COPT Defense Properties
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $48.6M | $40.1M | $39.4M | $43.7M | $40.2M | $36.2M | $36.5M | $37.4M |
| Depreciation & Amortization | $42.3M | $43.1M | $43.6M | $40.6M | $39.6M | $39.9M | $40.6M | $38.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $3.4M | $3.2M | $3.0M | $3.0M | $2.9M | $2.9M | $2.6M | $2.6M |
| Net Cash from Operating Activities | $91.1M | $96.4M | $81.3M | $68.6M | $87.9M | $72.1M | $101.1M | $65.1M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-103.2M | $-82.3M | $-106.6M | $-34.5M | $-79.0M | $-69.5M | $-61.9M | $-96.9M |
| Financing Activities | ||||||||
| Dividends Paid | $36.3M | $34.6M | $34.4M | $34.4M | $34.4M | $33.3M | $33.3M | $33.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $5.9M | $-260.2M | $276.9M | $-32.7M | $-11.5M | $-16.2M | $-35.2M | $-35.1M |
| Net Change in Cash | $-6.2M | $-246.1M | $251.6M | $1.4M | $-2.7M | $-13.7M | $4.0M | $-66.9M |
| Free Cash Flow | — | — | — | — | — | — | — | — |