WallStSmart

COPT Defense Properties (CDP)vsPiedmont Office Realty Trust Inc (PDM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

COPT Defense Properties generates 36% more annual revenue ($766.73M vs $564.99M). CDP leads profitability with a 19.9% profit margin vs -14.8%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 62/100 (C+).

CDP

Buy

62

out of 100

Grade: C+

Growth: 7.3Profit: 7.5Value: 7.3Quality: 4.5
Piotroski: 4/9Altman Z: 0.41

PDM

Hold

40

out of 100

Grade: F

Growth: 3.3Profit: 3.5Value: 4.0Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CDPSignificantly Overvalued (-35.5%)

Margin of Safety

-35.5%

Fair Value

$23.91

Current Price

$31.42

$7.51 premium

UndervaluedFair: $23.91Overvalued

Intrinsic value data unavailable for PDM.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CDP2 strengths · Avg: 8.0/10
Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.6%8/10

Strong operational efficiency at 29.6%

PDM1 strengths · Avg: 10.0/10
Price/BookValuation
0.5x10/10

Reasonable price relative to book value

Areas to Watch

CDP1 concerns · Avg: 2.0/10
Altman Z-ScoreHealth
0.412/10

Distress zone — elevated risk

PDM4 concerns · Avg: 2.3/10
Market CapQuality
$812.77M3/10

Smaller company, higher risk/reward

PEG RatioValuation
10.182/10

Expensive relative to growth rate

Return on EquityProfitability
-5.4%2/10

ROE of -5.4% — below average capital efficiency

Revenue GrowthGrowth
-0.3%2/10

Revenue declined 0.3%

Comparative Analysis Report

WallStSmart Research

Bull Case : CDP

The strongest argument for CDP centers on Price/Book, Operating Margin. Profitability is solid with margins at 19.9% and operating margin at 29.6%. PEG of 1.03 suggests the stock is reasonably priced for its growth.

Bull Case : PDM

The strongest argument for PDM centers on Price/Book.

Bear Case : CDP

The primary concerns for CDP are Altman Z-Score.

Bear Case : PDM

The primary concerns for PDM are Market Cap, PEG Ratio, Return on Equity.

Key Dynamics to Monitor

CDP profiles as a mature stock while PDM is a turnaround play — different risk/reward profiles.

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

CDP is growing revenue faster at 7.6% — sustainability is the question.

CDP generates stronger free cash flow (61M), providing more financial flexibility.

Bottom Line

CDP scores higher overall (62/100 vs 40/100), backed by strong 19.9% margins. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

COPT Defense Properties

REAL ESTATE · REIT - OFFICE · USA

COPT Defense Properties (CDP) is a specialized real estate investment trust (REIT) that focuses on the acquisition, development, and management of properties designed for defense and government contractors. Positioned strategically near key defense installations, CDP is committed to generating stable, long-term cash flows through its diversified portfolio, which is tailored to meet the evolving needs of its tenants. With a disciplined approach to capital allocation and a robust development pipeline, the company aims to enhance shareholder value while supporting the national security infrastructure.

Piedmont Office Realty Trust Inc

REAL ESTATE · REIT - OFFICE · USA

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is the owner, manager, developer, remodeler, and operator of high-quality Class A office properties located primarily in select submarkets within the seven major eastern US office markets. Most of your income is generated at Sunbelt.

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