WallStSmart

American Tower Corp (AMT)vsTanger Factory Outlet Centers Inc (SKT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American Tower Corp generates 1690% more annual revenue ($10.94B vs $611.24M). AMT leads profitability with a 31.1% profit margin vs 20.3%. AMT appears more attractively valued with a PEG of 1.62. AMT earns a higher WallStSmart Score of 70/100 (B-).

AMT

Strong Buy

70

out of 100

Grade: B-

Growth: 6.0Profit: 9.0Value: 5.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.36

SKT

Strong Buy

65

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 5.3Quality: 2.5
Piotroski: 2/9Altman Z: 0.34
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AMTUndervalued (+7.6%)

Margin of Safety

+7.6%

Fair Value

$195.31

Current Price

$172.54

$22.77 discount

UndervaluedFair: $195.31Overvalued
SKTUndervalued (+35.1%)

Margin of Safety

+35.1%

Fair Value

$52.18

Current Price

$39.31

$12.87 discount

UndervaluedFair: $52.18Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AMT5 strengths · Avg: 9.8/10
Return on EquityProfitability
78.8%10/10

Every $100 of equity generates 79 in profit

Profit MarginProfitability
31.1%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
45.4%10/10

Strong operational efficiency at 45.4%

EPS GrowthGrowth
138.5%10/10

Earnings expanding 138.5% YoY

Market CapQuality
$81.66B9/10

Large-cap with strong market position

SKT3 strengths · Avg: 9.0/10
Operating MarginProfitability
30.3%10/10

Strong operational efficiency at 30.3%

Profit MarginProfitability
20.3%9/10

Keeps 20 of every $100 in revenue as profit

EPS GrowthGrowth
42.0%8/10

Earnings expanding 42.0% YoY

Areas to Watch

AMT4 concerns · Avg: 3.5/10
PEG RatioValuation
1.624/10

Expensive relative to growth rate

P/E RatioValuation
28.3x4/10

Moderate valuation

Revenue GrowthGrowth
4.7%4/10

4.7% revenue growth

Price/BookValuation
21.6x2/10

Trading at 21.6x book value

SKT4 concerns · Avg: 2.8/10
P/E RatioValuation
38.4x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
4.142/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.342/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : AMT

The strongest argument for AMT centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 31.1% and operating margin at 45.4%.

Bull Case : SKT

The strongest argument for SKT centers on Operating Margin, Profit Margin, EPS Growth. Profitability is solid with margins at 20.3% and operating margin at 30.3%. Revenue growth of 11.7% demonstrates continued momentum.

Bear Case : AMT

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

Bear Case : SKT

The primary concerns for SKT are P/E Ratio, Piotroski F-Score, PEG Ratio. Debt-to-equity of 2.92 is elevated, increasing financial risk.

Key Dynamics to Monitor

AMT profiles as a value stock while SKT is a mature play — different risk/reward profiles.

SKT carries more volatility with a beta of 1.07 — expect wider price swings.

SKT is growing revenue faster at 11.7% — sustainability is the question.

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

Bottom Line

AMT scores higher overall (70/100 vs 65/100), backed by strong 31.1% margins. SKT offers better value entry with a 35.1% 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.

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.

Tanger Factory Outlet Centers Inc

REAL ESTATE · REIT - RETAIL · USA

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.

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