30 Best and Worst Data Center Stocks

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20. COPT Defense Properties (NYSE:CDP)

Upside Potential: 18%

Number of hedge funds: 26

COPT Defense Properties (NYSE:CDP) is a Real Estate Investment Trust (REIT) that owns, manages, leases, develops, and selectively acquires office and data center properties. The majority of its portfolio is located in areas that support the United States Government and its contractors, most of whom are engaged in national security, defense, and IT related activities, servicing what the company believes are growing, durable, priority missions. This significant exposure to government contracts provides the company with resilient demand, stable cash flows, and continuous development opportunities.

COPT Defense Properties (NYSE:CDP) currently operates over 30 data centers, encompassing approximately 6.3 million square feet of space. In December 2024, the company acquired a 365-acre land parcel in Des Moines, Iowa for $32 million. It plans to initiate an advanced data center shell development program (consisting only of finished exterior construction, no fit-outs) for an existing Fortune 100 cloud computing tenant, with around 1.0 GW of planned power capacity and 3.3 million square feet of space. The company already has three data center shells under construction, which will add 643,000 square feet of space.

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