COPT Defense Properties (CDP) Q3 2023 Earnings Conference Call Transcript

COPT Defense Properties (NYSE:CDP) Q3 2023 Earnings Conference Call October 27, 2023 ET

Company Participants

Venkat Kommineni – VP of IR

Steve Budorick – President and CEO

Anthony Mifsud – CFO

Conference Call Participants

Camille Bonnel – Bank of America

Nick Joseph – Citigroup

Blaine Heck – Wells Fargo

Tom Catherwood – BTIG

Richard Anderson – Wedbush Securities

Dylan Burzinski – Green Street

Jay Poskitt – Evercore ISI

Operator

Welcome to the COPT Defense Properties’ Third Quarter 2023 Results Conference Call. As a reminder, today’s call is being recorded.

At this time, I will turn the call over to Venkat Kommineni, COPT Defense’s Vice President of Investor Relations. Mr. Kommineni, please go ahead.

Venkat Kommineni

Thank you, Abigail. Good afternoon, and welcome to Comp Defense’s conference call to discuss third quarter results. With me today are Steve Budorick, President and CEO; and Anthony Mifsud, Executive Vice President and CFO.

Reconciliations of GAAP and non-GAAP financial measures that management discusses are available on our website in the results press release and presentation and in our supplemental information package.

As a reminder, forward-looking statements made during today’s call are subject to risks and uncertainties, which are discussed in our SEC filings. Actual events and results can differ materially from these forward-looking statements, and the company does not undertake a duty to update them.

Steve?

Steve Budorick

Good afternoon, and thank you for joining us. Our investment strategy and differentiation continue to generate strong operating results, and support the positive outlook we have for our business for the coming years. On September 15, the company adopted a new name, Cap Defense properties, a new ticker CDP and a new logo, which combines some important symbols of our core customers.

The Shield shape is a symbol of military strength in defense activities. The flag identifies

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