WallStSmart

Douglas Emmett Inc (DEI)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 86% more annual revenue ($1.86B vs $1.00B). VNO leads profitability with a 48.5% profit margin vs 1.6%. VNO appears more attractively valued with a PEG of 7.37. VNO earns a higher WallStSmart Score of 61/100 (C+).

DEI

Buy

56

out of 100

Grade: C

Growth: 6.0Profit: 4.5Value: 2.0Quality: 2.5
Piotroski: 2/9Altman Z: -0.34

VNO

Buy

61

out of 100

Grade: C+

Growth: 5.3Profit: 6.5Value: 7.3Quality: 4.8
Piotroski: 4/9Altman Z: 0.45
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

DEISignificantly Overvalued (-143.9%)

Margin of Safety

-143.9%

Fair Value

$4.21

Current Price

$9.38

$5.17 premium

UndervaluedFair: $4.21Overvalued
VNOUndervalued (+84.6%)

Margin of Safety

+84.6%

Fair Value

$196.56

Current Price

$25.98

$170.58 discount

UndervaluedFair: $196.56Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DEI1 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

VNO3 strengths · Avg: 10.0/10
P/E RatioValuation
6.2x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
48.5%10/10

Keeps 49 of every $100 in revenue as profit

Areas to Watch

DEI4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
1.5%4/10

1.5% revenue growth

EPS GrowthGrowth
3.6%4/10

3.6% earnings growth

Market CapQuality
$1.90B3/10

Smaller company, higher risk/reward

Profit MarginProfitability
1.6%3/10

1.6% margin — thin

VNO4 concerns · Avg: 2.0/10
PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-8.1%2/10

Revenue declined 8.1%

Free Cash FlowQuality
$-563.27M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.452/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : DEI

The strongest argument for DEI centers on Price/Book.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 48.5% and operating margin at 13.6%.

Bear Case : DEI

The primary concerns for DEI are Revenue Growth, EPS Growth, Market Cap. A P/E of 103.9x leaves little room for execution misses. Debt-to-equity of 2.92 is elevated, increasing financial risk.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Revenue Growth, Free Cash Flow.

Key Dynamics to Monitor

DEI profiles as a value stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.53 — expect wider price swings.

DEI is growing revenue faster at 1.5% — sustainability is the question.

DEI generates stronger free cash flow (12M), providing more financial flexibility.

Bottom Line

VNO scores higher overall (61/100 vs 56/100), backed by strong 48.5% 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.

Douglas Emmett Inc

REAL ESTATE · REIT - OFFICE · USA

Douglas Emmett, Inc. (DEI) is a fully integrated, self-managed and self-managed Real Estate Investment Trust (REIT) and one of the largest owners and operators of high-quality multifamily and office properties located in major coastal submarkets. from Los Angeles and Honolulu.

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Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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