COPT Defense Properties
In their words
“Tenant retention of 68% cash rent spreads down 20 basis points”
“We executed 1.2 million square feet of renewal leasing and achieved a 91% retention rate”
“We have renewed over 4 million square feet of large leases with a retention rate of over 97%”
NPS disclosures (0)
No NPS disclosures yet.
Retention disclosures (75)
Retention rate: 68% (Q2 2026) — “Tenant retention of 68% cash rent spreads down 20 basis points”
Retention rate: 91% (Q1 2026) — “We executed 1.2 million square feet of renewal leasing and achieved a 91% retention rate”
Retention rate: 97% (large leases (>50k sf) prior 3.5 years) — “we have renewed over 4 million square feet of large leases with a retention rate of over 97%”
Retention rate: 97% (large leases (>50k sf) last 5 quarters) — “Over the last 5 quarters, we've renewed 1.9 million square feet of large leases at a 97% retention rate”
Retention rate: 82% (Q3 2025 / YTD 2025) — “We executed nearly 800,000 square feet in the third quarter and achieved an exceptional tenant retention rate of 82%”
Retention rate (large leases): 96% (4-quarter trailing) — “Over the last 4 quarters, we've renewed 1.3 million square feet of large leases at a 96% retention rate”
Retention rate (large leases): 91% (Q2 2025) — “renewed 4 large leases in the quarter, totaling 270,000 square feet at a 91% retention rate”
Retention rate: 82.5% (FY2025) — “increased the midpoint of full year retention by 250 basis points to 82.5%”
Retention rate: 90% (Q2 2025) — “achieved a phenomenal tenant retention rate of 90”
Retention rate (large government leases): 100% (forward-looking) — “We continue to expect 100% retention on these leases”
Retention rate (large leases): 97% (3-quarter trailing) — “Over the last three quarters, we've renewed 1.1 million square feet of large leases at a 97% retention rate”
Retention rate (large leases): 88% (Q1 2025) — “renewed three large leases in the quarter totaling 250,000 square feet with 88% retention”
Retention rate (U.S. government leases): 100% (forward-looking) — “We expect 100% retention on the US government leases included in this total, which accounts for 2.6 million square feet”
Retention rate (large leases): 98% (2-year (mid-2022 to end-2024)) — “achieved a 98% retention rate on that 2.4 million square feet of leases, exceeding our target”
Retention rate (defense contractor tenants): 95% (Q4 2024) — “retention among our defense contractor tenants was 95%”
Retention rate: 93% (Q4 2024) — “executed 561,000 square feet in the fourth quarter with an exceptionally strong 93% retention rate”
Retention rate: 86% (FY2024) — “record tenant retention rate at 86%, which was the highest annual level in over twenty years”
Retention rate (large leases): 100% (Q3 2024) — “renewed five of the 32 large leases totaling 643,000 square feet with a 100% retention rate”
Retention rate: 85% (FY2024) — “increased the midpoint of tenant retention guidance by 250 basis points to a new midpoint of 85%”
Retention rate: 83% (YTD 2024) — “Year-to-date, we've delivered 83% retention”
Retention rate: 86% (Q2 2024) — “completed 985,000 square feet of total leasing, which consisted of 881,000 square feet of renewals with an 86% retention rate”
Retention rate: 78% (Q1 2024) — “completed 721,000 square feet of total leasing volume, which consisted of 551,000 square feet of renewal leasings with a 78% retention rate”
Retention rate (large leases): 97% (6-quarter trailing) — “over the last six quarters, we've renewed 17 large leases totaling 1.7 million square feet with a retention rate of 97%”
Retention rate (Defense/IT portfolio): 86% (FY2023) — “Our overall retention rate was 80% with our Defense/IT portfolio even higher at 86%”
Retention rate: 80% (FY2023) — “completed 2.9 million square feet of total leasing volume, which consisted of 1.7 million square feet renewal leasing with an 80% retention rate”
Retention rate (advanced IT portfolio): 87.3% (YTD 2023) — “In our advanced IT portfolio, the retention rate was also 82% and is 87.3% year-to-date”
Retention rate: 82% (Q3 2023) — “total leasing volume of 521,000 square feet included 370,000 square feet of renewals. Our retention rate was 82%”
Retention rate: 83% (Q2 2023 YTD) — “year-to-date our overall retention rate is 83%”
Retention rate (Defense/IT): 93% (Q2 2023) — “Our overall retention rate for the quarter was 89%, with our Defense/IT locations at 93%”
Retention rate: 89% (Q2 2023) — “Our overall retention rate for the quarter was 89%, with our Defense/IT locations at 93%”
Retention rate (large leases >50k sq ft): 95% (Q1 2023 (outlook through 2024)) — “expect a retention rate of over 95% on the 2.3 million square feet of large leases”
Retention rate: 82.5% (Q1 2023 (guidance FY2023)) — “raised the midpoint of our full year retention rate guidance by 250 points to 80% to 85%”
Retention rate (Defense/IT): 78% (Q1 2023) — “Our overall retention rate was 64%, with our Defense/IT locations at 78%”
Retention rate: 64% (Q1 2023) — “Our overall retention rate was 64%, with our Defense/IT locations at 78%”
Retention rate: 74% (FY 2022 (adjusted)) — “Net of this relocation, the retention rate was 74%”
Retention rate: 72% (FY 2022) — “Full-year retention was 72%, but that result includes a strategic relocation of a defense contractor for 58,000 square feet”
Retention rate: 72% (Q3 2022 YTD) — “Year-to-date, we have completed nearly 1.2 million square feet of renewals with a retention rate of 72%”
Retention rate: 92.2% (Q3 2022) — “retention rate of 92.2%, our highest in over two decades”
Retention rate: 92% (Q3 2022) — “Our retention rate was 92%, our highest in 21-years”
Retention rate (large leases >50k sq ft): 95% (Q2 2022 (outlook 2023-2024)) — “we expect to renew more than 95% of that space”
Retention rate: 75% (Q2 2022 (guidance FY2022)) — “we are increasing the midpoint of our retention guidance to 75%”
Retention rate: 58% (Q2 2022) — “We completed 228,000 square feet of renewal leasing during the quarter for a retention rate of 58%”
Retention rate: 75% (Q3 2021 YTD (9 months)) — “We completed 1.4 million square feet of renewals that's even a 75% retention rate”
Retention rate: 76% (Q3 2021) — “we renewed 553,000 square feet delivering a 76% retention rate”
Retention rate: 78% (Q2 2021 YTD (6 months)) — “For the 6-month period, we completed 815,000 square feet of renewal leasing, with a 78% retention rate”
Retention rate: 89% (Q2 2021) — “including 661,000 square feet of renewals for a very strong retention rate of 89%”
Retention rate: 72.5% (Q1 2021 (guidance FY2021)) — “we are increasing our full year retention guidance to a new range of 70% to 75%”
Retention rate: 77% (Q1 2021 YTD) — “To date, we have completed 750,000 square feet of renewal leasing with a 77% retention rate”
Retention rate: 88% (Q1 2021 (April)) — “This month, we renewed 596,000 square feet of expiring leases, achieving an 88% renewal rate”
Retention rate: 81% (FY2020) — “During 2020 we achieved a very strong 81% renewal rate.”
Retention rate: 81% (H1 2020) — “During the first 6 months, we completed 1.1 million square feet of renewals, representing an extremely strong 81% renewal rate.”
Retention rate: 89% (Q1 2020) — “We achieved a robust renewal rate of 89%”
Retention rate: 70% (FY2020 guidance) — “we forecast another strong tenant retention rate of 70% to 75%”
Retention rate: 78% (FY2018) — “we renewed 2.5 million square feet the most in our history, which resulted in a strong 78% retention rate.”
Retention rate: 77% (H1 2018) — “During the first six months, we leased over $2 million square feet including 1.2 million square feet of renewals, achieving a tenant retention rate of 77%.”
Retention rate: 73% (Q1 2018) — “executed 712,000 square feet of renewals, representing 73% of the expiring space”
Retention rate (government leases): 100% (FY2017) — “forecast a 100% renewal rate on the government leases”
Retention rate: 98% (FY2017) — “overall expect to renew 98% of this footage”
Retention rate: 80% (FY2017) — “achieved an 80% retention rate. That's the highest annual retention rate for our company since 1999”
Retention rate: 80% (FY2017 guidance) — “raising our full year renewal rate again to a range of 80% to 82%”
Retention rate: 81% (9M 2017) — “For the 3 quarters ended September 30, we renewed 1.3 million square feet and achieved an 81% retention rate”
Retention rate: 89% (Q3 2017) — “renewed 903,000 square feet equating to an 89% renewal rate”
Retention rate: 75% (FY2017 guidance) — “increasing our tenant retention forecast for the year to between 75% and 80%”
Retention rate: 67% (6M 2017) — “Our renewal rate for the six months ended June 30 was 67%”
Retention rate (defense IT locations): 88% (Q2 2017) — “was 88% in defense IT locations”
Retention rate: 85% (Q2 2017) — “Tenant retention in the quarter was 85% overall”
Retention rate (large government leases): 100% (FY2017 guidance) — “forecast a 100% renewal rate for the large government leases that expire this year and next”
Retention rate (defense IT segment): 96% (Q1 2017) — “Within our defense IT segment we renewed 96% of expiring square footage in the quarter”
Retention rate: 79% (9M 2016) — “79% for the nine months”
Retention rate: 83% (Q3 2016) — “We renewed 83% of the leases in the third quarter”
Retention rate: 70% (FY2016 guidance) — “increasing our tenant retention guidance for the year and between 70% and 75%”
Retention rate: 75% (6M 2016) — “75% for the first 6 months”
Retention rate: 82% (Q2 2016) — “robust tenant retention rate of 82% in the quarter”
Retention rate: 65% (FY2016 guidance) — “For the year, we continue to forecast a retention rate of 65% to 70%”
Retention rate: 64% (Q1 2016) — “Tenant retention in the quarter of 64% was in line with expectations”
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About these figures
Every figure here was publicly disclosed by the named company: press releases, annual reports, SEC filings, earnings calls and news coverage. Companies tend to publish their NPS when it is good, so these numbers run higher than a true industry average: read them as what leading companies in this vertical say publicly, not as an industry benchmark.
NPS runs from −100 to +100. Retention figures are reported as the company defines them (net revenue retention, gross revenue retention, customer retention rate, churn). Every entry links to its source in the full database.