WallStSmart

Brandywine Realty Trust (BDN)vsCOPT Defense Properties (CDP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

COPT Defense Properties generates 74% more annual revenue ($788.06M vs $452.30M). CDP leads profitability with a 20.8% profit margin vs -31.5%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 66/100 (B-).

BDN

Buy

58

out of 100

Grade: C

Growth: 6.0Profit: 3.5Value: 4.7Quality: 4.0
Piotroski: 2/9Altman Z: -0.65

CDP

Strong Buy

66

out of 100

Grade: B-

Growth: 5.3Profit: 7.5Value: 6.7Quality: 4.0
Piotroski: 2/9Altman Z: 0.42
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for BDN.

CDPUndervalued (+18.5%)

Margin of Safety

+18.5%

Fair Value

$39.73

Current Price

$37.14

$2.59 discount

UndervaluedFair: $39.73Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BDN2 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
551.0%10/10

Earnings expanding 551.0% YoY

CDP3 strengths · Avg: 9.0/10
Operating MarginProfitability
32.2%10/10

Strong operational efficiency at 32.2%

Profit MarginProfitability
20.8%9/10

Keeps 21 of every $100 in revenue as profit

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Areas to Watch

BDN4 concerns · Avg: 3.0/10
PEG RatioValuation
1.974/10

Expensive relative to growth rate

Market CapQuality
$552.80M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Return on EquityProfitability
-20.7%2/10

ROE of -20.7% — below average capital efficiency

CDP4 concerns · Avg: 3.3/10
P/E RatioValuation
26.4x4/10

Moderate valuation

Revenue GrowthGrowth
3.9%4/10

3.9% revenue growth

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Free Cash FlowQuality
$-102.65M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : BDN

The strongest argument for BDN centers on Price/Book, EPS Growth. Revenue growth of 14.1% demonstrates continued momentum.

Bull Case : CDP

The strongest argument for CDP centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 20.8% and operating margin at 32.2%. PEG of 1.03 suggests the stock is reasonably priced for its growth.

Bear Case : BDN

The primary concerns for BDN are PEG Ratio, Market Cap, Piotroski F-Score. Debt-to-equity of 3.84 is elevated, increasing financial risk.

Bear Case : CDP

The primary concerns for CDP are P/E Ratio, Revenue Growth, Piotroski F-Score.

Key Dynamics to Monitor

BDN profiles as a turnaround stock while CDP is a value play — different risk/reward profiles.

BDN carries more volatility with a beta of 1.25 — expect wider price swings.

BDN is growing revenue faster at 14.1% — sustainability is the question.

Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CDP scores higher overall (66/100 vs 58/100), backed by strong 20.8% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Brandywine Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Brandywine Realty Trust (NYSE: BDN) is one of the largest publicly traded, full-service integrated real estate companies in the United States with a primary focus on the Philadelphia, Austin and Washington, DC markets.

COPT Defense Properties

REAL ESTATE · REIT - OFFICE · USA

COPT Defense Properties (CDP) is a niche real estate investment trust (REIT) dedicated to the acquisition, development, and management of properties that serve defense and government contractors. With a strategic focus on locations near critical defense installations, CDP is well-positioned to deliver stable, long-term cash flows that align with its tenants' needs amid a dynamic geopolitical landscape. The company’s disciplined capital allocation and robust development pipeline underscore its commitment to maximizing shareholder value while actively supporting national security initiatives.

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