WallStSmart

COPT Defense Properties (CDP)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 1103% more annual revenue ($9.38B vs $779.51M). PLD leads profitability with a 39.7% profit margin vs 20.0%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 66/100 (B-).

CDP

Strong Buy

66

out of 100

Grade: B-

Growth: 5.3Profit: 7.5Value: 7.3Quality: 4.5
Piotroski: 4/9Altman Z: 0.41

PLD

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 7.0Value: 5.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CDPUndervalued (+30.9%)

Margin of Safety

+30.9%

Fair Value

$46.85

Current Price

$30.94

$15.91 discount

UndervaluedFair: $46.85Overvalued
PLDUndervalued (+47.2%)

Margin of Safety

+47.2%

Fair Value

$268.84

Current Price

$138.82

$130.02 discount

UndervaluedFair: $268.84Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CDP3 strengths · Avg: 8.3/10
Profit MarginProfitability
20.0%9/10

Keeps 20 of every $100 in revenue as profit

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.1%8/10

Strong operational efficiency at 29.1%

PLD5 strengths · Avg: 9.4/10
Profit MarginProfitability
39.7%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

EPS GrowthGrowth
65.2%10/10

Earnings expanding 65.2% YoY

Market CapQuality
$129.41B9/10

Large-cap with strong market position

Price/BookValuation
2.4x8/10

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

PLD4 concerns · Avg: 2.8/10
P/E RatioValuation
39.1x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
6.8%3/10

ROE of 6.8% — below average capital efficiency

PEG RatioValuation
110.102/10

Expensive relative to growth rate

Free Cash FlowQuality
$-3.75B2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : CDP

The strongest argument for CDP centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 20.0% and operating margin at 29.1%. PEG of 1.03 suggests the stock is reasonably priced for its growth.

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.7% and operating margin at 38.5%.

Bear Case : CDP

The primary concerns for CDP are Altman Z-Score.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

PLD carries more volatility with a beta of 1.41 — expect wider price swings.

PLD is growing revenue faster at 8.3% — sustainability is the question.

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

Bottom Line

CDP scores higher overall (66/100 vs 63/100), backed by strong 20.0% margins. PLD offers better value entry with a 47.2% margin of safety. 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.

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.

Prologis Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

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