WallStSmart

COPT Defense Properties (CDP)vsFranklin Street Properties Corp (FSP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

COPT Defense Properties generates 615% more annual revenue ($766.73M vs $107.16M). CDP leads profitability with a 19.9% profit margin vs -42.0%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 62/100 (C+).

CDP

Buy

62

out of 100

Grade: C+

Growth: 7.3Profit: 7.5Value: 7.3Quality: 4.5
Piotroski: 4/9Altman Z: 0.41

FSP

Hold

45

out of 100

Grade: D+

Growth: 4.7Profit: 2.0Value: 4.0Quality: 6.5
Piotroski: 5/9Altman Z: 0.45
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CDPSignificantly Overvalued (-35.5%)

Margin of Safety

-35.5%

Fair Value

$23.91

Current Price

$31.53

$7.62 premium

UndervaluedFair: $23.91Overvalued

Intrinsic value data unavailable for FSP.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CDP2 strengths · Avg: 8.0/10
Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.6%8/10

Strong operational efficiency at 29.6%

FSP2 strengths · Avg: 10.0/10
Price/BookValuation
0.1x10/10

Reasonable price relative to book value

EPS GrowthGrowth
317.6%10/10

Earnings expanding 317.6% YoY

Areas to Watch

CDP1 concerns · Avg: 2.0/10
Altman Z-ScoreHealth
0.412/10

Distress zone — elevated risk

FSP4 concerns · Avg: 2.3/10
Market CapQuality
$59.48M3/10

Smaller company, higher risk/reward

PEG RatioValuation
9.822/10

Expensive relative to growth rate

Return on EquityProfitability
-7.1%2/10

ROE of -7.1% — below average capital efficiency

Revenue GrowthGrowth
-8.2%2/10

Revenue declined 8.2%

Comparative Analysis Report

WallStSmart Research

Bull Case : CDP

The strongest argument for CDP centers on Price/Book, Operating Margin. Profitability is solid with margins at 19.9% and operating margin at 29.6%. PEG of 1.03 suggests the stock is reasonably priced for its growth.

Bull Case : FSP

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

Bear Case : CDP

The primary concerns for CDP are Altman Z-Score.

Bear Case : FSP

The primary concerns for FSP are Market Cap, PEG Ratio, Return on Equity.

Key Dynamics to Monitor

CDP profiles as a mature stock while FSP is a turnaround play — different risk/reward profiles.

FSP carries more volatility with a beta of 0.89 — expect wider price swings.

CDP is growing revenue faster at 7.6% — sustainability is the question.

CDP generates stronger free cash flow (61M), providing more financial flexibility.

Bottom Line

CDP scores higher overall (62/100 vs 45/100), backed by strong 19.9% margins. Both earn "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 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.

Franklin Street Properties Corp

REAL ESTATE · REIT - OFFICE · USA

Franklin Street Properties Corp (FSP) is a prominent real estate investment trust (REIT) dedicated to the acquisition, development, and management of high-quality office and industrial properties throughout the United States. Its diversified portfolio, strategically situated in key urban markets, aims to deliver robust income streams while enhancing shareholder returns through asset optimization and sustainable practices. Led by an experienced management team, FSP employs a disciplined investment approach that enables it to seize emerging opportunities in the ever-evolving real estate landscape, solidifying its reputation as a dependable leader in the REIT sector.

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