CDPCOPT DEFENSE PROPERTIES
Real Estate Investment Trusts
- Revenue
- $42M
- 44% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $2.6B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear318% of net incomeCash flow under 80% of net income
- Dilutive SBCFired28% of revenueOver 10% of revenue
- Payouts exceed cash flowClear45% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $108M | $155M | $60M | $76M | $42M | 44% |
| Operating cash flow | $249M | $266M | $276M | $331M | $310M | 6.4% |
| Stock-based comp | $8M | $9M | $9M | $10M | $12M | 12% |
| Dividends | $124M | $124M | $127M | $132M | $137M | 3.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $181K · 1
- Net
- −$181K
Pay vs performance
No pay-versus-performance disclosure yet.