WallStSmart

COPT Defense Properties (CDP)vsEerly Govt Ppty Inc (DEA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

COPT Defense Properties generates 117% more annual revenue ($788.06M vs $363.53M). CDP leads profitability with a 20.8% profit margin vs 2.8%. CDP trades at a lower P/E of 25.9x. CDP earns a higher WallStSmart Score of 66/100 (B-).

CDP

Strong Buy

66

out of 100

Grade: B-

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

DEA

Hold

46

out of 100

Grade: D+

Growth: 4.0Profit: 5.5Value: 5.7Quality: 3.0
Piotroski: 2/9Altman Z: 0.51
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CDPUndervalued (+18.2%)

Margin of Safety

+18.2%

Fair Value

$39.61

Current Price

$35.43

$4.18 discount

UndervaluedFair: $39.61Overvalued
DEAUndervalued (+61.0%)

Margin of Safety

+61.0%

Fair Value

$61.98

Current Price

$23.89

$38.09 discount

UndervaluedFair: $61.98Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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
2.6x8/10

Reasonable price relative to book value

DEA2 strengths · Avg: 9.0/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Operating MarginProfitability
25.1%8/10

Strong operational efficiency at 25.1%

Areas to Watch

CDP4 concerns · Avg: 3.5/10
P/E RatioValuation
25.9x4/10

Moderate valuation

Revenue GrowthGrowth
3.9%4/10

3.9% revenue growth

Debt/EquityHealth
1.753/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

DEA4 concerns · Avg: 3.0/10
Market CapQuality
$1.18B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.9%3/10

ROE of 0.9% — below average capital efficiency

Profit MarginProfitability
2.8%3/10

2.8% margin — thin

Debt/EquityHealth
1.313/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : DEA

The strongest argument for DEA centers on Price/Book, Operating Margin.

Bear Case : CDP

The primary concerns for CDP are P/E Ratio, Revenue Growth, Debt/Equity. Debt-to-equity of 1.75 is elevated, increasing financial risk.

Bear Case : DEA

The primary concerns for DEA are Market Cap, Return on Equity, Profit Margin. A P/E of 126.2x leaves little room for execution misses. Thin 2.8% margins leave little buffer for downturns.

Key Dynamics to Monitor

DEA carries more volatility with a beta of 0.95 — expect wider price swings.

DEA is growing revenue faster at 9.2% — sustainability is the question.

DEA generates stronger free cash flow (45M), providing more financial flexibility.

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

Bottom Line

CDP scores higher overall (66/100 vs 46/100), backed by strong 20.8% margins. DEA offers better value entry with a 61.0% margin of safety. Both earn "Strong Buy" and "Hold" 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.

Eerly Govt Ppty Inc

REAL ESTATE · REIT - OFFICE · USA

Easterly Government Properties, Inc. (NYSE: DEA) is headquartered in Washington, DC and focuses primarily on the acquisition, development, and management of Class A commercial properties that are leased to the US government.

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