COPT Defense Properties (CDP)vsVornado Realty Trust (VNO)
CDP
COPT Defense Properties
$31.70
-0.38%
REAL ESTATE · Cap: $3.67B
VNO
Vornado Realty Trust
$32.16
+0.37%
REAL ESTATE · Cap: $6.56B
Smart Verdict
WallStSmart Research — data-driven comparison
Vornado Realty Trust generates 138% more annual revenue ($1.85B vs $780.54M). VNO leads profitability with a 42.9% profit margin vs 20.0%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 64/100 (C+).
CDP
Buy64
out of 100
Grade: C+
VNO
Buy61
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+30.7%
Fair Value
$46.72
Current Price
$31.70
$15.02 discount
Margin of Safety
+45.8%
Fair Value
$55.79
Current Price
$32.16
$23.63 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 20 of every $100 in revenue as profit
Reasonable price relative to book value
Strong operational efficiency at 29.6%
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 43 of every $100 in revenue as profit
Earnings expanding 1263.0% YoY
Areas to Watch
Distress zone — elevated risk
Expensive relative to growth rate
Revenue declined 2.2%
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull 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 : VNO
The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.9% and operating margin at 13.7%.
Bear Case : CDP
The primary concerns for CDP are Altman Z-Score.
Bear Case : VNO
The primary concerns for VNO are PEG Ratio, Revenue Growth, Altman Z-Score.
Key Dynamics to Monitor
CDP profiles as a mature stock while VNO is a declining play — different risk/reward profiles.
VNO carries more volatility with a beta of 1.54 — expect wider price swings.
CDP is growing revenue faster at 7.3% — sustainability is the question.
CDP generates stronger free cash flow (96M), providing more financial flexibility.
Bottom Line
CDP scores higher overall (64/100 vs 61/100), backed by strong 20.0% margins. VNO offers better value entry with a 45.8% margin of safety. Both earn "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.
Vornado Realty Trust
REAL ESTATE · REIT - OFFICE · USA
Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
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