WallStSmart

Agree Realty Corporation (ADC)vsFederal Realty Investment Trust (FRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 71% more annual revenue ($1.34B vs $779.62M). FRT leads profitability with a 32.7% profit margin vs 28.8%. ADC appears more attractively valued with a PEG of 0.13. 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

FRT

Buy

53

out of 100

Grade: C-

Growth: 4.7Profit: 8.5Value: 6.0Quality: 3.5
Piotroski: 2/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADCUndervalued (+80.3%)

Margin of Safety

+80.3%

Fair Value

$388.86

Current Price

$76.08

$312.78 discount

UndervaluedFair: $388.86Overvalued
FRTUndervalued (+36.2%)

Margin of Safety

+36.2%

Fair Value

$167.60

Current Price

$121.83

$45.77 discount

UndervaluedFair: $167.60Overvalued

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
48.1%10/10

Strong operational efficiency at 48.1%

Profit MarginProfitability
28.8%9/10

Keeps 29 of every $100 in revenue as profit

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
16.8%8/10

16.8% revenue growth

FRT2 strengths · Avg: 10.0/10
Profit MarginProfitability
32.7%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
35.0%10/10

Strong operational efficiency at 35.0%

Areas to Watch

ADC4 concerns · Avg: 3.0/10
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

P/E RatioValuation
41.8x2/10

Premium valuation, high expectations priced in

FRT4 concerns · Avg: 3.0/10
P/E RatioValuation
25.1x4/10

Moderate valuation

Debt/EquityHealth
1.493/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
3.652/10

Expensive relative to growth rate

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 28.8% and operating margin at 48.1%. Revenue growth of 16.8% demonstrates continued momentum.

Bull Case : FRT

The strongest argument for FRT centers on Profit Margin, Operating Margin. Profitability is solid with margins at 32.7% and operating margin at 35.0%.

Bear Case : ADC

The primary concerns for ADC are EPS Growth, Return on Equity, Piotroski F-Score. A P/E of 41.8x leaves little room for execution misses.

Bear Case : FRT

The primary concerns for FRT are P/E Ratio, Debt/Equity, Piotroski F-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 0.93 — expect wider price swings.

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

FRT generates stronger free cash flow (121M), providing more financial flexibility.

Bottom Line

ADC scores higher overall (64/100 vs 53/100), backed by strong 28.8% margins and 16.8% revenue growth. FRT offers better value entry with a 36.2% 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.

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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