US · CDP
COPT Defense Properties
- Sector
- Real Estate · REIT - Office
- Headquarters
- Columbia, MD 21046-2383
- Website
- copt.com
Price · as of 2025-12-31
$31.01
Market cap 3.6B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $30.44 | -1.84% |
| Intrinsic Value(DCF) | $13.61 | -56.11% |
| Graham-Dodd Method(GD) | $20.23 | -34.76% |
| Graham Formula(GF) | $12.82 | -58.66% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $13.05 | $28.09 | $4.03 | $0.00 | $0.00 |
| 2012 | $15.54 | $20.18 | $0.00 | $0.00 | $3.14 |
| 2013 | $15.56 | $15.96 | $0.23 | $2.02 | $12.52 |
| 2014 | $18.40 | $15.19 | $0.00 | $0.00 | $8.76 |
| 2015 | $16.68 | $20.32 | $0.00 | $7.12 | $27.42 |
| 2016 | $22.42 | $24.52 | $0.00 | $0.00 | $0.09 |
| 2017 | $18.63 | $24.24 | $0.00 | $0.26 | $10.01 |
| 2018 | $19.31 | $30.39 | $1.76 | $2.51 | $1.84 |
| 2019 | $21.52 | $16.70 | $1.15 | $7.17 | $23.58 |
| 2020 | $21.73 | $18.38 | $3.77 | $2.66 | $3.25 |
| 2021 | $23.95 | $24.73 | $0.00 | $1.36 | $14.58 |
| 2022 | $20.97 | $23.57 | $0.00 | $6.18 | $29.09 |
| 2023 | $22.65 | $23.45 | $1.85 | $0.00 | $0.00 |
| 2024 | $25.99 | $28.21 | $0.00 | $1.87 | $21.89 |
| 2025 | $32.10 | $30.44 | $1.64 | $20.23 | $12.82 |
AI valuation
Our deep-learning model estimates COPT Defense Properties's (CDP) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $30.44
- Current price
- $31.01
- AI upside
- -1.84%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$13.61
-56.11% upside
Graham-Dodd
$20.23
-34.76% upside
Graham Formula
$12.82
-58.66% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| CDP | COPT Defense Properties | $31.01 | 3.6B | -2% | -56% | -35% | -59% | 22.64 | 2.38 | 4.73 | 15.04 | 253.15 | 2.42 | 15.43% | 30.16% | 19.94% | 10.61% | 5.80% | 3.56% | 1.86 | 2.66 | 5.51 | 5.51 | 6.21 | 894.00% | 141.00% | 344.00% | 8.58% | 3.34 | 7.80% | 0.00% | 0.00% | 0.00% | 26.70 | 19.84 | 8.05 | 1.13 |
| ABR | Arbor Realty Trust, Inc. | $7.93 | 1.55B | +413% | +119% | +122% | — | 10.50 | 0.56 | 15.12 | 1.36 | — | 0.58 | -58.87% | 19.47% | 98.00% | 5.28% | 0.28% | 1.13% | 0.00 | 0.03 | — | — | -0.56 | -5254.00% | -8253.00% | -1931.00% | 22.47% | — | 4.95% | 0.00% | 0.00% | 604.87% | 55.02 | 3.15 | 10.72 | 0.13 |
| BXMT | Blackstone Mortgage Trust… | $19.21 | 3.24B | +331% | -59% | — | — | — | 0.96 | 2.21 | 16.36 | — | 0.99 | 76.86% | 71.65% | 7.20% | 0.00% | 5.49% | 0.00% | 4.62 | 1.10 | 8.71 | 8.71 | 13.48 | -15470.00% | -1396.00% | -2460.00% | 8.21% | 0.13 | 1.44% | 9.61% | — | 12.87% | 17.51 | 69.18 | 12.55 | 1.21 |
| HIW | Highwoods Properties, Inc… | $22.49 | 2.47B | +2% | -57% | — | -62% | 33151.75 | 1.03 | 3.04 | 9.94 | 61103.23 | 1.15 | 67.58% | 25.99% | 19.80% | 0.00% | 3.61% | 0.00% | 1.53 | 1.37 | 42.45 | 43.83 | 5.92 | 5426.00% | -239.00% | -5873.00% | 6.79% | 41.73 | 2.87% | 8.93% | 296063.50% | 9.02% | 28.94 | 36.40 | 7.52 | 0.50 |
| OUT | Outfront Media Inc. | $28.81 | 4.82B | +11% | -57% | — | -75% | 33.21 | 6.87 | 2.66 | 13.97 | — | -2.56 | 32.36% | 17.00% | 8.03% | 19.88% | 8.91% | 2.79% | 2.18 | 2.13 | 0.92 | 0.18 | 3.20 | -4710.00% | 4.00% | -104.00% | 4.48% | 0.56 | 6.35% | 4.31% | 143.10% | 55.90% | 20.33 | 28.93 | 3.46 | 1.17 |
| PSA | Public Storage | $307.06 | 53.89B | -25% | -48% | — | -64% | 30.36 | 5.90 | 11.31 | 19.87 | — | 6.06 | 24.96% | 46.73% | 36.99% | 18.96% | 11.93% | 8.99% | 1.11 | 7.40 | 0.75 | 0.75 | 3.06 | -1532.00% | 274.00% | 697.00% | 5.31% | 5.20 | 15.33% | 4.22% | 128.20% | 4.22% | 28.61 | 22.26 | 13.37 | 3.53 |
| RYN | Rayonier Inc. | $21.49 | 3.47B | +11% | -39% | -94% | — | 6.97 | 1.52 | 6.91 | 16.53 | — | 1.52 | 32.47% | 17.19% | 97.92% | 24.15% | 3.26% | 13.97% | 0.49 | 3.17 | 3.11 | 3.11 | 1.06 | -8159.00% | -6164.00% | 2995.00% | 6.17% | 0.95 | 8.15% | 8.72% | 60.80% | 29.71% | 42.96 | 17.31 | 7.39 | 2.28 |
| VNO | Vornado Realty Trust | $27.58 | 5.26B | +12% | -60% | +41% | +59% | 5.60 | 0.88 | 2.90 | 6.96 | 0.05 | 0.89 | 100.00% | 15.03% | 49.99% | 16.82% | 2.03% | 5.95% | 1.32 | 0.77 | 1.80 | 1.67 | 3.99 | 1040000.00% | 127.00% | 13402.00% | 23.97% | 1.15 | 9.52% | 3.87% | 21.70% | 27.97% | 45.18 | 9.77 | 6.79 | 0.29 |
About COPT Defense Properties
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities servicing what the Company believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties). As of June 30, 2023, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio of 192 properties encompassed 22.9 million square feet and was 95% leased.
- CEO
- Stephen E. Budorick
- Employees
- 427
- Beta
- 0.88
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($13.61 ÷ $31.01) − 1 = -56.11% (DCF, example).