COPT DEFENSE PROPERTIESCDP

時価総額

$34億

PER

防衛・IT向け商業用不動産の大手。データセンターシェルやミッション支援施設の賃貸・開発を展開。2024年末時点で203物件中195物件、年間賃料収入の90.3%がDefense/ITポートフォリオ。2024年に2物件取得。メリーランド、北バージニア、ワシントンD.C.、ハンツビル等で展開。

概要財務

サマリーテーブルに戻る

	2010年 12月31日	2011年 12月31日	2012年 12月31日	2013年 12月31日	2014年 12月31日	2015年 12月31日	2016年 12月31日	2017年 12月31日	2018年 12月31日	2019年 12月31日	2020年 12月31日	2021年 12月31日	2022年 12月31日	2023年 12月31日	2024年 12月31日
Revenues from real estate operations received	-	-	-	-	-	-	-	-	-	530	543	571	581	638	700
Construction contract and other service revenues received	-	-	-	-	-	-	-	-	-	95	78	100	155	66	73
Property operating expenses paid	-	-	-	-	-	-	-	-	-	197	203	223	231	243	262
Construction contract and other service expenses paid	-	-	-	-	-	-	-	-	-	97	68	87	160	65	75
General, administrative, leasing and other expenses paid	-	-	-	-	-	-	-	-	-	-	-	-	-	33	35
Interest expense paid	88	94	87	82	79	66	78	73	72	67	61	65	56	60	76
Lease incentives paid	-	-	-	-	-	-	-	-	-	9	12	18	10	26	18
Sales-type lease costs paid	-	-	-	-	-	-	-	-	-	-	11	2	-	7	2
Interest and other income received	-	-	-	-	-	-	-	-	-	-	-	-	19	5	23
Income taxes paid	-	0	0	-0	-	-	-	-	-	-	0	0	-	0	0
Other	-	-	-	-	-	-	1	2	3	3	3	2	1	1	2
Net cash provided by operating activities	156	152	192	159	194	204	233	231	180	229	238	249	266	276	331
Properties in development or held for future development	-	233	165	202	200	234	162	201	160	394	344	268	283	265	164
Acquisitions of operating properties and related intangible assets	-	33	48	-	-	203	-	-	-	-	-	-	-	-	32
Tenant improvements on operating properties	-	-	-	22	27	29	34	33	35	24	29	21	44	67	54
Other capital improvements on operating properties	-	17	20	24	29	23	26	23	24	25	33	30	36	21	31
Proceeds from sale of properties	28	80	291	149	58	194	263	181	-	108	83	143	281	190	-
Proceeds from Equity Method Investment, Distribution, Return of Capital	-	-	-	-	-	-	-	-	-	201	60	-	27	1	1
Investing receivables funded	6	23	14	14	4	0	0	-	-	11	0	6	20	1	2
Investing receivables payments received	-	17	10	0	10	5	-	-	-	-	8	-	6	11	4
Leasing costs paid	-	-	13	14	16	14	10	15	11	17	17	22	14	16	13
Other	-2	3	-2	0	3	4	3	-1	3	-1	4	0	0	1	0
Net cash used in investing activities	-479	-260	14	-120	-210	-308	71	-90	-233	-138	-326	-203	-83	-170	-291
Revolving Credit Facility	-	-	329	504	232	522	496	352	381	409	664	597	852	291	76
Unsecured senior notes	-	-	-	592	297	297	-	-	-	-	395	1,383	-	336	-
Term loan facility	-	-	-	-	-	-	-	-	-	-	-	-	125	-	-
Revolving Credit Facility	-	-	991	504	149	562	539	226	294	445	698	664	717	427	76
Term loan facilities	-	-	-	-	-	-	-	-	-	-	-	-	300	-	-
Scheduled principal amortization	-	-	-	-	-	-	-	-	-	4	4	4	3	3	2
Other debt repayments	-	-	124	612	395	155	323	200	100	0	12	238	-	16	28
Deferred financing costs paid	9	13	3	9	1	8	1	1	8	0	2	4	7	1	-
Common share dividends paid	-	-	89	93	96	104	104	109	114	123	123	124	124	127	132
Distributions paid to redeemable noncontrolling interests	-	-	-	-	-	-	-	-	-	2	14	2	3	3	2
Other	0	0	-1	-2	-3	3	-5	3	-4	1	-2	-4	-6	-4	-6
Net cash (used in) provided by financing activities	325	104	-201	5	-32	158	-154	-339	50	-84	91	-51	-183	46	-170
Net (decrease) increase in cash and cash equivalents and restricted cash	-	-	-	-	-	-	-	-	-3	6	4	-5	-1	153	-130
Net income (loss)	46	-124	20	102	45	189	16	76	79	200	103	82	179	-74	144
Depreciation and other amortization	-	-	-	120	138	142	135	137	139	139	140	151	144	151	156
Impairment losses	-	128	43	6	1	23	101	15	2	0	2	-	-	253	-
Amortization of Debt Issuance Costs and Discounts	-	-	-	-	-	-	6	4	3	4	4	5	5	6	7
Change in net deferred rent receivable and liability	-	-	12	5	4	15	0	3	5	4	2	19	19	5	1
Gain on sales of real estate	4	8	21	12	11	68	41	10	2	105	30	66	48	49	-
Share-based compensation	12	12	10	7	6	7	7	6	6	7	7	8	9	9	10
Other	-	-1	3	3	3	-1	4	6	3	6	8	5	-10	5	-12
Decrease (increase) in accounts receivable	2	7	-7	10	-0	-1	5	-3	-6	7	6	1	2	6	-6
(Increase) decrease in lease incentives and prepaid expenses and other assets, net	-	-	-	-	-	-	-	-	-	-	-	-	-	5	3
Increase (Decrease) in Operating Liabilities	-	-	-	4	25	-4	43	4	-49	20	7	22	-11	-3	-4
Increase (Decrease) in Advance Rent and Security Deposit Liability	-	-	-	-	-	-	-	-	-	4	-0	-1	-2	5	3
Net cash provided by operating activities	156	152	192	159	194	204	233	231	180	229	238	249	266	276	331
Decrease in accrued capital improvements, leasing and other investing activity costs	-	-	-	-	-	-	-	-	-	36	-9	21	-11	-23	-8
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	-	-	-	-	-	-	-	-	-	1	13	0	1	9	20
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Investment in unconsolidated real estate joint ventures retained in property disposition	-	-	-	-	-	-	-	-	-	35	11	12	7	21	-
Increase (Decrease) in Fair Value of Derivatives Applied to Aocl and Noncontrolling Interests	-	-	-	-	-	-	-	-	-	-26	-36	6	5	-0	-1
Equity Change Stock Issued During Period Value Conversion of Units	-	-	-	-	-	-	-	-	-	2	0	0	-	-	1
Adjustments to noncontrolling interests resulting from changes in CDPLP ownership	-	-	-	-	-	-	-	-	-	0	-1	-2	-1	-1	-1
Noncontrolling Interest, Change in Redemption Value	-	-	4	7	-0	-0	1	-1	2	2	7	2	-0	0	0
Reclassification of redeemable noncontrolling interests to equity	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-