WallStSmart

CTO Realty Growth Inc (CTO)vsEmpire State Realty Trust Inc (ESRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Empire State Realty Trust Inc generates 413% more annual revenue ($767.81M vs $149.54M). CTO leads profitability with a 6.8% profit margin vs 6.2%. ESRT trades at a lower P/E of 20.3x. ESRT earns a higher WallStSmart Score of 59/100 (C).

CTO

Hold

44

out of 100

Grade: D

Growth: 6.0Profit: 5.0Value: 3.0Quality: 4.8
Piotroski: 3/9Altman Z: 0.94

ESRT

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 5.0Value: 7.3Quality: 4.8
Piotroski: 2/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CTOSignificantly Overvalued (-3324.1%)

Margin of Safety

-3324.1%

Fair Value

$0.54

Current Price

$18.40

$17.86 premium

UndervaluedFair: $0.54Overvalued
ESRTUndervalued (+45.5%)

Margin of Safety

+45.5%

Fair Value

$11.70

Current Price

$5.01

$6.69 discount

UndervaluedFair: $11.70Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CTO2 strengths · Avg: 9.0/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Operating MarginProfitability
22.6%8/10

Strong operational efficiency at 22.6%

ESRT2 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
75.4%10/10

Earnings expanding 75.4% YoY

Areas to Watch

CTO4 concerns · Avg: 3.0/10
Market CapQuality
$597.14M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.7%3/10

ROE of 1.7% — below average capital efficiency

Profit MarginProfitability
6.8%3/10

6.8% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

ESRT4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
0.8%4/10

0.8% revenue growth

Market CapQuality
$1.51B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
4.0%3/10

ROE of 4.0% — below average capital efficiency

Profit MarginProfitability
6.2%3/10

6.2% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : CTO

The strongest argument for CTO centers on Price/Book, Operating Margin.

Bull Case : ESRT

The strongest argument for ESRT centers on Price/Book, EPS Growth.

Bear Case : CTO

The primary concerns for CTO are Market Cap, Return on Equity, Profit Margin. A P/E of 229.3x leaves little room for execution misses.

Bear Case : ESRT

The primary concerns for ESRT are Revenue Growth, Market Cap, Return on Equity.

Key Dynamics to Monitor

ESRT carries more volatility with a beta of 1.38 — expect wider price swings.

CTO is growing revenue faster at 7.3% — sustainability is the question.

CTO generates stronger free cash flow (726,000), providing more financial flexibility.

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

Bottom Line

ESRT scores higher overall (59/100 vs 44/100). Both earn "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.

CTO Realty Growth Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company owning approximately 2 income properties.

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Empire State Realty Trust Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

Empire State Realty Trust, Inc. (NYSE: ESRT), a major real estate investment trust (REIT), owns, manages, operates, acquires and repositions offices and retail properties in Manhattan and the New York metropolitan area, including the Empire State Building, the?

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