WallStSmart

Crown Castle (CCI)vsNational Retail Properties Inc (NNN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Crown Castle generates 355% more annual revenue ($4.21B vs $926.21M). NNN leads profitability with a 42.1% profit margin vs 25.1%. CCI appears more attractively valued with a PEG of 1.42. NNN earns a higher WallStSmart Score of 54/100 (C-).

CCI

Buy

51

out of 100

Grade: C-

Growth: 3.3Profit: 7.0Value: 4.7Quality: 4.5
Piotroski: 3/9Altman Z: -0.67

NNN

Buy

54

out of 100

Grade: C-

Growth: 4.7Profit: 8.0Value: 6.0Quality: 3.3
Piotroski: 3/9Altman Z: 0.78
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CCIOvervalued (-13.3%)

Margin of Safety

-13.3%

Fair Value

$75.96

Current Price

$88.78

$12.82 premium

UndervaluedFair: $75.96Overvalued
NNNUndervalued (+43.5%)

Margin of Safety

+43.5%

Fair Value

$76.27

Current Price

$43.52

$32.75 discount

UndervaluedFair: $76.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CCI3 strengths · Avg: 9.7/10
Operating MarginProfitability
47.7%10/10

Strong operational efficiency at 47.7%

Debt/EquityHealth
-18.0810/10

Conservative balance sheet, low leverage

Profit MarginProfitability
25.1%9/10

Keeps 25 of every $100 in revenue as profit

NNN3 strengths · Avg: 9.3/10
Profit MarginProfitability
42.1%10/10

Keeps 42 of every $100 in revenue as profit

Operating MarginProfitability
62.2%10/10

Strong operational efficiency at 62.2%

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

Areas to Watch

CCI4 concerns · Avg: 2.8/10
P/E RatioValuation
36.2x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-206.7%2/10

ROE of -206.7% — below average capital efficiency

Revenue GrowthGrowth
-4.8%2/10

Revenue declined 4.8%

NNN4 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
4.802/10

Expensive relative to growth rate

EPS GrowthGrowth
-2.2%2/10

Earnings declined 2.2%

Free Cash FlowQuality
$-810.91M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : CCI

The strongest argument for CCI centers on Operating Margin, Debt/Equity, Profit Margin. Profitability is solid with margins at 25.1% and operating margin at 47.7%. PEG of 1.42 suggests the stock is reasonably priced for its growth.

Bull Case : NNN

The strongest argument for NNN centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 42.1% and operating margin at 62.2%.

Bear Case : CCI

The primary concerns for CCI are P/E Ratio, Piotroski F-Score, Return on Equity.

Bear Case : NNN

The primary concerns for NNN are Piotroski F-Score, PEG Ratio, EPS Growth.

Key Dynamics to Monitor

CCI profiles as a declining stock while NNN is a mature play — different risk/reward profiles.

CCI carries more volatility with a beta of 0.96 — expect wider price swings.

NNN is growing revenue faster at 9.1% — sustainability is the question.

CCI generates stronger free cash flow (452M), providing more financial flexibility.

Bottom Line

NNN scores higher overall (54/100 vs 51/100), backed by strong 42.1% margins. 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.

Crown Castle

REAL ESTATE · REIT - SPECIALTY · USA

Crown Castle is a real estate investment trust and provider of shared communications infrastructure in the United States. Its network includes over 40,000 cell towers and nearly 80,000 route miles of fiber supporting small cells and fiber solutions. Headquartered in Houston, Texas, the company has 100 offices nationwide.

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National Retail Properties Inc

REAL ESTATE · REIT - RETAIL · USA

National Retail Properties invests primarily in high-quality retail properties generally subject to long-term net leases.

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