Let \(\mathcal {H}\) be a complex separable infinite dimensional Hilbert space. An operator T acting on \(\mathcal {H}\) is said to have property \(\mathcal {P}\) , if \(\sigma (T)=\sigma _p(T)\) and \(\sigma (T^*)=\sigma _p(T^*)\) . In this paper, we characterize those operators which have an arbitrarily small compact perturbation to satisfy property \(\mathcal {P}\) . Also, we study the stability of property \(\mathcal {P}\) under small compact perturbations.