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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for COPT Defense Properties's Intrinsic Value: Projected FCF or its related term are showing as below:
CDP'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.78 Med: 0.93 Max: 1.24
Current: 1.17
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of COPT Defense Properties was 1.24. The lowest was 0.78. And the median was 0.93.
CDP's Price-to-Projected-FCF is ranked worse than 81.27% of 614
companies
in the REITs industry
Industry Median: 0.66
vs CDP: 1.17
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
COPT Defense Properties's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
37.55
/
32.130265401843
=
1.17
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
COPT Defense Properties Intrinsic Value: Projected FCF Related Terms
COPT Defense Properties Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for COPT Defense Properties's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CDP vs KRC, SLG, HIW: Intrinsic Value: Projected FCF Comparison
For the REIT - Office subindustry, COPT Defense Properties's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
COPT Defense Properties Price-to-Projected-FCF vs REITs Industry
For the REITs industry and Real Estate sector, COPT Defense Properties's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where COPT Defense Properties's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of $32.13 mean?
COPT Defense Properties (CDP) has a Intrinsic Value: Projected FCF of $32.13 as of Aug. 25, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on COPT Defense Properties and its competitors. According to the industry distribution chart, COPT Defense Properties ranks #499 out of 614 companies in the REITs industry, placing it in the top 81.3%.
Is COPT Defense Properties' Intrinsic Value: Projected FCF too high?
COPT Defense Properties' current Intrinsic Value: Projected FCF is $32.13. The REITs industry median Intrinsic Value: Projected FCF is 0.66. COPT Defense Properties' value of $32.13 is 4768.2% above this industry median. Based on the distribution chart, COPT Defense Properties ranks #499 out of 614 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, COPT Defense Properties has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COPT Defense Properties' Intrinsic Value: Projected FCF compare to KRC and SLG?
According to the REITs industry distribution chart, COPT Defense Properties ranks #499 out of 614 companies for Intrinsic Value: Projected FCF. This places COPT Defense Properties in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.66. COPT Defense Properties' value of $32.13 is 4768.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.66, based on 614 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. COPT Defense Properties's current Intrinsic Value: Projected FCF of $32.13 is 4768.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on COPT Defense Properties and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COPT Defense Properties's current Intrinsic Value: Projected FCF is $32.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COPT Defense Properties stock overvalued right now?
Based on GuruFocus' analysis, COPT Defense Properties (CDP) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.24, compared to a current price of $37.55 — trading 28.4% above its estimated fair value. The current Intrinsic Value: Projected FCF is $32.13 and 4768.2% above the REITs industry median of 0.66. COPT Defense Properties' overall GF Score™ is 69/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For COPT Defense Properties (CDP), the current Intrinsic Value: Projected FCF is $32.13 as of Aug. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is COPT Defense Properties (CDP) Overvalued in 2026?
Based on GuruFocus' analysis, COPT Defense Properties stock appears to be overvalued.
The current stock price of $37.55 is trading 28.4% above its estimated GF Value™ of $29.24.
GuruFocus considers COPT Defense Properties to be Modestly Overvalued.
Key valuation signals for CDP:
Intrinsic Value: Projected FCF: $32.13
GF Value™: $29.24 vs. price of $37.55 (28.4% above fair value)
Industry Position: 4768.2% above the REITs median (#499 of 614)
No single metric tells the full story. See the CDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. The company has two reportable segments: Defense/IT Portfolio; and Other. Defense/IT Portfolio includes sub-segments such as: Fort George G. Meade and the Baltimore/Washington Corridor (Fort Meade/BW Corridor); Redstone Arsenal in Huntsville, Alabama; Northern Virginia Defense/IT Locations (NoVA Defense/IT); Lackland Air Force Base in San Antonio, Texas; locations serving the U.S. Navy (Navy Support); and data center shells in Northern Virginia.
69GF Score
Get the complete analysis for CDP
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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