WallStSmart

Agree Realty Corporation (ADC)vsFour Corners Property Trust Inc (FCPT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Agree Realty Corporation generates 154% more annual revenue ($779.62M vs $306.40M). FCPT leads profitability with a 38.7% profit margin vs 28.8%. FCPT trades at a lower P/E of 22.5x. ADC earns a higher WallStSmart Score of 64/100 (C+).

ADC

Buy

64

out of 100

Grade: C+

Growth: 6.7Profit: 7.0Value: 8.0Quality: 4.0
Piotroski: 3/9Altman Z: 1.16

FCPT

Buy

54

out of 100

Grade: C-

Growth: 5.3Profit: 7.5Value: 7.0Quality: 4.0
Piotroski: 4/9Altman Z: 0.98
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADCUndervalued (+79.2%)

Margin of Safety

+79.2%

Fair Value

$369.40

Current Price

$68.05

$301.35 discount

UndervaluedFair: $369.40Overvalued
FCPTUndervalued (+31.7%)

Margin of Safety

+31.7%

Fair Value

$36.97

Current Price

$22.62

$14.35 discount

UndervaluedFair: $36.97Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADC5 strengths · Avg: 9.4/10
PEG RatioValuation
0.1310/10

Growing faster than its price suggests

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
48.1%10/10

Strong operational efficiency at 48.1%

Profit MarginProfitability
28.8%9/10

Keeps 29 of every $100 in revenue as profit

Revenue GrowthGrowth
16.8%8/10

16.8% revenue growth

FCPT3 strengths · Avg: 9.3/10
Profit MarginProfitability
38.7%10/10

Keeps 39 of every $100 in revenue as profit

Operating MarginProfitability
62.6%10/10

Strong operational efficiency at 62.6%

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

Areas to Watch

ADC4 concerns · Avg: 3.5/10
P/E RatioValuation
39.1x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
2.1%4/10

2.1% earnings growth

Return on EquityProfitability
3.5%3/10

ROE of 3.5% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

FCPT3 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.6%4/10

0.6% earnings growth

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

Altman Z-ScoreHealth
0.982/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ADC

The strongest argument for ADC centers on PEG Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 28.8% and operating margin at 48.1%. Revenue growth of 16.8% demonstrates continued momentum.

Bull Case : FCPT

The strongest argument for FCPT centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 38.7% and operating margin at 62.6%.

Bear Case : ADC

The primary concerns for ADC are P/E Ratio, EPS Growth, Return on Equity.

Bear Case : FCPT

The primary concerns for FCPT are EPS Growth, Return on Equity, Altman Z-Score.

Key Dynamics to Monitor

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

FCPT carries more volatility with a beta of 0.81 — expect wider price swings.

ADC is growing revenue faster at 16.8% — sustainability is the question.

FCPT generates stronger free cash flow (51M), providing more financial flexibility.

Bottom Line

ADC scores higher overall (64/100 vs 54/100), backed by strong 28.8% margins and 16.8% revenue growth. FCPT offers better value entry with a 31.7% margin of safety. Both earn "Buy" and "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.

Four Corners Property Trust Inc

REAL ESTATE · REIT - RETAIL · USA

Four Corners Property Trust Inc. (FCPT) is a prominent real estate investment trust (REIT) dedicated to acquiring and managing a high-quality portfolio of single-tenant retail and restaurant properties across the United States. With a strategic focus on net lease agreements with reputable brands, FCPT generates stable cash flows while emphasizing sustainability and long-term growth. The company’s proactive asset management and innovative leasing strategies enable it to effectively navigate market fluctuations, positioning FCPT for consistent value creation and reliable returns for its investors.

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