CDP
COPT Defense Properties
REIT - Office
Market Cap$3.60B
5Y Perf.+27.1%
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Stock Comparison
CDP vs DEA
Revenue, margins, valuation, and 5-year total return — side by side.
DEA
Easterly Government Properties, Inc.
REIT - Office
Market Cap$1.08B
5Y Perf.-62.8%
CDP vs DEA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CDP | DEA |
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $3.60B | $1.08B |
| Revenue (TTM) | $777M | $344M |
| Net Income (TTM) | $156M | $15M |
| Gross Margin | 31.9% | 49.7% |
| Operating Margin | 30.1% | 24.9% |
| Forward P/E | 23.7x | 69.5x |
| Total Debt | $2.81B | $1.68B |
| Cash & Equiv. | $275M | $23M |
CDP vs DEA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CDP
DEA
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| COPT Defense Proper… (CDP) | 100 | 127.1 | +27.1% |
| Easterly Government… (DEA) | 100 | 37.2 | -62.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CDP vs DEA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CDP leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Easterly Government Properties, Inc. is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
CDP
COPT Defense Properties
The Real Estate Income Play
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%
- 60.4% 10Y total return vs DEA's -10.5%
- Lower volatility, beta 0.37, current ratio 1.64x
Best for: income & stability and long-term compounding
DEA
Easterly Government Properties, Inc.
The Real Estate Income Play
DEA is the clearest fit if your priority is growth exposure.
- Rev growth 11.3%, EPS growth -37.0%, 3Y rev CAGR 4.6%
- 11.3% FFO/revenue growth vs CDP's 1.4%
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | DEA | 11.3% FFO/revenue growth vs CDP's 1.4% |
| Value | CDP | Lower P/E (23.7x vs 69.5x) |
| Quality / Margins | CDP | 20.1% margin vs DEA's 4.3% |
| Stability / Safety | CDP | Beta 0.37 vs DEA's 0.51 |
| Dividends | CDP | 3.8% yield, 1-year raise streak, vs DEA's 9.0% |
| Momentum (1Y) | CDP | +24.6% vs DEA's +21.4% |
| Efficiency (ROA) | CDP | 3.5% ROA vs DEA's 0.4%, ROIC 4.3% vs 2.1% |
CDP vs DEA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
CDP vs DEA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCDPLAGGINGDEA
DEAEasterly Government P…
1leads
CDPCOPT Defense Properti…
3leads
6 Total Categories
CATEGORYLEADERvs DEAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
DEA4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CDP6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CDP6/6
Risk & VolatilityBeta, volatility, and downside exposure
CDP2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
Evenly matched — CDP and DEA each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CDP is the larger business by revenue, generating $777M annually — 2.3x DEA's $344M. CDP is the more profitable business, keeping 20.1% of every revenue dollar as net income compared to DEA's 4.3%. On growth, DEA holds the edge at +10.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CDPCOPT Defense Prop… | DEAEasterly Governme… |
|---|---|---|
| RevenueTrailing 12 months | $777M | $344M |
| EBITDAEarnings before interest/tax | $399M | $203M |
| Net IncomeAfter-tax profit | $156M | $15M |
| Free Cash FlowCash after capex | $215M | $262M |
| Gross MarginGross profit ÷ Revenue | +31.9% | +49.7% |
| Operating MarginEBIT ÷ Revenue | +30.1% | +24.9% |
| Net MarginNet income ÷ Revenue | +20.1% | +4.3% |
| FCF MarginFCF ÷ Revenue | +27.7% | +76.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.8% | +10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.7% | -55.4% |
Evenly matched — CDP and DEA each lead in 3 of 6 comparable metrics.
Valuation Metrics
DEA leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 23.7x trailing earnings, CDP trades at a 71% valuation discount to DEA's 80.3x P/E. On an enterprise value basis, DEA's 13.9x EV/EBITDA is more attractive than CDP's 15.6x.
| Metric | CDPCOPT Defense Prop… | DEAEasterly Governme… |
|---|---|---|
| Market CapShares × price | $3.6B | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $6.1B | $2.7B |
| Trailing P/EPrice ÷ TTM EPS | 23.68x | 80.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.69x | 69.52x |
| PEG RatioP/E ÷ EPS growth rate | 2.62x | — |
| EV / EBITDAEnterprise value multiple | 15.64x | 13.85x |
| Price / SalesMarket cap ÷ Revenue | 4.71x | 3.21x |
| Price / BookPrice ÷ Book value/share | 2.26x | 0.77x |
| Price / FCFMarket cap ÷ FCF | 14.18x | 4.16x |
DEA leads this category, winning 4 of 6 comparable metrics.
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 $1 for DEA. DEA carries lower financial leverage with a 1.23x debt-to-equity ratio, signaling a more conservative balance sheet compared to CDP's 1.77x. On the Piotroski fundamental quality scale (0–9), CDP scores 5/9 vs DEA's 4/9, reflecting solid financial health.
| Metric | CDPCOPT Defense Prop… | DEAEasterly Governme… |
|---|---|---|
| ROE (TTM)Return on equity | +9.9% | +1.1% |
| ROA (TTM)Return on assets | +3.5% | +0.4% |
| ROICReturn on invested capital | +4.3% | +2.1% |
| ROCEReturn on capital employed | +5.6% | +3.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 1.77x | 1.23x |
| Net DebtTotal debt minus cash | $2.5B | $1.7B |
| Cash & Equiv.Liquid assets | $275M | $23M |
| Total DebtShort + long-term debt | $2.8B | $1.7B |
| Interest CoverageEBIT ÷ Interest expense | 2.80x | 1.18x |
CDP leads this category, winning 6 of 9 comparable metrics.
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 $13,490 today (with dividends reinvested), compared to $6,215 for DEA. Over the past 12 months, CDP leads with a +24.6% total return vs DEA's +21.4%. The 3-year compound annual growth rate (CAGR) favors CDP at 13.5% vs DEA's -6.2% — a key indicator of consistent wealth creation.
| Metric | CDPCOPT Defense Prop… | DEAEasterly Governme… |
|---|---|---|
| YTD ReturnYear-to-date | +16.6% | +11.4% |
| 1-Year ReturnPast 12 months | +24.6% | +21.4% |
| 3-Year ReturnCumulative with dividends | +46.1% | -17.4% |
| 5-Year ReturnCumulative with dividends | +34.9% | -37.9% |
| 10-Year ReturnCumulative with dividends | +60.4% | -10.5% |
| CAGR (3Y)Annualised 3-year return | +13.5% | -6.2% |
CDP leads this category, winning 6 of 6 comparable metrics.
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 DEA's 0.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | CDPCOPT Defense Prop… | DEAEasterly Governme… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.37x | 0.51x |
| 52-Week HighHighest price in past year | $33.29 | $24.94 |
| 52-Week LowLowest price in past year | $25.99 | $19.82 |
| % of 52W HighCurrent price vs 52-week peak | +95.3% | +93.4% |
| RSI (14)Momentum oscillator 0–100 | 42.0 | 53.5 |
| Avg Volume (50D)Average daily shares traded | 896K | 386K |
CDP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — CDP and DEA each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CDP as "Buy" and DEA as "Hold". Consensus price targets imply 13.5% upside for CDP (target: $36) vs -29.5% for DEA (target: $16). For income investors, DEA offers the higher dividend yield at 9.01% vs CDP's 3.80%.
| Metric | CDPCOPT Defense Prop… | DEAEasterly Governme… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $36.00 | $16.41 |
| # AnalystsCovering analysts | 21 | 8 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | +9.0% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $1.21 | $2.10 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Evenly matched — CDP and DEA each lead in 1 of 2 comparable metrics.
Key Takeaway
CDP leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). DEA leads in 1 (Valuation Metrics). 2 tied.
Best OverallCOPT Defense Properties (CDP)Leads 3 of 6 categories
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CDP vs DEA: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CDP or DEA a better buy right now?
For growth investors, Easterly Government Properties, Inc.
(DEA) is the stronger pick with 11. 3% 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. 7x 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 DEA?
On trailing P/E, COPT Defense Properties (CDP) is the cheapest at 23.
7x versus Easterly Government Properties, Inc. at 80. 3x. On forward P/E, COPT Defense Properties is actually cheaper at 23. 7x.
03Which is the better long-term investment — CDP or DEA?
Over the past 5 years, COPT Defense Properties (CDP) delivered a total return of +34.
9%, compared to -37. 9% for Easterly Government Properties, Inc. (DEA). Over 10 years, the gap is even starker: CDP returned +60. 4% versus DEA's -10. 5%. 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 DEA?
By beta (market sensitivity over 5 years), COPT Defense Properties (CDP) is the lower-risk stock at 0.
37β versus Easterly Government Properties, Inc. 's 0. 51β — meaning DEA is approximately 40% more volatile than CDP relative to the S&P 500. On balance sheet safety, Easterly Government Properties, Inc. (DEA) carries a lower debt/equity ratio of 123% versus 177% for COPT Defense Properties — giving it more financial flexibility in a downturn.
05Which is growing faster — CDP or DEA?
By revenue growth (latest reported year), Easterly Government Properties, Inc.
(DEA) is pulling ahead at 11. 3% versus 1. 4% for COPT Defense Properties (CDP). On earnings-per-share growth, the picture is similar: COPT Defense Properties grew EPS 8. 9% year-over-year, compared to -37. 0% for Easterly Government Properties, Inc.. Over a 3-year CAGR, DEA leads at 4. 6% 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 DEA?
COPT Defense Properties (CDP) is the more profitable company, earning 19.
9% net margin versus 3. 9% for Easterly Government Properties, Inc. — meaning it keeps 19. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CDP leads at 30. 2% versus 24. 9% for DEA. At the gross margin level — before operating expenses — CDP leads at 15. 4%, 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 DEA more undervalued right now?
On forward earnings alone, COPT Defense Properties (CDP) trades at 23.
7x forward P/E versus 69. 5x for Easterly Government Properties, Inc. — 45. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CDP: 13. 5% to $36. 00.
08Which pays a better dividend — CDP or DEA?
All stocks in this comparison pay dividends.
Easterly Government Properties, Inc. (DEA) offers the highest yield at 9. 0%, versus 3. 8% for COPT Defense Properties (CDP).
09Is CDP or DEA 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.
37), 3. 8% yield). Both have compounded well over 10 years (CDP: +60. 4%, DEA: -10. 5%), 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 DEA?
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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Revenue Growth>
%
(CDP: 6.8% · DEA: 10.6%)Net Margin>
%
(CDP: 20.1% · DEA: 4.3%)P/E Ratio<
x
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