WallStSmart

American Tower Corp (AMT)vsFranklin BSP Realty Trust Inc (FBRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American Tower Corp generates 3691% more annual revenue ($10.82B vs $285.38M). AMT leads profitability with a 26.8% profit margin vs 24.6%. FBRT trades at a lower P/E of 17.8x. AMT earns a higher WallStSmart Score of 72/100 (B).

AMT

Strong Buy

72

out of 100

Grade: B

Growth: 6.7Profit: 9.0Value: 6.0Quality: 3.8
Piotroski: 4/9Altman Z: 0.33

FBRT

Hold

46

out of 100

Grade: D+

Growth: 5.3Profit: 5.0Value: 7.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AMTUndervalued (+17.6%)

Margin of Safety

+17.6%

Fair Value

$218.89

Current Price

$182.71

$36.18 discount

UndervaluedFair: $218.89Overvalued
FBRTUndervalued (+45.5%)

Margin of Safety

+45.5%

Fair Value

$18.63

Current Price

$9.29

$9.34 discount

UndervaluedFair: $18.63Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AMT5 strengths · Avg: 9.4/10
Operating MarginProfitability
45.3%10/10

Strong operational efficiency at 45.3%

EPS GrowthGrowth
76.9%10/10

Earnings expanding 76.9% YoY

Market CapQuality
$85.12B9/10

Large-cap with strong market position

Return on EquityProfitability
29.9%9/10

Every $100 of equity generates 30 in profit

Profit MarginProfitability
26.8%9/10

Keeps 27 of every $100 in revenue as profit

FBRT3 strengths · Avg: 9.0/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Profit MarginProfitability
24.6%9/10

Keeps 25 of every $100 in revenue as profit

P/E RatioValuation
17.8x8/10

Attractively priced relative to earnings

Areas to Watch

AMT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.974/10

Expensive relative to growth rate

P/E RatioValuation
29.5x4/10

Moderate valuation

Price/BookValuation
24.2x2/10

Trading at 24.2x book value

Altman Z-ScoreHealth
0.332/10

Distress zone — elevated risk

FBRT4 concerns · Avg: 2.8/10
Market CapQuality
$700.36M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
4.6%3/10

ROE of 4.6% — below average capital efficiency

Operating MarginProfitability
4.5%3/10

Operating margin of 4.5%

EPS GrowthGrowth
-65.0%2/10

Earnings declined 65.0%

Comparative Analysis Report

WallStSmart Research

Bull Case : AMT

The strongest argument for AMT centers on Operating Margin, EPS Growth, Market Cap. Profitability is solid with margins at 26.8% and operating margin at 45.3%.

Bull Case : FBRT

The strongest argument for FBRT centers on Price/Book, Profit Margin, P/E Ratio. Profitability is solid with margins at 24.6% and operating margin at 4.5%.

Bear Case : AMT

The primary concerns for AMT are PEG Ratio, P/E Ratio, Price/Book.

Bear Case : FBRT

The primary concerns for FBRT are Market Cap, Return on Equity, Operating Margin.

Key Dynamics to Monitor

FBRT carries more volatility with a beta of 1.15 — expect wider price swings.

AMT is growing revenue faster at 6.8% — sustainability is the question.

AMT generates stronger free cash flow (951M), providing more financial flexibility.

Monitor REIT - SPECIALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

AMT scores higher overall (72/100 vs 46/100), backed by strong 26.8% margins. FBRT offers better value entry with a 45.5% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

American Tower Corp

REAL ESTATE · REIT - SPECIALTY · USA

American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts.

Franklin BSP Realty Trust Inc

REAL ESTATE · REIT - MORTGAGE · USA

Franklin BSP Realty Trust, Inc. is a real estate investment trust that originates, acquires and manages a portfolio of commercial real estate debt investments secured by properties located in the United States and internationally. The company is headquartered in New York, New York.

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