COPT Defense Properties (CDP)vsVornado Realty Trust (VNO)
CDP
COPT Defense Properties
$37.14
-0.19%
REAL ESTATE · Cap: $4.38B
VNO
Vornado Realty Trust
$39.50
+1.44%
REAL ESTATE · Cap: $8.07B
Smart Verdict
WallStSmart Research — data-driven comparison
Vornado Realty Trust generates 135% more annual revenue ($1.85B vs $788.06M). VNO leads profitability with a 42.9% profit margin vs 20.8%. CDP appears more attractively valued with a PEG of 1.03. CDP earns a higher WallStSmart Score of 66/100 (B-).
CDP
Strong Buy66
out of 100
Grade: B-
VNO
Buy61
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+18.5%
Fair Value
$39.73
Current Price
$37.14
$2.59 discount
Margin of Safety
+33.2%
Fair Value
$45.30
Current Price
$39.50
$5.80 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 32.2%
Keeps 21 of every $100 in revenue as profit
Reasonable price relative to book value
Attractively priced relative to earnings
Keeps 43 of every $100 in revenue as profit
Earnings expanding 1263.0% YoY
Reasonable price relative to book value
Areas to Watch
Moderate valuation
3.9% revenue growth
Weak financial health signals
Negative free cash flow — burning cash
Expensive relative to growth rate
Elevated debt levels
Revenue declined 2.2%
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull 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 : VNO
The strongest argument for VNO centers on P/E Ratio, Profit Margin, EPS Growth. Profitability is solid with margins at 42.9% and operating margin at 13.7%.
Bear Case : CDP
The primary concerns for CDP are P/E Ratio, Revenue Growth, Piotroski F-Score.
Bear Case : VNO
The primary concerns for VNO are PEG Ratio, Debt/Equity, Revenue Growth.
Key Dynamics to Monitor
CDP profiles as a value stock while VNO is a declining play — different risk/reward profiles.
VNO carries more volatility with a beta of 1.53 — expect wider price swings.
CDP is growing revenue faster at 3.9% — sustainability is the question.
VNO generates stronger free cash flow (48M), providing more financial flexibility.
Bottom Line
CDP scores higher overall (66/100 vs 61/100), backed by strong 20.8% margins. VNO offers better value entry with a 33.2% 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.
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.
Vornado Realty Trust
REAL ESTATE · REIT - OFFICE · USA
Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
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