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CDP vs BXP
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
CDP vs BXP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $3.61B | $9.43B |
| Revenue (TTM) | $777M | $3.48B |
| Net Income (TTM) | $156M | $277M |
| Gross Margin | 31.9% | 60.6% |
| Operating Margin | 30.1% | 42.3% |
| Forward P/E | 23.8x | 34.7x |
| Total Debt | $2.81B | $17.36B |
| Cash & Equiv. | $275M | $1.48B |
CDP vs BXP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| COPT Defense Proper… (CDP) | 100 | 127.0 | +27.0% |
| BXP, Inc. (BXP) | 100 | 69.1 | -30.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CDP vs BXP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CDP carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 0.37, yield 3.8%
- 59.0% 10Y total return vs BXP's -27.8%
- Lower volatility, beta 0.37, current ratio 1.64x
BXP is the clearest fit if your priority is growth exposure and defensive.
- Rev growth 2.2%, EPS growth 18.3%, 3Y rev CAGR 3.9%
- Beta 0.96, yield 6.8%, current ratio 2.28x
- 2.2% FFO/revenue growth vs CDP's 1.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 2.2% FFO/revenue growth vs CDP's 1.4% | |
| Value | Lower P/E (23.8x vs 34.7x) | |
| Quality / Margins | 20.1% margin vs BXP's 8.0% | |
| Stability / Safety | Beta 0.37 vs BXP's 0.96, lower leverage | |
| Dividends | 3.8% yield, 1-year raise streak, vs BXP's 6.8% | |
| Momentum (1Y) | +24.2% vs BXP's -2.4% | |
| Efficiency (ROA) | 3.5% ROA vs BXP's 1.1%, ROIC 4.3% vs 6.1% |
CDP vs BXP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CDP vs BXP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — CDP and BXP each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXP is the larger business by revenue, generating $3.5B annually — 4.5x CDP's $777M. CDP is the more profitable business, keeping 20.1% of every revenue dollar as net income compared to BXP's 8.0%. On growth, CDP holds the edge at +6.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $777M | $3.5B |
| EBITDAEarnings before interest/tax | $399M | $2.4B |
| Net IncomeAfter-tax profit | $156M | $277M |
| Free Cash FlowCash after capex | $215M | $690M |
| Gross MarginGross profit ÷ Revenue | +31.9% | +60.6% |
| Operating MarginEBIT ÷ Revenue | +30.1% | +42.3% |
| Net MarginNet income ÷ Revenue | +20.1% | +8.0% |
| FCF MarginFCF ÷ Revenue | +27.7% | +19.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.8% | +2.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.7% | +2.1% |
Valuation Metrics
BXP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 23.7x trailing earnings, CDP trades at a 31% valuation discount to BXP's 34.2x P/E. On an enterprise value basis, BXP's 8.9x EV/EBITDA is more attractive than CDP's 15.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.6B | $9.4B |
| Enterprise ValueMkt cap + debt − cash | $6.1B | $25.3B |
| Trailing P/EPrice ÷ TTM EPS | 23.74x | 34.17x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.75x | 34.66x |
| PEG RatioP/E ÷ EPS growth rate | 2.63x | — |
| EV / EBITDAEnterprise value multiple | 15.67x | 8.89x |
| Price / SalesMarket cap ÷ Revenue | 4.72x | 2.71x |
| Price / BookPrice ÷ Book value/share | 2.27x | 1.23x |
| Price / FCFMarket cap ÷ FCF | 14.22x | 13.68x |
Profitability & Efficiency
CDP leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CDP delivers a 9.9% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $4 for BXP. CDP carries lower financial leverage with a 1.77x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXP's 2.26x. On the Piotroski fundamental quality scale (0–9), BXP scores 6/9 vs CDP's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.9% | +3.6% |
| ROA (TTM)Return on assets | +3.5% | +1.1% |
| ROICReturn on invested capital | +4.3% | +6.1% |
| ROCEReturn on capital employed | +5.6% | +7.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.77x | 2.26x |
| Net DebtTotal debt minus cash | $2.5B | $15.9B |
| Cash & Equiv.Liquid assets | $275M | $1.5B |
| Total DebtShort + long-term debt | $2.8B | $17.4B |
| Interest CoverageEBIT ÷ Interest expense | 2.80x | 1.59x |
Total Returns (Dividends Reinvested)
CDP leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CDP five years ago would be worth $13,417 today (with dividends reinvested), compared to $7,232 for BXP. Over the past 12 months, CDP leads with a +24.2% total return vs BXP's -2.4%. The 3-year compound annual growth rate (CAGR) favors CDP at 13.5% vs BXP's 11.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +16.9% | -11.3% |
| 1-Year ReturnPast 12 months | +24.2% | -2.4% |
| 3-Year ReturnCumulative with dividends | +46.4% | +38.2% |
| 5-Year ReturnCumulative with dividends | +34.2% | -27.7% |
| 10-Year ReturnCumulative with dividends | +59.0% | -27.8% |
| CAGR (3Y)Annualised 3-year return | +13.5% | +11.4% |
Risk & Volatility
CDP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CDP is the less volatile stock with a 0.37 beta — it tends to amplify market swings less than BXP's 0.96 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CDP currently trades 95.6% from its 52-week high vs BXP's 75.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.38x | 0.97x |
| 52-Week HighHighest price in past year | $33.29 | $79.33 |
| 52-Week LowLowest price in past year | $26.37 | $49.72 |
| % of 52W HighCurrent price vs 52-week peak | +95.6% | +75.0% |
| RSI (14)Momentum oscillator 0–100 | 51.2 | 63.7 |
| Avg Volume (50D)Average daily shares traded | 898K | 2.4M |
Analyst Outlook
Evenly matched — CDP and BXP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CDP as "Buy" and BXP as "Buy". Consensus price targets imply 21.3% upside for BXP (target: $72) vs 13.2% for CDP (target: $36). For income investors, BXP offers the higher dividend yield at 6.81% vs CDP's 3.79%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $36.00 | $72.10 |
| # AnalystsCovering analysts | 21 | 42 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | +6.8% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $1.21 | $4.05 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
CDP leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). BXP leads in 1 (Valuation Metrics). 2 tied.
CDP vs BXP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CDP or BXP a better buy right now?
For growth investors, BXP, Inc.
(BXP) is the stronger pick with 2. 2% revenue growth year-over-year, versus 1. 4% for COPT Defense Properties (CDP). COPT Defense Properties (CDP) offers the better valuation at 23. 7x trailing P/E (23. 8x forward), making it the more compelling value choice. Analysts rate COPT Defense Properties (CDP) a "Buy" — based on 21 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CDP or BXP?
On trailing P/E, COPT Defense Properties (CDP) is the cheapest at 23.
7x versus BXP, Inc. at 34. 2x. On forward P/E, COPT Defense Properties is actually cheaper at 23. 8x.
03Which is the better long-term investment — CDP or BXP?
Over the past 5 years, COPT Defense Properties (CDP) delivered a total return of +34.
2%, compared to -27. 7% for BXP, Inc. (BXP). Over 10 years, the gap is even starker: CDP returned +58. 6% versus BXP's -27. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CDP or BXP?
By beta (market sensitivity over 5 years), COPT Defense Properties (CDP) is the lower-risk stock at 0.
38β versus BXP, Inc. 's 0. 97β — meaning BXP is approximately 156% more volatile than CDP relative to the S&P 500. On balance sheet safety, COPT Defense Properties (CDP) carries a lower debt/equity ratio of 177% versus 2% for BXP, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CDP or BXP?
By revenue growth (latest reported year), BXP, Inc.
(BXP) is pulling ahead at 2. 2% versus 1. 4% for COPT Defense Properties (CDP). On earnings-per-share growth, the picture is similar: BXP, Inc. grew EPS 1833% year-over-year, compared to 8. 9% for COPT Defense Properties. Over a 3-year CAGR, BXP leads at 3. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CDP or BXP?
COPT Defense Properties (CDP) is the more profitable company, earning 19.
9% net margin versus 7. 9% for BXP, Inc. — meaning it keeps 19. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXP leads at 55. 7% versus 30. 2% for CDP. At the gross margin level — before operating expenses — BXP leads at 60. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CDP or BXP more undervalued right now?
On forward earnings alone, COPT Defense Properties (CDP) trades at 23.
8x forward P/E versus 34. 7x for BXP, Inc. — 10. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BXP: 21. 3% to $72. 10.
08Which pays a better dividend — CDP or BXP?
All stocks in this comparison pay dividends.
BXP, Inc. (BXP) offers the highest yield at 6. 8%, versus 3. 8% for COPT Defense Properties (CDP).
09Is CDP or BXP better for a retirement portfolio?
For long-horizon retirement investors, COPT Defense Properties (CDP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
38), 3. 8% yield). Both have compounded well over 10 years (CDP: +58. 6%, BXP: -27. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CDP and BXP?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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