WallStSmart

American Tower Corp (AMT)vsGlobal Net Lease, Inc. (GNL)

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Smart Verdict

WallStSmart Research — data-driven comparison

American Tower Corp generates 2084% more annual revenue ($10.82B vs $495.29M). AMT leads profitability with a 26.8% profit margin vs -45.5%. 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

GNL

Hold

48

out of 100

Grade: D+

Growth: 6.0Profit: 4.5Value: 6.7Quality: 3.0
Piotroski: 3/9Altman Z: -0.25
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AMTUndervalued (+17.6%)

Margin of Safety

+17.6%

Fair Value

$219.10

Current Price

$182.71

$36.39 discount

UndervaluedFair: $219.10Overvalued
GNLUndervalued (+50.5%)

Margin of Safety

+50.5%

Fair Value

$19.95

Current Price

$9.52

$10.43 discount

UndervaluedFair: $19.95Overvalued

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

GNL3 strengths · Avg: 10.0/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
36.0%10/10

Strong operational efficiency at 36.0%

EPS GrowthGrowth
333.0%10/10

Earnings expanding 333.0% YoY

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

GNL4 concerns · Avg: 2.5/10
Debt/EquityHealth
1.743/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-7.0%2/10

ROE of -7.0% — below average capital efficiency

Revenue GrowthGrowth
-15.1%2/10

Revenue declined 15.1%

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 : GNL

The strongest argument for GNL centers on Price/Book, Operating Margin, EPS Growth.

Bear Case : AMT

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

Bear Case : GNL

The primary concerns for GNL are Debt/Equity, Piotroski F-Score, Return on Equity. Debt-to-equity of 1.74 is elevated, increasing financial risk.

Key Dynamics to Monitor

AMT profiles as a mature stock while GNL is a turnaround play — different risk/reward profiles.

GNL carries more volatility with a beta of 1.06 — 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.

Bottom Line

AMT scores higher overall (72/100 vs 48/100), backed by strong 26.8% margins. GNL offers better value entry with a 50.5% 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.

Global Net Lease, Inc.

REAL ESTATE · REIT - DIVERSIFIED · USA

Global Net Lease, Inc. (GNL) is a prominent real estate investment trust (REIT) dedicated to acquiring and managing a diversified range of commercial properties primarily leased to high-quality corporate tenants under long-term net lease agreements. The company focuses on diversification across various sectors and geographic regions, which supports its strategy to deliver consistent, risk-adjusted returns to shareholders. Leveraging a seasoned management team with expertise in the net lease market, GNL is strategically positioned to strengthen its presence in the commercial real estate sector while enhancing portfolio value and income potential for investors.

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