COPT Defense Raises 2026 Adjusted FFO per Share Guidance to $2.79-$2.81

• COPT Defense Properties raised 2026 adjusted FFO guidance to $2.79-$2.81 per share from $2.76-$2.80.
• The midpoint increased $0.02 to $2.80, reflecting space recapture fees and lower dilution from Exchangeable Notes.
• Same-property cash NOI growth guidance rose to 4%-4.5% from 3.75%-4.25%, reflecting third-quarter outperformance.
• The vacancy leasing target increased by 150,000 square feet to 625,000 square feet, supported by year-to-date performance and a strong pipeline.
• Tenant retention guidance fell to 79%-81% from 80%-85%, reflecting three strategic non-renewals primarily intended to accommodate existing tenants’ expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. COPT Defense Properties published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.