COPT Defense Properties Common Shares of Beneficial Interest (CDP) Covered Calls

COPT Defense Properties is a leading real estate investment trust (REIT) specializing in mission-critical facilities for the U.S. Government and defense contractors. Headquartered in Columbia, Maryland, the company develops and manages high-security office and data center environments proximate to major defense installations. By providing secure, tech-enabled infrastructure, CDP supports vital national security, cybersecurity, and intelligence operations.

You can sell covered calls on COPT Defense Properties Common Shares of Beneficial Interest to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for CDP (prices last updated Tue 4:16 PM ET):

COPT Defense Properties Common Shares of Beneficial Interest (CDP) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
32.27 -0.37 31.09 32.83 1.1M 25 3.7
Covered Calls For COPT Defense Properties Common Shares of Beneficial Interest (CDP)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Mar 20 30 2.25 30.58 -1.9% -27.7%
Apr 17 30 0.55 32.28 -6.1% -42.0%
Subscribers get access to the full covered call chain, and more features.

Want to make money with covered calls?  Sign Up For A Free Trial

COPT Defense Properties (CDP) is a highly specialized REIT that operates at the intersection of real estate and national security. The company focuses on the Defense/IT sector, primarily owning properties adjacent to or containing key U.S. Government installations. Its "mission-critical" portfolio is designed to meet the rigorous security requirements of tenants engaged in cybersecurity, signals intelligence, and high-tech defense research. With a strategic concentration in the Greater Washington, D.C. area and other major defense hubs, CDP acts as a vital infrastructure provider for the U.S. defense apparatus.

By early 2026, the company has further solidified its "Defense-First" strategy, maintaining high occupancy rates through long-term leases with the U.S. Government and top-tier defense contractors. A major strategic focus in February 2026 involves the expansion of its Build-to-Suit pipeline, specifically targeting high-demand regions like San Antonio and Northern Virginia to support the surging demand for secure data processing and AI-driven military applications. Following a significant dividend increase in early 2026, CDP continues to prioritize capital recycling and development to fund growth, leveraging its unique position as the preferred landlord for sensitive compartmentalized information facilities (SCIFs).

Competitive Landscape

The competitive landscape for COPT Defense Properties consists of large-cap office REITs and specialized industrial real estate firms. Primary rivals that are publicly traded on the NYSE or NASDAQ and offer active options markets include Vornado Realty Trust and BXP, Inc.. While these firms are broader office specialists, they compete with CDP for high-value government and professional services tenants in the D.C. metro region.

Other notable competitors in the data center and government-oriented real estate sectors with active options trading include Digital Realty Trust, Inc. and Alexandria Real Estate Equities, Inc.. CDP distinguishes itself through its specific "security moat"; the specialized technical requirements and geographic proximity to secure installations create a high barrier to entry that traditional office REITs cannot easily replicate. This niche focus leads to higher tenant retention and more resilient cash flows compared to the general commercial office market.

Strategic Outlook

Strategic innovation is currently focused on the development of Hyperscale Defense Clouds, integrating advanced cooling and power redundancy for next-generation intelligence processing. By early 2026, the company has prioritized its Fort Meade/BW Corridor holdings, which remain the epicenter of the nation’s cybersecurity missions. These facilities are being upgraded with enhanced digital infrastructure to support the increasing power density required by modern defense technologies.

The long-term outlook involves a disciplined expansion into emerging defense-tech hubs while maintaining a robust investment-grade balance sheet. Management is prioritizing Tenant Retention strategies, leveraging their deep understanding of government procurement and mission cycles to ensure long-term stability. By continuing to align its portfolio with priority national security spending, COPT Defense Properties aims to deliver sustainable FFO growth and reliable income, serving as a resilient cornerstone for investors in the evolving global security landscape.