.03	14.09	4.15	26.23	2.63	10.2	12.39	31.33	16.72	11.52	23.41	-10.73	18.44	19.94
Effective Tax Rate (%)	- -	4.56	5.1	0.89	0.16	- -	1.44	- -	- -	0.35	0.19	0.3	- -	0.2	0.59
Dvd Payout Ratio (%)	-110.82	-646.81	383.93	412.92	88.55	-278.28	149.84	134.75	60.22	116.27	148.37	79.75	-169.06	88.51	81.92
Sustainable Growth Rate (%)	-26.67	0.1	-18.96	-6.27	1.45	4.24	-2.26	-1.67	4.67	-0.95	-2.25	2.12	-12.49	1.07	1.83

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2,426	2,019	1,928	1,914	2,078	1,904	1,844	1,824	1,848	2,118	2,302	2,261	2,450	2,441	2,813
ST Debt	662	- -	- -	83	44	- -	126	213	177	143	76	211	75	75	150
LT Debt	1,764	2,019	1,928	1,831	2,034	1,904	1,718	1,611	1,671	1,975	2,226	2,050	2,375	2,366	2,663
Total Debt/EBITDA	9.7	7.85	7.21	7.05	7.27	6.6	6.42	6.38	6.36	7.04	7.21	6.96	7.21	6.61	7.14
Net Debt/EBITDA	9.68	7.81	7	7.03	7.06	5.87	6.32	6.35	6.25	6.87	7.07	6.83	6.62	6.37	6.33
Total Debt/EBIT	21.38	15.21	13.05	14.39	14.49	12.38	12.22	12.42	12.18	13.16	13.64	12.46	13	11.44	12.21
Net Debt/EBIT	21.33	15.13	12.68	14.34	14.07	11.02	12.03	12.36	11.97	12.86	13.39	12.23	11.93	11.03	10.82
EBITDA to Interest Expense	3	3.21	3.49	3.1	3.38	3.67	3.73	3.79	4.09	4.43	4.88	5.31	4.78	4.41	4.62
EBITDA-CapEx/Interest Expense	-0.83	3.21	3.49	3.1	3.38	3.67	3.73	3.79	4.09	4.43	4.88	5.31	4.78	4.41	4.62
EBIT to Interest Expense	1.36	1.66	1.93	1.52	1.69	1.96	1.96	1.95	2.14	2.37	2.58	2.97	2.65	2.55	2.7
Interest Expense	83	80	77	88	85	79	77	75	71	68	65	61	71	84	85
Common Equity/Total Assets	23.71	28.23	32.41	34.18	34.42	35.72	39	43.36	43.56	40.74	38.07	39.5	34.94	35.1	32.22
Long-Term Debt/Equity (%)	145.23	139.56	127.24	118.95	124.36	117.7	115.2	97.44	95.58	114.86	132.17	117.27	153.5	151.61	167.72
Long-Term Debt/Capital (%)	48.46	58.26	55.99	53.02	54.78	54.07	51.51	46.33	46.47	51.47	55.84	51.13	59.42	59.13	60.51
Long-Term Debt/Total Assets (%)	45.67	55.26	53.11	49.97	52.04	50.36	47.79	44.06	43.36	48.43	52.22	48.14	55.93	55.62	56.63
Total Debt/Equity (%)	199.73	139.56	127.24	124.34	127.02	117.7	123.65	110.32	105.71	123.18	136.68	129.34	158.35	156.42	177.17
Total Debt/Capital (%)	66.64	58.26	55.99	55.43	55.95	54.07	55.29	52.45	51.39	55.19	57.75	56.4	61.29	61	63.92
Total Debt/Total Assets (%)	62.8	55.26	53.11	52.24	53.15	50.36	51.3	49.89	47.96	51.94	54	53.1	57.69	57.38	59.83
Net Debt to Equity	199.27	138.83	123.65	123.95	123.33	104.73	121.77	109.83	103.87	120.32	134.15	126.99	145.31	150.81	157.01
Net Debt/Capital (%)	66.59	58.13	55.29	55.35	55.22	51.15	54.65	52.34	50.7	54.17	56.87	55.54	58.71	59.38	60.42
EBITDA	250	257	268	272	286	289	287	286	291	301	319	325	340	369	394
EBITDA-CapEx	-70	257	268	272	286	289	287	286	291	301	319	325	340	369	394
Operating Income (Loss)	114	133	148	133	143	154	151	147	152	161	169	181	188	213	230

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.01	0.06	0.32	0.02	0.27	1.15	0.04	0.02	0.04	0.05	0.04	0.03	0.55	0.12	0.66
Current Ratio	0.35	1.99	1.5	0.82	1.67	2.82	0.86	0.56	0.59	1.23	1.39	1.19	1.73	1.26	1.64
Quick Ratio	0.14	0.9	1.32	0.66	1.09	2.12	0.63	0.48	0.53	0.61	0.73	0.6	1.47	0.99	1.39
CFO/Avg Current Liab	0.3	0.38	0.95	0.86	0.81	1.16	0.95	0.53	0.59	0.63	0.72	0.68	0.74	1.07	0.85
Common Equity/Total Assets	23.71	28.23	32.41	34.18	34.42	35.72	39	43.36	43.56	40.74	38.07	39.5	34.94	35.1	32.22
Long-Term Debt/Equity (%)	145.23	139.56	127.24	118.95	124.36	117.7	115.2	97.44	95.58	114.86	132.17	117.27	153.5	151.61	167.72
Long-Term Debt/Capital (%)	48.46	58.26	55.99	53.02	54.78	54.07	51.51	46.33	46.47	51.47	55.84	51.13	59.42	59.13	60.51
Long-Term Debt/Total Assets (%)	45.67	55.26	53.11	49.97	52.04	50.36	47.79	44.06	43.36	48.43	52.22	48.14	55.93	55.62	56.63
Total Debt/Equity (%)	199.73	139.56	127.24	124.34	127.02	117.7	123.65	110.32	105.71	123.18	136.68	129.34	158.35	156.42	177.17
Total Debt/Capital (%)	66.64	58.26	55.99	55.43	55.95	54.07	55.29	52.45	51.39	55.19	57.75	56.4	61.29	61	63.92
Total Debt/Total Assets (%)	62.8	55.26	53.11	52.24	53.15	50.36	51.3	49.89	47.96	51.94	54	53.1	57.69	57.38	59.83
CFO/Total Liabilities	5.74	8.69	7.52	9.12	8.97	10.83	10.94	9.01	10.85	10.11	9.66	10.59	10.23	12.29	9.95
CFO/CapEx	0.48	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.2	0.63	0.65	0.74	0.64	0.96	0.83	0.61	0.89	0.76	0.77	0.77	0.68	0.81	0.7

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	7.48	4.72	4.78	4.83	4.79	4.43	5.04	4.94	5.12	4.54	4.69	4.65	3.74	3.75	3.47
Days Sales Outstanding	48.8	77.41	76.4	75.64	76.23	82.4	72.42	73.91	71.23	80.44	77.78	78.57	97.69	97.36	105.06
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	3.51	3.49	3.45	3.75	4.07	3.75	3.92	3.95	3.48	2.64	2.77	3.01	3.12	3.8	3.56
Accounts Payable Turnover Days	103.97	104.62	105.81	97.29	89.66	97.36	93.15	92.52	104.88	138.19	131.94	121.12	117.17	96.02	102.66
Cash Conversion Cycle	-55.16	-27.21	-29.4	-21.66	-13.43	-14.96	-20.73	-18.6	-33.64	-57.76	-54.16	-42.55	-19.48	1.34	2.4
Inventory to Cash Days	48.8	77.41	76.4	75.64	76.23	82.4	72.42	73.91	71.23	80.44	77.78	78.57	97.69	97.36	105.06
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,531	2,022	2,070	2,646	2,064	3,075	2,958	2,318	3,293	2,926	3,142	2,916	2,885	3,488	3,147
- Cash & Cash Equivalents	6	11	54	6	60	210	12	8	15	18	13	12	168	38	275
+ Preferred Equity and Hybrid Capital	216	334	249	199	199	172	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	82	81	89	88	91	95	89	68	70	58	61	66	63	67	73
+ Total Debt	2,426	2,019	1,928	1,914	2,078	1,904	1,844	1,824	1,848	2,118	2,302	2,261	2,450	2,441	2,813
Enterprise Value	4,250	4,446	4,282	4,841	4,371	5,036	4,879	4,202	5,196	5,083	5,491	5,230	5,231	5,958	5,758
Total Capital	3,641	3,466	3,443	3,453	3,714	3,522	3,336	3,477	3,597	3,837	3,986	4,008	3,998	4,002	4,401
Total Debt/Capital (%)	66.64	58.26	55.99	55.43	55.95	54.07	55.29	52.45	51.39	55.19	57.75	56.4	61.29	61	63.92
Total Debt / EV	0.57	0.45	0.45	0.4	0.48	0.38	0.38	0.43	0.36	0.42	0.42	0.43	0.47	0.41	0.49
EV/Sales	8.62	8.75	8.18	8.25	6.99	8.77	7.96	7.27	8.49	8.73	8.26	7.08	7.64	7.91	7.54
EV/EBITDA	16.99	17.29	16.01	17.83	15.31	17.45	16.97	14.69	17.88	16.89	17.2	16.09	15.39	16.13	14.61
EV/EBIT	37.45	33.49	28.98	36.39	30.49	32.75	32.32	28.61	34.24	31.59	32.55	28.83	27.75	27.93	24.99
EV/Cash Flow to Firm	18.56	16.57	18.49	17.24	15.15	16.06	15.94	16.4	17.34	16.6	17.46	16	15.03	14.37	14.59
EV/Free Cash Flow to Firm	7.75	16.57	18.49	17.24	15.15	16.06	15.94	16.4	17.34	16.6	17.46	16	15.03	14.37	14.59
Diluted Market Cap	1,475	1,835	2,019	2,504	2,132	2,950	2,895	2,190	3,279	2,923	3,135	2,921	2,875	3,494	3,150
Diluted Enterprise Value	4,195	4,259	4,231	4,699	4,440	4,912	4,817	4,073	5,183	5,080	5,484	5,236	5,221	5,964	5,761
EV per Share	59.03	54.92	49	51.91	46.24	51.13	48.17	38.12	46.36	45.31	48.89	46.52	46.47	52.87	50.86
TTM Sales	493	508	523	586	625	574	613	578	612	582	664	739	685	753	764
TTM EBITDA	250	257	268	272	286	289	287	286	291	301	319	325	340	369	394
TTM Operating Income	114	133	148	133	143	154	151	147	152	161	169	181	188	213	230
TTM Cash Flow to Firm	229	268	232	281	288	314	306	256	300	306	314	327	348	415	395
TTM Free Cash Flow to Firm	549	268	232	281	288	314	306	256	300	306	314	327	348	415	395

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	3.13	9.56	12.7	12.91	10.45	12.59	12.58	12.13	14.35	12.26	12.58	10.99	10.41	10.56	10.16
EV/EBIT	37.45	33.49	28.98	36.39	30.49	32.75	32.32	28.61	34.24	31.59	32.55	28.83	27.75	27.93	24.99
Enterprise Value	4,250	4,446	4,282	4,841	4,371	5,036	4,879	4,202	5,196	5,083	5,491	5,230	5,231	5,958	5,758
Low Price	19.35	20.58	21.48	23.55	20.13	19.52	28.88	20.04	20.49	15.23	24.64	22.22	21.59	22.2	23.92
EV/Sales	8.62	8.75	8.18	8.25	6.99	8.77	7.96	7.27	8.49	8.73	8.26	7.08	7.64	7.91	7.54
EV/EBITDA	16.99	17.29	16.01	17.83	15.31	17.45	16.97	14.69	17.88	16.89	17.2	16.09	15.39	16.13	14.61
Price/Earnings	- -	13,796.1	27.36	102.78	12.49	195.44	46.22	30.51	17.04	29.94	40.85	16.8	- -	25.02	20.54
Price/Earnings Average	-15.14	12,975.91	29.48	98.31	14.42	168.19	52.01	39.65	16.06	29.34	40.35	17.13	-37.62	21.99	20.85
Price/Earnings High	-18.89	14,425.7	34.59	106.66	17.71	197.25	57.03	44.99	17.56	35.1	44.56	19.2	-43.81	27.66	23.08
Price/Earnings Low	-9.91	11,366.04	24.81	85.32	11.52	122.2	45.71	29.08	11.89	17.48	35.99	14.39	-32.97	17.94	17.67
Price/Book Value	1.67	1.96	1.76	2.11	1.53	2.28	2.11	1.46	1.96	1.76	1.94	1.73	1.94	2.34	2.08
Price/Book Value Average	2.32	1.84	1.9	2.02	1.77	1.96	2.37	1.9	1.85	1.73	1.91	1.77	1.87	2.05	2.11
Price/Book Value High	2.9	2.05	2.22	2.19	2.17	2.3	2.6	2.16	2.02	2.06	2.11	1.98	2.18	2.58	2.33
Price/Book Value Low	1.52	1.61	1.6	1.75	1.41	1.42	2.09	1.39	1.37	1.03	1.71	1.49	1.64	1.68	1.79
Price/Tangible Book Value	1.85	2.12	1.85	2.19	1.65	2.42	2.2	1.5	1.99	1.78	1.95	1.74	1.94	2.34	2.08
Price/Tangible Book Value Average	2.58	1.99	2	2.09	1.91	2.08	2.48	1.95	1.88	1.75	1.93	1.78	1.87	2.05	2.11
Price/Tangible Book Value High	3.21	2.21	2.34	2.27	2.35	2.44	2.72	2.22	2.05	2.09	2.13	1.99	2.18	2.58	2.33
Price/Tangible Book Value Low	1.69	1.74	1.68	1.82	1.53	1.51	2.18	1.43	1.39	1.04	1.72	1.49	1.64	1.68	1.79
Price/Sales	2.99	3.61	3.86	4.26	3.28	5.14	4.72	3.78	5.34	5.01	4.71	3.93	4.2	4.61	4.09
Price/Sales Average	4.16	3.4	4.15	4.08	3.78	4.42	5.31	4.91	5.03	4.91	4.65	4.01	4.03	4.05	4.16
Price/Sales High	5.19	3.78	4.87	4.42	4.65	5.18	5.82	5.58	5.5	5.87	5.13	4.49	4.7	5.1	4.6
Price/Sales Low	2.72	2.97	3.5	3.54	3.02	3.21	4.66	3.6	3.72	2.92	4.15	3.37	3.54	3.31	3.52
Price/Cash Flow	9.7	9.56	12.69	12.89	10.05	12.59	12.56	12.11	14.29	12.23	12.55	10.94	10.41	10.5	10.09
Price/Cash Flow Average	13.49	9	13.67	12.33	11.6	10.84	14.13	15.74	13.47	11.98	12.4	11.15	10	9.23	10.24
Price/Cash Flow High	16.83	10	16.04	13.38	14.24	12.71	15.5	17.86	14.73	14.33	13.69	12.5	11.65	11.61	11.34
Price/Cash Flow Low	8.82	7.88	11.51	10.7	9.27	7.87	12.42	11.54	9.97	7.14	11.06	9.37	8.77	7.53	8.68
Price/Free Cash Flow Average	4.35	9	13.68	12.35	12.06	10.84	14.16	15.77	13.52	12.01	12.43	11.21	10	9.28	10.32
Price/Free Cash Flow High	5.43	10	16.06	13.4	14.81	12.71	15.52	17.89	14.79	14.37	13.72	12.56	11.65	11.67	11.42
Price/Free Cash Flow Low	2.85	7.88	11.51	10.72	9.64	7.87	12.44	11.56	10.01	7.16	11.08	9.41	8.77	7.57	8.74
EV/Sales Average	9.84	8.51	8.49	8.06	7.5	8.02	8.57	8.47	8.18	8.63	8.21	7.16	7.47	7.35	7.6
EV/Sales High	10.91	8.93	9.23	8.42	8.37	8.82	9.09	9.17	8.66	9.59	8.69	7.64	8.14	8.4	8.05
EV/Sales Low	8.34	8.05	7.81	7.49	6.73	6.76	7.91	7.08	6.86	6.64	7.7	6.51	6.97	6.6	6.96
EV/EBITDA Average	19.39	16.82	16.6	17.4	16.42	15.96	18.26	17.12	17.22	16.69	17.08	16.27	15.06	14.99	14.73
EV/EBITDA High	21.5	17.65	18.05	18.2	18.32	17.55	19.38	18.54	18.22	18.57	18.09	17.37	16.4	17.13	15.6
EV/EBITDA Low	16.44	15.9	15.28	16.17	14.74	13.45	16.86	14.31	14.45	12.85	16.02	14.81	14.05	13.46	13.5
EV/EBIT Average	42.72	32.59	30.06	35.52	32.7	29.96	34.77	33.33	32.99	31.22	32.33	29.15	27.16	25.95	25.2
EV/EBIT High	47.37	34.19	32.68	37.14	36.49	32.93	36.9	36.1	34.9	34.72	34.24	31.12	29.58	29.66	26.69
EV/EBIT Low	36.23	30.81	27.67	33.01	29.37	25.25	32.1	27.86	27.67	24.03	30.33	26.53	25.34	23.31	23.09
Last Price	21.26	24.98	23.69	28.37	21.83	31.22	29.2	21.03	29.38	26.08	27.97	25.94	25.63	30.95	27.8
High Price	36.9	26.12	29.95	29.44	30.94	31.51	36.03	31.01	30.28	30.57	30.51	29.64	28.69	34.22	31.24
Enterprise Value Average	4,849	4,326	4,442	4,726	4,689	4,608	5,249	4,896	5,006	5,024	5,453	5,288	5,119	5,536	5,806
Enterprise Value High	5,377	4,538	4,829	4,940	5,233	5,065	5,571	5,302	5,297	5,587	5,777	5,646	5,575	6,327	6,147
Enterprise Value Low	4,113	4,090	4,089	4,391	4,211	3,884	4,847	4,093	4,200	3,866	5,117	4,812	4,776	4,972	5,319

Shares Outstanding	72	81	87	93	95	98	101	110	112	112	112	112	113	113	113
Diluted Weighted Avg Shares	69	73	85	88	98	95	99	104	112	112	112	113	112	113	113
Basic Weighted Avg Shares	69	73	85	88	94	95	99	104	111	112	112	112	112	112	113
Revenue per Share	7.1	6.92	6.15	6.66	6.66	6.08	6.19	5.56	5.5	5.21	5.94	6.59	6.11	6.71	6.79
EBITDA per Share	3.6	3.5	3.14	3.08	3.04	3.05	2.9	2.75	2.61	2.69	2.86	2.9	3.03	3.29	3.5
Operating Income per Share	1.64	1.81	1.74	1.51	1.53	1.63	1.53	1.41	1.36	1.44	1.51	1.62	1.68	1.9	2.05
Basic EPS, GAAP	-1.95	- -	0.87	0.28	1.75	0.16	0.63	0.69	1.72	0.87	0.68	1.54	-0.65	1.24	1.35
Basic EPS from Cont Ops	-1.14	0.11	0.43	0.39	1.28	-0.27	0.76	0.76	1.76	0.9	0.7	1.33	-0.66	1.28	1.42
Diluted EPS, GAAP	-1.95	- -	0.87	0.28	1.68	0.16	0.63	0.69	1.72	0.87	0.68	1.54	-0.65	1.23	1.34
Diluted EPS from Cont Ops	-1.14	0.11	0.43	0.39	1.24	-0.27	0.76	0.76	1.75	0.9	0.7	1.33	-0.66	1.27	1.41
Dividend per Share	1.88	1.47	1.35	1.28	1.25	1.25	1.2	1.1	1.1	1.1	1.11	1.1	1.13	1.17	1.21
Cash Flow per Share	2.19	2.61	1.87	2.2	2.17	2.48	2.33	1.74	2.06	2.13	2.23	2.37	2.46	2.95	2.75
Free Cash Flow per Basic Share	-2.41	2.61	1.87	2.2	2.17	2.48	2.33	1.74	2.06	2.13	2.23	2.37	2.46	2.95	2.75
Cash & Equivalents per Share	0.08	0.13	0.62	0.07	0.64	2.13	0.12	0.07	0.13	0.16	0.12	0.11	1.49	0.34	2.43
Book Value per Share	12.72	12.74	13.46	13.43	14.23	13.71	13.84	14.38	14.98	14.81	14.45	14.96	13.18	13.25	13.38
Tangible Book Value per Share	11.48	11.81	12.78	12.96	13.19	12.92	13.26	13.99	14.74	14.64	14.32	14.87	13.18	13.25	13.38

COPT Defense Properties

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)