WallStSmart

COPT Defense Properties (CDP)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 1137% more annual revenue ($9.66B vs $780.54M). PLD leads profitability with a 43.6% profit margin vs 20.0%. CDP appears more attractively valued with a PEG of 1.03. PLD earns a higher WallStSmart Score of 65/100 (B-).

CDP

Buy

64

out of 100

Grade: C+

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

PLD

Strong Buy

65

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 5.3Quality: 4.5
Piotroski: 2/9Altman Z: 1.01
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CDPUndervalued (+17.7%)

Margin of Safety

+17.7%

Fair Value

$39.35

Current Price

$38.08

$1.27 discount

UndervaluedFair: $39.35Overvalued
PLDUndervalued (+43.2%)

Margin of Safety

+43.2%

Fair Value

$259.71

Current Price

$146.19

$113.52 discount

UndervaluedFair: $259.71Overvalued

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
2.8x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.6%8/10

Strong operational efficiency at 29.6%

PLD6 strengths · Avg: 9.2/10
Profit MarginProfitability
43.6%10/10

Keeps 44 of every $100 in revenue as profit

Operating MarginProfitability
43.0%10/10

Strong operational efficiency at 43.0%

EPS GrowthGrowth
85.3%10/10

Earnings expanding 85.3% YoY

Market CapQuality
$138.06B9/10

Large-cap with strong market position

Price/BookValuation
2.6x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.14B8/10

Generating 1.1B in free cash flow

Areas to Watch

CDP4 concerns · Avg: 2.8/10
P/E RatioValuation
27.5x4/10

Moderate valuation

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Free Cash FlowQuality
$-102.65M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.422/10

Distress zone — elevated risk

PLD4 concerns · Avg: 3.0/10
P/E RatioValuation
33.4x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.9%3/10

ROE of 7.9% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
138.352/10

Expensive relative to growth rate

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 29.6%. 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 43.6% and operating margin at 43.0%. Revenue growth of 12.3% demonstrates continued momentum.

Bear Case : CDP

The primary concerns for CDP are P/E Ratio, Piotroski F-Score, Free Cash Flow.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

PLD carries more volatility with a beta of 1.34 — expect wider price swings.

PLD is growing revenue faster at 12.3% — sustainability is the question.

PLD generates stronger free cash flow (1.1B), providing more financial flexibility.

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

Bottom Line

PLD scores higher overall (65/100 vs 64/100), backed by strong 43.6% margins and 12.3% revenue growth. CDP offers better value entry with a 17.7% 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 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.

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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