COPT Defense Properties (CDP) Presents at JPMorgan Industrials Conference 2026 Transcript

SA Transcripts159.01K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call COPT Defense Properties (CDP) JPMorgan Industrials Conference 2026 March 17, 2026 5:00 PM EDT Company Participants Stephen E. Budorick - President, CEO & Trustee Conference Call Participants Mark Streeter - JPMorgan Chase & Co, Research DivisionYilma Abebe - JPMorgan Chase & Co, Research Division Presentation Mark StreeterJPMorgan Chase & Co, Research Division Okay. Folks, thanks for joining us for our last session for the day. My name is Mark Streeter. And in addition to being the high-grade and high-yield transportation analyst, which is most of the -- which is I've been wearing, I think, for the last 2 days, I get to put on my REIT hat because I'm also our REIT credit analyst and very pleased to, in partnership with my colleague who's on the road, Tony Paolone, who covers COPT Defense Properties. Very pleased to have with us Stephen Budorick, President and Chief Executive Officer, joined by Venkat and Britt on his team. So Steve, thanks for joining us, making it all the way down from the home office or the corporate office and the home office. I guess you have a long commute home tonight, but we were just talking about not that far, but -- it's a little bit of track. Stephen E. BudorickPresident, CEO & Trustee It's 20 miles, 25 miles. Mark StreeterJPMorgan Chase & Co, Research Division 25 miles. So just sort of thinking about maybe because there's some folks here in the room that might not know a lot about the story. Hopefully, the folks on the webcast is probably a little bit more familiar. But maybe sort of just talk a little bit about your focus, and then we'll jump into some questions on how -- especially how events over the recent weeks are sort of impacting your business. But maybe just sort of lay the