Agree Realty Corporation (ADC)vsFederal Realty Investment Trust (FRT)
ADC
Agree Realty Corporation
$76.50
+0.72%
REAL ESTATE · Cap: $9.20B
FRT
Federal Realty Investment Trust
$116.77
+1.28%
REAL ESTATE · Cap: $10.02B
Smart Verdict
WallStSmart Research — data-driven comparison
Federal Realty Investment Trust generates 75% more annual revenue ($1.31B vs $750.04M). FRT leads profitability with a 38.6% profit margin vs 29.2%. ADC appears more attractively valued with a PEG of 0.13. ADC earns a higher WallStSmart Score of 68/100 (B-).
ADC
Strong Buy68
out of 100
Grade: B-
FRT
Strong Buy67
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+80.4%
Fair Value
$391.67
Current Price
$76.50
$315.17 discount
Margin of Safety
+41.4%
Fair Value
$182.57
Current Price
$116.77
$65.80 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Growing faster than its price suggests
Strong operational efficiency at 48.7%
Keeps 29 of every $100 in revenue as profit
Reasonable price relative to book value
18.7% revenue growth
Keeps 39 of every $100 in revenue as profit
Strong operational efficiency at 34.1%
Earnings expanding 152.5% YoY
Areas to Watch
ROE of 3.7% — below average capital efficiency
Weak financial health signals
Premium valuation, high expectations priced in
Negative free cash flow — burning cash
Expensive relative to growth rate
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull 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 : FRT
The strongest argument for FRT centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 38.6% and operating margin at 34.1%. Revenue growth of 10.3% demonstrates continued momentum.
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 : FRT
The primary concerns for FRT are PEG Ratio, Altman Z-Score.
Key Dynamics to Monitor
ADC profiles as a growth stock while FRT is a mature play — different risk/reward profiles.
FRT carries more volatility with a beta of 0.99 — expect wider price swings.
ADC is growing revenue faster at 18.7% — sustainability is the question.
FRT generates stronger free cash flow (121M), providing more financial flexibility.
Bottom Line
ADC scores higher overall (68/100 vs 67/100), backed by strong 29.2% margins and 18.7% revenue growth. FRT offers better value entry with a 41.4% margin of safety. 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.
Federal Realty Investment Trust
REAL ESTATE · REIT - RETAIL · USA
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
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