REIT - Office
Compare Stocks
2 / 10Stock Comparison
CDP vs PDM
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
CDP vs PDM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $3.61B | $1.06B |
| Revenue (TTM) | $777M | $422M |
| Net Income (TTM) | $156M | $-86M |
| Gross Margin | 31.9% | 19.1% |
| Operating Margin | 30.1% | 13.9% |
| Forward P/E | 23.8x | — |
| Total Debt | $2.81B | $2.27B |
| Cash & Equiv. | $275M | $731K |
CDP vs PDM — 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% |
| Piedmont Office Rea… (PDM) | 100 | 50.8 | -49.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CDP vs PDM
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 growth exposure.
- Dividend streak 1 yrs, beta 0.37, yield 3.8%
- Rev growth 1.4%, EPS growth 8.9%, 3Y rev CAGR 1.1%
- 59.0% 10Y total return vs PDM's -23.4%
PDM is the clearest fit if your priority is momentum.
- +26.5% vs CDP's +24.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 1.4% FFO/revenue growth vs PDM's -0.9% | |
| Quality / Margins | 20.1% margin vs PDM's -20.5% | |
| Stability / Safety | Beta 0.37 vs PDM's 1.08 | |
| Dividends | 3.8% yield, 1-year raise streak, vs PDM's 2.9% | |
| Momentum (1Y) | +26.5% vs CDP's +24.2% | |
| Efficiency (ROA) | 3.5% ROA vs PDM's -2.2%, ROIC 4.3% vs 1.5% |
CDP vs PDM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CDP vs PDM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CDP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CDP is the larger business by revenue, generating $777M annually — 1.8x PDM's $422M. CDP is the more profitable business, keeping 20.1% of every revenue dollar as net income compared to PDM's -20.5%. On growth, CDP holds the edge at +6.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $777M | $422M |
| EBITDAEarnings before interest/tax | $399M | $229M |
| Net IncomeAfter-tax profit | $156M | -$86M |
| Free Cash FlowCash after capex | $215M | $47M |
| Gross MarginGross profit ÷ Revenue | +31.9% | +19.1% |
| Operating MarginEBIT ÷ Revenue | +30.1% | +13.9% |
| Net MarginNet income ÷ Revenue | +20.1% | -20.5% |
| FCF MarginFCF ÷ Revenue | +27.7% | +11.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.8% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.7% | -23.0% |
Valuation Metrics
PDM leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, PDM's 10.9x EV/EBITDA is more attractive than CDP's 15.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.6B | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $6.1B | $3.3B |
| Trailing P/EPrice ÷ TTM EPS | 23.74x | -12.67x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.75x | — |
| PEG RatioP/E ÷ EPS growth rate | 2.63x | — |
| EV / EBITDAEnterprise value multiple | 15.67x | 10.88x |
| Price / SalesMarket cap ÷ Revenue | 4.72x | 1.88x |
| Price / BookPrice ÷ Book value/share | 2.27x | 0.71x |
| Price / FCFMarket cap ÷ FCF | 14.22x | — |
Profitability & Efficiency
CDP leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
CDP delivers a 9.9% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-6 for PDM. PDM carries lower financial leverage with a 1.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to CDP's 1.77x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.9% | -5.7% |
| ROA (TTM)Return on assets | +3.5% | -2.2% |
| ROICReturn on invested capital | +4.3% | +1.5% |
| ROCEReturn on capital employed | +5.6% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.77x | 1.52x |
| Net DebtTotal debt minus cash | $2.5B | $2.3B |
| Cash & Equiv.Liquid assets | $275M | $731,000 |
| Total DebtShort + long-term debt | $2.8B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | 2.80x | 0.35x |
Total Returns (Dividends Reinvested)
Evenly matched — CDP and PDM each lead in 3 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 $6,084 for PDM. Over the past 12 months, PDM leads with a +26.5% total return vs CDP's +24.2%. The 3-year compound annual growth rate (CAGR) favors PDM at 13.8% vs CDP's 13.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +16.9% | +2.4% |
| 1-Year ReturnPast 12 months | +24.2% | +26.5% |
| 3-Year ReturnCumulative with dividends | +46.4% | +47.5% |
| 5-Year ReturnCumulative with dividends | +34.2% | -39.2% |
| 10-Year ReturnCumulative with dividends | +59.0% | -23.4% |
| CAGR (3Y)Annualised 3-year return | +13.5% | +13.8% |
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 PDM's 1.08 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 PDM's 92.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.38x | 1.08x |
| 52-Week HighHighest price in past year | $33.29 | $9.19 |
| 52-Week LowLowest price in past year | $26.37 | $6.32 |
| % of 52W HighCurrent price vs 52-week peak | +95.6% | +92.4% |
| RSI (14)Momentum oscillator 0–100 | 51.2 | 67.0 |
| Avg Volume (50D)Average daily shares traded | 898K | 1.1M |
Analyst Outlook
CDP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CDP as "Buy" and PDM as "Hold". Consensus price targets imply 17.8% upside for PDM (target: $10) vs 13.2% for CDP (target: $36). For income investors, CDP offers the higher dividend yield at 3.79% vs PDM's 2.92%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $36.00 | $10.00 |
| # AnalystsCovering analysts | 21 | 11 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | +2.9% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $1.21 | $0.25 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
CDP leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PDM leads in 1 (Valuation Metrics). 1 tied.
CDP vs PDM: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CDP or PDM a better buy right now?
For growth investors, COPT Defense Properties (CDP) is the stronger pick with 1.
4% revenue growth year-over-year, versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). 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 is the better long-term investment — CDP or PDM?
Over the past 5 years, COPT Defense Properties (CDP) delivered a total return of +34.
2%, compared to -39. 2% for Piedmont Office Realty Trust, Inc. (PDM). Over 10 years, the gap is even starker: CDP returned +58. 6% versus PDM's -23. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CDP or PDM?
By beta (market sensitivity over 5 years), COPT Defense Properties (CDP) is the lower-risk stock at 0.
38β versus Piedmont Office Realty Trust, Inc. 's 1. 08β — meaning PDM is approximately 185% more volatile than CDP relative to the S&P 500. On balance sheet safety, Piedmont Office Realty Trust, Inc. (PDM) carries a lower debt/equity ratio of 152% versus 177% for COPT Defense Properties — giving it more financial flexibility in a downturn.
04Which is growing faster — CDP or PDM?
By revenue growth (latest reported year), COPT Defense Properties (CDP) is pulling ahead at 1.
4% versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). On earnings-per-share growth, the picture is similar: COPT Defense Properties grew EPS 8. 9% year-over-year, compared to -4. 7% for Piedmont Office Realty Trust, Inc.. Over a 3-year CAGR, CDP leads at 1. 1% 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.
05Which has better profit margins — CDP or PDM?
COPT Defense Properties (CDP) is the more profitable company, earning 19.
9% net margin versus -14. 8% for Piedmont Office Realty Trust, 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 14. 1% for PDM. 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.
06Is CDP or PDM more undervalued right now?
Analyst consensus price targets imply the most upside for PDM: 17.
8% to $10. 00.
07Which pays a better dividend — CDP or PDM?
All stocks in this comparison pay dividends.
COPT Defense Properties (CDP) offers the highest yield at 3. 8%, versus 2. 9% for Piedmont Office Realty Trust, Inc. (PDM).
08Is CDP or PDM 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%, PDM: -23. 4%), 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.
09What are the main differences between CDP and PDM?
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.
In terms of investment character: CDP is a small-cap income-oriented stock; PDM is a small-cap quality compounder stock. 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.