WallStSmart

BXP, Inc. (BXP)vsCOPT Defense Properties (CDP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

BXP, Inc. generates 305% more annual revenue ($3.16B vs $780.54M). CDP leads profitability with a 20.0% profit margin vs 10.0%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 64/100 (C+).

BXP

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 6.0Value: 5.3Quality: 2.5
Piotroski: 3/9Altman Z: 0.51

CDP

Buy

64

out of 100

Grade: C+

Growth: 5.3Profit: 7.5Value: 6.7Quality: 5.0
Piotroski: 2/9Altman Z: 0.42
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BXPUndervalued (+46.3%)

Margin of Safety

+46.3%

Fair Value

$115.01

Current Price

$64.91

$50.10 discount

UndervaluedFair: $115.01Overvalued
CDPUndervalued (+17.9%)

Margin of Safety

+17.9%

Fair Value

$39.47

Current Price

$32.65

$6.82 discount

UndervaluedFair: $39.47Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BXP3 strengths · Avg: 8.7/10
EPS GrowthGrowth
65.5%10/10

Earnings expanding 65.5% YoY

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Operating MarginProfitability
25.7%8/10

Strong operational efficiency at 25.7%

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

Keeps 20 of every $100 in revenue as profit

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.6%8/10

Strong operational efficiency at 29.6%

Areas to Watch

BXP4 concerns · Avg: 3.5/10
P/E RatioValuation
33.3x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
0.6%4/10

0.6% revenue growth

Return on EquityProfitability
6.2%3/10

ROE of 6.2% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

CDP4 concerns · Avg: 3.0/10
P/E RatioValuation
25.2x4/10

Moderate valuation

Debt/EquityHealth
1.713/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Altman Z-ScoreHealth
0.422/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BXP

The strongest argument for BXP centers on EPS Growth, Price/Book, Operating Margin.

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.

Bear Case : BXP

The primary concerns for BXP are P/E Ratio, Revenue Growth, Return on Equity. Debt-to-equity of 3.10 is elevated, increasing financial risk.

Bear Case : CDP

The primary concerns for CDP are P/E Ratio, Debt/Equity, Piotroski F-Score. Debt-to-equity of 1.71 is elevated, increasing financial risk.

Key Dynamics to Monitor

BXP profiles as a value stock while CDP is a mature play — different risk/reward profiles.

BXP carries more volatility with a beta of 1.06 — expect wider price swings.

CDP is growing revenue faster at 7.3% — sustainability is the question.

CDP generates stronger free cash flow (90M), providing more financial flexibility.

Bottom Line

CDP scores higher overall (64/100 vs 62/100), backed by strong 20.0% margins. BXP offers better value entry with a 46.3% 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.

BXP, Inc.

REAL ESTATE · REIT - OFFICE · USA

Boston Properties, Inc. is a publicly traded real estate investment trust that invests in office buildings in Boston, Los Angeles, New York City, San Francisco, and Washington, D.C.

Visit Website →

COPT Defense Properties

REAL ESTATE · REIT - OFFICE · USA

COPT Defense Properties (CDP) is a specialized real estate investment trust (REIT) that concentrates on the acquisition, development, and management of properties catering to defense and government contractors. Positioned near key defense installations, CDP is strategically aligned to provide stable, long-term cash flows while effectively meeting the evolving demands of its tenants. The company’s disciplined capital allocation strategy, combined with a robust development pipeline, reinforces its commitment to enhancing shareholder value while contributing to national security initiatives.

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