WallStSmart

Alexandria Real Estate Equities Inc (ARE)vsCOPT Defense Properties (CDP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Alexandria Real Estate Equities Inc generates 272% more annual revenue ($2.93B vs $788.06M). CDP leads profitability with a 20.8% profit margin vs -36.1%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 66/100 (B-).

ARE

Buy

51

out of 100

Grade: C-

Growth: 5.3Profit: 4.0Value: 5.7Quality: 4.8
Piotroski: 5/9

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

AREUndervalued (+52.5%)

Margin of Safety

+52.5%

Fair Value

$113.12

Current Price

$49.74

$63.38 discount

UndervaluedFair: $113.12Overvalued
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

ARE2 strengths · Avg: 10.0/10
Price/BookValuation
0.5x10/10

Reasonable price relative to book value

EPS GrowthGrowth
648.0%10/10

Earnings expanding 648.0% 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

ARE4 concerns · Avg: 1.8/10
PEG RatioValuation
3.242/10

Expensive relative to growth rate

Return on EquityProfitability
-6.5%2/10

ROE of -6.5% — below average capital efficiency

Revenue GrowthGrowth
-11.5%2/10

Revenue declined 11.5%

Profit MarginProfitability
-36.1%1/10

Currently unprofitable

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 : ARE

The strongest argument for ARE centers on Price/Book, EPS Growth.

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 : ARE

The primary concerns for ARE are PEG Ratio, Return on Equity, Revenue Growth.

Bear Case : CDP

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

Key Dynamics to Monitor

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

ARE carries more volatility with a beta of 1.18 — expect wider price swings.

CDP is growing revenue faster at 3.9% — sustainability is the question.

ARE generates stronger free cash flow (197M), providing more financial flexibility.

Bottom Line

CDP scores higher overall (66/100 vs 51/100), backed by strong 20.8% margins. ARE offers better value entry with a 52.5% 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.

Alexandria Real Estate Equities Inc

REAL ESTATE · REIT - OFFICE · USA

Alexandria Real Estate Equities, Inc. is an American real estate investment trust that invests in office buildings and laboratories leased to tenants in the life science and technology industries.

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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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