# COPT Defense Properties Common Shares of Beneficial Interest (CDP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate. Price $35.16, market value $4.1 billion.

## Valuation
- **P/E (trailing): 24.4×** (5-yr avg 23.1×, 3-yr avg 22.0×). COPT Defense Properties Common Shares of Beneficial Interest trades at 24.4× trailing earnings, close to its own five-year average of 23.1×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 24.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.69**. A PEG of 2.69 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 126.6×**. Each dollar of revenue is priced at 126.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 4.1%**. The inverse of the P/E: 4.1% of the price is earned each year.

## Profitability
- **Net margin: 379.2%**. 379.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.5%**. 10.5% on shareholders' equity is solid.
- **Return on assets: 3.7%**. Each dollar of assets produces 3.7% of profit.

## Growth
- **Revenue growth (1 yr): -44.3%** (3-yr -35.2%/yr, 5-yr -9.8%/yr). Revenue fell 44.3% over the last year, against -9.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 8.9%** (3-yr -4.3%/yr, 5-yr 9.0%/yr). Earnings per share rose 8.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.83**. Debt is 1.83 times equity, a leveraged balance sheet, which is normal for real estate.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.64%** ($1.25 per share, trailing). COPT Defense Properties Common Shares of Beneficial Interest yields 3.64%, an income-level yield.
- **Payout ratio: 86%**. 86% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 2.1%/yr** (1-yr 3.4%). The dividend has grown 2.1% a year over five years.

## Analyst view
- **Analyst consensus: buy** (8 analysts). 8 analysts cover COPT Defense Properties Common Shares of Beneficial Interest; the consensus is buy, with an average price target of $40.00 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 20.4%** (YTD 28.9%, 3-mo 8.6%). The shares are up 20.4% over twelve months including dividends.
- **From 52-week high: -9.6%** (29.9% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 30**. An RSI of 30 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.20** (volatility 18%). Beta of 0.20 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CDP · Page: https://foliofundamentals.com/stocks/cdp

Not investment advice.