Nareit REITWeek: Investor Conference

Published: 2025-06-02 09:14:08 ET CDP

Published on 06/02/2025 at 09:14

Nareit REITWeek: 2025 Investor Conference

Change Presentation Title on First Master Slide

JUNE 2025

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Safe Harbor | Page 30

Definitions + Glossary | Page 31

Reconciliations | Page 36

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1Q25

FFOPS, as adjusted for comparability

$0.65

4.8%

FFO per share growth year-over-year

Met midpoint of guidance

Increase in Same Property cash NOI

7.1%

4.3%

Increase in Same Property cash NOI | Defense/IT Portfolio

4.1%

Defense/IT Portfolio

95.3% Occupied

96.6% Leased

Same Property portfolio

94.1% Occupied

95.2% Leased

647,000 SF

120,000 SF

Increase excluding the benefit from real estate tax refunds from successful appeals in Other segment

Occupancy rate > 94% for 9 consecutive quarters

Leased rate ≥ 95% for 5 consecutive quarters

Met or exceeded guidance each quarter over the past 29 quarters

Vacancy leasing

On track to achieve/exceed annual target of 400,000 SF

Renewal leasing

438,000 SF

Investment leasing

89,000 SF

Total / Defense IT Retention rate

75%

Includes previously discussed impact from a few contractions and non-renewals that were negotiated in early 2023 and 2024

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Disclaimer

COPT Defense Properties published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 13:13 UTC.