WallStSmart

CTO Realty Growth Inc (CTO)vsGlobal Net Lease, Inc. (GNL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Global Net Lease, Inc. generates 205% more annual revenue ($472.16M vs $154.91M). CTO leads profitability with a 9.1% profit margin vs -8.7%. CTO earns a higher WallStSmart Score of 54/100 (C-).

CTO

Buy

54

out of 100

Grade: C-

Growth: 9.3Profit: 6.0Value: 5.7Quality: 6.0
Piotroski: 4/9Altman Z: 1.08

GNL

Hold

46

out of 100

Grade: D+

Growth: 6.0Profit: 4.5Value: 6.7Quality: 4.0
Piotroski: 4/9Altman Z: -0.31
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CTOUndervalued (+88.2%)

Margin of Safety

+88.2%

Fair Value

$156.45

Current Price

$22.37

$134.08 discount

UndervaluedFair: $156.45Overvalued
GNLUndervalued (+30.1%)

Margin of Safety

+30.1%

Fair Value

$14.14

Current Price

$8.87

$5.27 discount

UndervaluedFair: $14.14Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CTO4 strengths · Avg: 9.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

EPS GrowthGrowth
1200.0%10/10

Earnings expanding 1200.0% YoY

Operating MarginProfitability
25.0%8/10

Strong operational efficiency at 25.0%

Revenue GrowthGrowth
15.0%8/10

15.0% revenue growth

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

Reasonable price relative to book value

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

EPS GrowthGrowth
333.0%10/10

Earnings expanding 333.0% YoY

Areas to Watch

CTO4 concerns · Avg: 2.8/10
Market CapQuality
$736.82M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
2.5%3/10

ROE of 2.5% — below average capital efficiency

Debt/EquityHealth
1.133/10

Elevated debt levels

P/E RatioValuation
109.0x2/10

Premium valuation, high expectations priced in

GNL4 concerns · Avg: 2.5/10
Market CapQuality
$1.93B3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.603/10

Elevated debt levels

Return on EquityProfitability
-2.6%2/10

ROE of -2.6% — below average capital efficiency

Revenue GrowthGrowth
-17.5%2/10

Revenue declined 17.5%

Comparative Analysis Report

WallStSmart Research

Bull Case : CTO

The strongest argument for CTO centers on Price/Book, EPS Growth, Operating Margin. Revenue growth of 15.0% demonstrates continued momentum.

Bull Case : GNL

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

Bear Case : CTO

The primary concerns for CTO are Market Cap, Return on Equity, Debt/Equity. A P/E of 109.0x leaves little room for execution misses.

Bear Case : GNL

The primary concerns for GNL are Market Cap, Debt/Equity, Return on Equity. Debt-to-equity of 1.60 is elevated, increasing financial risk.

Key Dynamics to Monitor

CTO profiles as a value stock while GNL is a turnaround play — different risk/reward profiles.

GNL carries more volatility with a beta of 0.99 — expect wider price swings.

CTO is growing revenue faster at 15.0% — sustainability is the question.

GNL generates stronger free cash flow (38M), providing more financial flexibility.

Bottom Line

CTO scores higher overall (54/100 vs 46/100) and 15.0% revenue growth. GNL offers better value entry with a 30.1% margin of safety. 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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Global Net Lease, Inc.

REAL ESTATE · REIT - DIVERSIFIED · USA

Global Net Lease, Inc. (GNL) is a prominent real estate investment trust (REIT) dedicated to the acquisition and management of a diversified portfolio of commercial properties under long-term net lease agreements, primarily to high-quality tenants. The company emphasizes reliability and risk-adjusted returns, operating across multiple sectors and geographies to enhance income stability and capitalize on capital appreciation opportunities. With a proficient management team boasting deep industry expertise, GNL is strategically positioned to adapt to market dynamics, making it an attractive investment option for institutional investors seeking consistent, sustainable income streams coupled with growth potential.

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