WallStSmart

American Tower Corp (AMT)vsChicago Atlantic Real Estate Finance Inc (REFI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American Tower Corp generates 21612% more annual revenue ($10.82B vs $49.83M). REFI leads profitability with a 61.8% profit margin vs 26.8%. REFI trades at a lower P/E of 8.0x. AMT earns a higher WallStSmart Score of 72/100 (B).

AMT

Strong Buy

72

out of 100

Grade: B

Growth: 6.7Profit: 9.0Value: 5.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.36

REFI

Hold

49

out of 100

Grade: D+

Growth: 3.3Profit: 8.0Value: 6.7Quality: 4.8
Piotroski: 2/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AMTUndervalued (+6.9%)

Margin of Safety

+6.9%

Fair Value

$193.94

Current Price

$194.12

$0.18 discount

UndervaluedFair: $193.94Overvalued

Intrinsic value data unavailable for REFI.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AMT5 strengths · Avg: 9.6/10
Return on EquityProfitability
78.8%10/10

Every $100 of equity generates 79 in profit

Operating MarginProfitability
45.9%10/10

Strong operational efficiency at 45.9%

EPS GrowthGrowth
76.9%10/10

Earnings expanding 76.9% YoY

Market CapQuality
$85.94B9/10

Large-cap with strong market position

Profit MarginProfitability
26.8%9/10

Keeps 27 of every $100 in revenue as profit

REFI4 strengths · Avg: 10.0/10
P/E RatioValuation
8.0x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Profit MarginProfitability
61.8%10/10

Keeps 62 of every $100 in revenue as profit

Operating MarginProfitability
54.3%10/10

Strong operational efficiency at 54.3%

Areas to Watch

AMT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.954/10

Expensive relative to growth rate

P/E RatioValuation
29.8x4/10

Moderate valuation

Price/BookValuation
25.7x2/10

Trading at 25.7x book value

Altman Z-ScoreHealth
0.362/10

Distress zone — elevated risk

REFI4 concerns · Avg: 2.5/10
Market CapQuality
$244.05M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Revenue GrowthGrowth
-34.2%2/10

Revenue declined 34.2%

EPS GrowthGrowth
-51.1%2/10

Earnings declined 51.1%

Comparative Analysis Report

WallStSmart Research

Bull Case : AMT

The strongest argument for AMT centers on Return on Equity, Operating Margin, EPS Growth. Profitability is solid with margins at 26.8% and operating margin at 45.9%.

Bull Case : REFI

The strongest argument for REFI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 61.8% and operating margin at 54.3%.

Bear Case : AMT

The primary concerns for AMT are PEG Ratio, P/E Ratio, Price/Book. Debt-to-equity of 12.36 is elevated, increasing financial risk.

Bear Case : REFI

The primary concerns for REFI are Market Cap, Piotroski F-Score, Revenue Growth.

Key Dynamics to Monitor

AMT profiles as a mature stock while REFI is a declining play — different risk/reward profiles.

AMT carries more volatility with a beta of 0.89 — 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 49/100), backed by strong 26.8% margins. 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.

Chicago Atlantic Real Estate Finance Inc

REAL ESTATE · REIT - MORTGAGE · USA

Chicago Atlantic Real Estate Finance Inc. is a forward-looking Real Estate Investment Trust (REIT) dedicated to offering secure financing solutions tailored to the burgeoning cannabis sector. Through strategic portfolio management and deep industry insights, the company aims to seize substantial growth prospects within this unique market. Chicago Atlantic employs a robust risk management framework to adeptly navigate the complexities of regulatory landscapes, ensuring the generation of competitive risk-adjusted returns for institutional investors. Led by an experienced management team, the firm is focused on maximizing shareholder value while adapting to the evolving dynamics of the industry.

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