WallStSmart

COPT Defense Properties (CDP)vsPiedmont Office Realty Trust Inc (PDM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

COPT Defense Properties generates 38% more annual revenue ($788.06M vs $569.43M). CDP leads profitability with a 20.8% profit margin vs -14.2%. CDP appears more attractively valued with a PEG of 1.03. 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

PDM

Hold

39

out of 100

Grade: F

Growth: 3.3Profit: 3.5Value: 4.0Quality: 3.0
Piotroski: 3/9Altman Z: -0.21
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

Intrinsic value data unavailable for PDM.

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

PDM1 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

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

PDM4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
2.7%4/10

2.7% revenue growth

Market CapQuality
$1.18B3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.543/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

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 : PDM

The strongest argument for PDM centers on Price/Book.

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 : PDM

The primary concerns for PDM are Revenue Growth, Market Cap, Debt/Equity. Debt-to-equity of 1.54 is elevated, increasing financial risk.

Key Dynamics to Monitor

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

PDM carries more volatility with a beta of 1.35 — expect wider price swings.

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

CDP generates stronger free cash flow (42M), providing more financial flexibility.

Bottom Line

CDP scores higher overall (66/100 vs 39/100), backed by strong 20.8% margins. 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.

Piedmont Office Realty Trust Inc

REAL ESTATE · REIT - OFFICE · USA

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is the owner, manager, developer, remodeler, and operator of high-quality Class A office properties located primarily in select submarkets within the seven major eastern US office markets. Most of your income is generated at Sunbelt.

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