
COPT Defense Properties (NYSE:CDP) (&#34;COPT Defense&#34; or the &#34;Company&#34;) executed a 148,000 square foot lease with a top 10 U.S. Defense contractor at 400 National Business Parkway for a lease term of nearly 11 years, at

<p xmlns="http://www.w3.org/1999/xhtml">
COPT Defense Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CDP">CDP</a>) ("COPT Defense" or the "Company") executed a 148,000 square foot lease with a top 10 U.S. Defense contractor at 400 National Business Parkway for a lease term of nearly 11 years, at The National Business Park ("NBP"), adjacent to Fort George G. Meade in Annapolis Junction, Maryland.

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This lease, which is expected to commence in the fourth quarter of 2026, brings the Company's 882,000 square foot development pipeline to 86% leased.

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<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About COPT Defense</span></b>

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COPT Defense, an S&amp;P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of September 30, 2025, the Company's Defense/IT Portfolio of 198 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.6 million square feet and was 97.0% leased.

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<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">Forward-Looking Information</span></b>

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This press release may contain "forward-looking" statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company's current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "could," "believe," "anticipate," "expect," "estimate," "plan" or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements.

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The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

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Source: COPT Defense Properties

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260205914695r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260205914695/en/" rel="nofollow">https://www.businesswire.com/news/home/20260205914695/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">IR Contacts: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Venkat Kommineni, CFA
<br xmlns="http://www.w3.org/1999/xhtml"></br>443.285.5587
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:venkat.kommineni@copt.com" shape="rect">venkat.kommineni@copt.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Michelle Layne
<br xmlns="http://www.w3.org/1999/xhtml"></br>443.285.5452
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:michelle.layne@copt.com" shape="rect">michelle.layne@copt.com</a>

</p>

COPT Defense Executes Full Building Lease with Top 10 U.S. Defense Contractor at 400 National Business Parkway

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>COPT Defense Properties (NYSE:CDP) (&amp;#34;COPT Defense&amp;#34; or the &amp;#34;Company&amp;#34;) executed a 148,000 square foot lease with a top 10 U.S. Defense contractor at 400 National Business Parkway for a lease term of nearly 11 years, at</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>COPT Defense Properties secured a long-term lease with a major U.S. defense contractor, enhancing its stability and nearly completing its development pipeline at 86% leased. This deal, expected to start in Q4 2026, positions CDP favorably near critical government facilities and reaffirms its strong leasing metrics.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>CDP signed a 148,000 sq. ft. lease with a top defense contractor.</li><li>The lease term is nearly 11 years, boosting stability.</li><li>CDP&#039;s development pipeline is now 86% leased after this lease.</li><li>The lease is positioned near key U.S. defense installations.</li><li>CDP maintains a high 97% occupancy rate across its portfolio.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>COPT Defense Properties (CDP)</strong>: CDP&#039;s strategic leases show strong market positioning.</li><li><strong>U.S. Defense Contractors (N/A)</strong>: Top defense contractors remain crucial tenants for CDP.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits within &#039;Corporate Developments&#039; as it highlights CDP&#039;s proactive management in securing long-term leases. Such developments are vital, enhancing investor confidence and future revenue streams.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The execution of a long-term lease with a notable contractor signifies revenue stability.</li><li>Increased occupancy rates could positively influence CDP&#039;s stock valuation.</li><li>Negotiations for future leases may proceed smoothly due to high demand.</li><li>Future developments in the defense sector could lead to more leasing opportunities.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lease signed for 148,000 square feet at 400 National Business Parkway.</li><li>The lease term is approximately 11 years, commencing Q4 2026.</li><li>The development pipeline is now 86% leased, totaling 882,000 square feet.</li><li>As of September 30, 2025, the portfolio occupancy rate is 97%.</li><li>CDP operates a portfolio of 198 properties across 22.6 million square feet.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Invest in CDP for potential upside as lease stability enhances revenue growth in 2026.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
COPT Defense Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CDP">CDP</a>) ("COPT Defense" or the "Company") executed a 148,000 square foot lease with a top 10 U.S. Defense contractor at 400 National Business Parkway for a lease term of nearly 11 years, at The National Business Park ("NBP"), adjacent to Fort George G. Meade in Annapolis Junction, Maryland.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This lease, which is expected to commence in the fourth quarter of 2026, brings the Company's 882,000 square foot development pipeline to 86% leased.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About COPT Defense</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
COPT Defense, an S&amp;P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of September 30, 2025, the Company's Defense/IT Portfolio of 198 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.6 million square feet and was 97.0% leased.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">Forward-Looking Information</span></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release may contain "forward-looking" statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company's current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "could," "believe," "anticipate," "expect," "estimate," "plan" or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Source: COPT Defense Properties

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260205914695r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260205914695/en/" rel="nofollow">https://www.businesswire.com/news/home/20260205914695/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">IR Contacts: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Venkat Kommineni, CFA
<br xmlns="http://www.w3.org/1999/xhtml"></br>443.285.5587
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:venkat.kommineni@copt.com" shape="rect">venkat.kommineni@copt.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Michelle Layne
<br xmlns="http://www.w3.org/1999/xhtml"></br>443.285.5452
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:michelle.layne@copt.com" shape="rect">michelle.layne@copt.com</a>

</p>

COPT Defense Properties secured a long-term lease with a major U.S. defense contractor, enhancing its stability and nearly completing its development pipeline at 86% leased. This deal, expected to start in Q4 2026, positions CDP favorably near critical government facilities and reaffirms its strong leasing metrics.

News insight

COPT Defense Executes Full Building Lease with Top 10 U.S. Defense Contractor at 400 National Business Parkway

AI summary

Sentiment rationale

Key facts

Corporate Developments