WallStSmart

Agree Realty Corporation (ADC)vsBrixmor Property (BRX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Brixmor Property generates 85% more annual revenue ($1.39B vs $750.04M). BRX leads profitability with a 32.0% profit margin vs 29.2%. ADC appears more attractively valued with a PEG of 0.13. BRX earns a higher WallStSmart Score of 68/100 (B-).

ADC

Strong Buy

68

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 8.0Quality: 3.8
Piotroski: 2/9Altman Z: 1.25

BRX

Strong Buy

68

out of 100

Grade: B-

Growth: 6.7Profit: 8.0Value: 4.7Quality: 3.3
Piotroski: 3/9Altman Z: 0.56
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADCUndervalued (+80.4%)

Margin of Safety

+80.4%

Fair Value

$391.67

Current Price

$76.50

$315.17 discount

UndervaluedFair: $391.67Overvalued
BRXOvervalued (-5.2%)

Margin of Safety

-5.2%

Fair Value

$27.12

Current Price

$30.29

$3.17 premium

UndervaluedFair: $27.12Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADC5 strengths · Avg: 9.0/10
PEG RatioValuation
0.1310/10

Growing faster than its price suggests

Operating MarginProfitability
48.7%10/10

Strong operational efficiency at 48.7%

Profit MarginProfitability
29.2%9/10

Keeps 29 of every $100 in revenue as profit

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
18.7%8/10

18.7% revenue growth

BRX3 strengths · Avg: 10.0/10
Profit MarginProfitability
32.0%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
37.8%10/10

Strong operational efficiency at 37.8%

EPS GrowthGrowth
80.8%10/10

Earnings expanding 80.8% YoY

Areas to Watch

ADC4 concerns · Avg: 2.5/10
Return on EquityProfitability
3.7%3/10

ROE of 3.7% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

P/E RatioValuation
41.3x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-267.18M2/10

Negative free cash flow — burning cash

BRX3 concerns · Avg: 3.0/10
PEG RatioValuation
1.684/10

Expensive relative to growth rate

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Altman Z-ScoreHealth
0.562/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ADC

The strongest argument for ADC centers on PEG Ratio, Operating Margin, Profit Margin. Profitability is solid with margins at 29.2% and operating margin at 48.7%. Revenue growth of 18.7% demonstrates continued momentum.

Bull Case : BRX

The strongest argument for BRX centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 32.0% and operating margin at 37.8%.

Bear Case : ADC

The primary concerns for ADC are Return on Equity, Piotroski F-Score, P/E Ratio. A P/E of 41.3x leaves little room for execution misses.

Bear Case : BRX

The primary concerns for BRX are PEG Ratio, Piotroski F-Score, Altman Z-Score.

Key Dynamics to Monitor

ADC profiles as a growth stock while BRX is a mature play — different risk/reward profiles.

BRX carries more volatility with a beta of 0.98 — expect wider price swings.

ADC is growing revenue faster at 18.7% — sustainability is the question.

BRX generates stronger free cash flow (141M), providing more financial flexibility.

Bottom Line

ADC scores higher overall (68/100 vs 68/100), backed by strong 29.2% margins and 18.7% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Agree Realty Corporation

REAL ESTATE · REIT - RETAIL · USA

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of net leased properties to industry leading retail tenants.

Brixmor Property

REAL ESTATE · REIT - RETAIL · USA

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality national portfolio of outdoor shopping centers.

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