(CDP) COPT Defense Properties - Ratings and Ratios
Office Buildings, Tech Space, Secure Facilities, Defense Sites
CDP EPS (Earnings per Share)
CDP Revenue
Description: CDP COPT Defense Properties
COPT Defense Properties is a self-managed REIT that specializes in owning, operating, and developing properties near key U.S. Government defense installations and missions. The companys portfolio is comprised of 198 properties, including 24 owned through unconsolidated joint ventures, totaling 22.6 million square feet and boasting a high occupancy rate of 96.6% as of March 31, 2025.
The companys tenant base is primarily composed of the U.S. Government and their defense contractors, who require specialized, mission-critical, and high-security properties. This unique tenant profile provides a stable source of revenue, as these tenants are generally engaged in priority national security activities. Key performance indicators (KPIs) to monitor COPT Defense Properties performance include Funds From Operations (FFO) per share, Adjusted Funds From Operations (AFFO) per share, and the debt-to-equity ratio. A high FFO and AFFO growth rate, combined with a manageable debt-to-equity ratio, would indicate a strong financial position.
Additionally, the companys focus on defense-related properties provides a level of insulation from broader market trends, as demand for these properties is driven by government needs rather than commercial market conditions. The companys dividend yield and payout ratio are also important metrics to consider, as REITs are required to distribute a significant portion of their income to shareholders. A stable or growing dividend yield, combined with a sustainable payout ratio, would be a positive indicator of the companys financial health.
From a valuation perspective, metrics such as the price-to-FFO ratio and the capitalization rate (cap rate) can provide insight into the companys relative value compared to its peers. A lower price-to-FFO ratio and a higher cap rate may indicate that the company is undervalued, presenting a potential buying opportunity. Overall, COPT Defense Properties unique business model, stable tenant base, and strong financials make it an attractive investment opportunity for those seeking exposure to the defense sector.
CDP Stock Overview
| Market Cap in USD | 3,203m |
| Sub-Industry | Office REITs |
| IPO / Inception | 1991-12-31 |
CDP Stock Ratings
| Growth Rating | 9.09% |
| Fundamental | 66.7% |
| Dividend Rating | 63.8% |
| Return 12m vs S&P 500 | -10.6% |
| Analyst Rating | 4.25 of 5 |
CDP Dividends
| Dividend Yield 12m | 4.27% |
| Yield on Cost 5y | 5.91% |
| Annual Growth 5y | 1.41% |
| Payout Consistency | 95.2% |
| Payout Ratio | 93.8% |
CDP Growth Ratios
| Growth Correlation 3m | 18.6% |
| Growth Correlation 12m | -55.6% |
| Growth Correlation 5y | 57.7% |
| CAGR 5y | 6.68% |
| CAGR/Max DD 5y | 0.28 |
| Sharpe Ratio 12m | 0.72 |
| Alpha | -5.77 |
| Beta | 0.327 |
| Volatility | 19.88% |
| Current Volume | 1225k |
| Average Volume 20d | 690.7k |
| Stop Loss | 27.2 (-3.1%) |
| Signal | 2.28 |
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (144.3m TTM) > 0 and > 6% of Revenue (6% = 45.0m TTM) |
| FCFTA 0.07 (>2.0%) and ΔFCFTA 1.41pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 25.72% (prev 37.90%; Δ -12.19pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 326.1m > Net Income 144.3m (YES >=105%, WARN >=100%) |
| Net Debt (2.42b) to EBITDA (300.3m) ratio: 8.05 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.07 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (113.2m) change vs 12m ago 0.34% (target <= -2.0% for YES) |
| Gross Margin 67.19% (prev 33.92%; Δ 33.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 17.64% (prev 17.28%; Δ 0.37pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 152.3 (EBITDA TTM 300.3m / Interest Expense TTM 947.0k) >= 6 (WARN >= 3) |
Altman Z'' -0.62
| (A) 0.05 = (Total Current Assets 372.7m - Total Current Liabilities 179.8m) / Total Assets 4.29b |
| (B) -0.23 = Retained Earnings (Balance) -999.2m / Total Assets 4.29b |
| (C) 0.03 = EBIT TTM 144.2m / Avg Total Assets 4.25b |
| (D) -0.37 = Book Value of Equity -998.1m / Total Liabilities 2.72b |
| Total Rating: -0.62 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 66.73
| 1. Piotroski 6.50pt = 1.50 |
| 2. FCF Yield 5.51% = 2.75 |
| 3. FCF Margin 40.38% = 7.50 |
| 4. Debt/Equity 1.50 = 1.47 |
| 5. Debt/Ebitda 7.72 = -2.50 |
| 6. ROIC - WACC 0.62% = 0.78 |
| 7. RoE 9.59% = 0.80 |
| 8. Rev. Trend 66.04% = 3.30 |
| 9. Rev. CAGR 1.46% = 0.18 |
| 10. EPS Trend 5.95% = 0.15 |
| 11. EPS CAGR 7.96% = 0.80 |
What is the price of CDP shares?
Over the past week, the price has changed by +2.30%, over one month by +1.68%, over three months by +6.62% and over the past year by +2.59%.
Is COPT Defense Properties a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CDP is around 28.35 USD . This means that CDP is currently overvalued and has a potential downside of 1%.
Is CDP a buy, sell or hold?
- Strong Buy: 5
- Buy: 0
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CDP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 31.9 | 13.5% |
| Analysts Target Price | 31.4 | 11.8% |
| ValueRay Target Price | 30.1 | 7.1% |
Last update: 2025-08-11 02:07
CDP Fundamental Data Overview
CCE Cash And Equivalents = 21.3m USD (last quarter)
P/E Trailing = 21.8661
P/S = 4.262
P/B = 2.0939
Beta = 0.891
Revenue TTM = 750.4m USD
EBIT TTM = 144.2m USD
EBITDA TTM = 300.3m USD
Long Term Debt = 2.32b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (0.0)
Debt = 2.32b USD (Calculated: Short Term 0.0 + Long Term 2.32b)
Net Debt = 2.42b USD (from netDebt column, last quarter)
Enterprise Value = 5.50b USD (3.20b + Debt 2.32b - CCE 21.3m)
Interest Coverage Ratio = 152.3 (Ebit TTM 144.2m / Interest Expense TTM 947.0k)
FCF Yield = 5.51% (FCF TTM 303.0m / Enterprise Value 5.50b)
FCF Margin = 40.38% (FCF TTM 303.0m / Revenue TTM 750.4m)
Net Margin = 19.23% (Net Income TTM 144.3m / Revenue TTM 750.4m)
Gross Margin = 67.19% ((Revenue TTM 750.4m - Cost of Revenue TTM 246.2m) / Revenue TTM)
Tobins Q-Ratio = -5.51 (set to none) (Enterprise Value 5.50b / Book Value Of Equity -998.1m)
Interest Expense / Debt = -2.67% (Interest Expense -61.9m / Debt 2.32b)
Taxrate = 0.20% (from yearly Income Tax Expense: 288.0k / 144.2m)
NOPAT = 143.9m (EBIT 144.2m * (1 - 0.20%))
Current Ratio = 2.07 (Total Current Assets 372.7m / Total Current Liabilities 179.8m)
Debt / Equity = 1.50 (Debt 2.32b / last Quarter total Stockholder Equity 1.55b)
Debt / EBITDA = 7.72 (Net Debt 2.42b / EBITDA 300.3m)
Debt / FCF = 7.65 (Debt 2.32b / FCF TTM 303.0m)
Total Stockholder Equity = 1.50b (last 4 quarters mean)
RoA = 3.37% (Net Income 144.3m, Total Assets 4.29b )
RoE = 9.59% (Net Income TTM 144.3m / Total Stockholder Equity 1.50b)
RoCE = 3.77% (Ebit 144.2m / (Equity 1.50b + L.T.Debt 2.32b))
RoIC = 3.69% (NOPAT 143.9m / Invested Capital 3.90b)
WACC = 3.07% (E(3.20b)/V(5.52b) * Re(7.22%)) + (D(2.32b)/V(5.52b) * Rd(-2.67%) * (1-Tc(0.00)))
Shares Correlation 5-Years: 80.0 | Cagr: 0.15%
Discount Rate = 7.22% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 80.08% ; FCFE base≈277.3m ; Y1≈316.1m ; Y5≈436.0m
Fair Price DCF = 66.77 (DCF Value 7.54b / Shares Outstanding 112.9m; 5y FCF grow 16.36% → 3.0% )
Revenue Correlation: 66.04 | Revenue CAGR: 1.46%
Rev Growth-of-Growth: 0.14
EPS Correlation: 5.95 | EPS CAGR: 7.96%
EPS Growth-of-Growth: 101.6
Additional Sources for CDP Stock
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Fund Manager Positions: Dataroma | Stockcircle