CDP Earnings Prediction
The chart below shows how CDP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CDP sees a +0.52% change in stock price 10 days leading up to the earnings, and a +0.55% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
CDP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
183.43M
2.06%
-3.06%
Gross Margin
57.21%
3.03%
1.94%
Operating Margin
29.63%
6.32%
2.77%
Net Margin
19.88%
2.63%
0.61%
EPS
0.31
3.33%
-3.13%
No Data Available
CDP Earnings Analysis
COPT Defense Properties Corporation (CDP.N) Earnings Conference Call
Positive
FFO Per Share Increase: FFO per share for 2024 was $2.06, exceeding initial guidance by six cents and representing a 6.2% increase over 2023.
Same Property Cash NOI Growth: Same property cash NOI increased by 9.1% year over year, marking the highest increase reported by the company.
High Tenant Retention Rate: Tenant retention reached 86%, the highest annual level in over twenty years, demonstrating strong demand and stability in the portfolio.
Vacancy Leasing Success: Executed 500,000 square feet of vacancy leasing, exceeding the initial target by 25%, with over 40% of this leasing tied to cyber activity.
FFO Per Share Guidance: Established 2025 FFO per share guidance at $2.66, implying a 3.5% growth over 2024's results, indicating continued positive momentum.
Negative
FFO Growth Slowdown: FFO per share guidance for 2025 is set at $2.66, which implies only a 3.5% growth over 2024, indicating a slowdown in growth momentum.
Cash NOI Growth Decline: Same property cash NOI normalized growth for 2025 is projected at only 3.3%, down from 9.1% in 2024, reflecting a significant deceleration in operational performance.
Tenant Retention Decline: Tenant retention guidance for 2025 is expected to decline to a range of 75% to 85%, down from the record 86% achieved in 2024, suggesting potential challenges in maintaining occupancy levels.
Interest Income Decline: The company anticipates a year-over-year decline of $0.03 in interest and other income, primarily due to reduced interest income from cash balances, indicating a tightening financial environment.
Occupancy Level Decline: Occupancy levels are expected to dip in the first quarter of 2025 due to nonrenewals and contractions, which could negatively impact revenue streams in the short term.
CDP FAQs
How does CDP typically perform around its earnings report dates?
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CDP Earning Call Sentiment
COPT Defense Properties (NYSE:CDP) Q4 2024 Earnings Call Transcript
CDP.N
-1.12%Positive
The earnings call summary highlights strong financial performance, including increased FFO per share, high tenant retention, and strong occupancy rates. The Q&A section addressed potential risks, but management's responses were generally reassuring, with no significant concerns raised. The increase in dividend and optimistic guidance contribute positively, while the lack of clear guidance on power for the Iowa data center is a minor concern. Overall, the sentiment is positive, suggesting a likely stock price increase in the 2% to 8% range over the next two weeks.
