{
  "url": "https://struct.news/briefs/copt-grew-rent-and-cash-but-its-400m-debt-payoff-came-with-a-bigger-interest-bill",
  "title": "COPT grew rent and cash, but its $400M debt payoff came with a bigger interest bill",
  "summary": "Operating cash flow increased $27.5 million even as COPT refinanced cheaper debt with 4.50% notes.",
  "published_at": "2026-08-03T19:12:05.285148+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "COPT Defense Properties",
    "ticker": "CDP",
    "cik": "860546",
    "sector": "Real Estate",
    "industry": "REIT - Office"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-03",
    "accession": "0000860546-26-000040",
    "url": "https://www.sec.gov/Archives/edgar/data/860546/000086054626000040/cdp-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-07-31",
    "url": "https://www.sec.gov/Archives/edgar/data/860546/000086054625000038/ofc-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 42074000,
      "display": "$42.1M",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000860546-26-000040",
        "filing_date": "2026-08-03"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -44.309728656518864,
      "display": "-44.3%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000860546-26-000040",
        "filing_date": "2026-08-03"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Diluted share change",
      "value": 0.3587277123801025,
      "display": "+0.4%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000860546-26-000040",
        "filing_date": "2026-08-03"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "COPT refinanced 2.25% notes with 4.50% notes, and management says higher interest expense partly offset stronger real estate operating cash flow.",
      "importance": "medium",
      "evidence": "higher cash paid for interest expense due primarily to our issuance in October 2025 of 4.50% Notes to refinance and prefund the repayment at maturity of our 2.25% Notes.",
      "source_date": "2026-08-03"
    }
  ],
  "related_tickers": [
    "CDP"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}