WallStSmart

Empire State Realty Trust Inc (ESRT)vsSafehold Inc (SAFE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Empire State Realty Trust Inc generates 90% more annual revenue ($767.81M vs $404.44M). SAFE leads profitability with a 28.3% profit margin vs 6.2%. SAFE appears more attractively valued with a PEG of 0.65. SAFE earns a higher WallStSmart Score of 70/100 (B).

ESRT

Buy

59

out of 100

Grade: C

Growth: 8.0Profit: 5.0Value: 7.3Quality: 4.8
Piotroski: 2/9

SAFE

Strong Buy

70

out of 100

Grade: B

Growth: 6.7Profit: 7.0Value: 10.0Quality: 6.5
Piotroski: 3/9Altman Z: 0.92
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ESRTUndervalued (+45.5%)

Margin of Safety

+45.5%

Fair Value

$11.70

Current Price

$5.08

$6.62 discount

UndervaluedFair: $11.70Overvalued
SAFEUndervalued (+40.9%)

Margin of Safety

+40.9%

Fair Value

$25.06

Current Price

$13.79

$11.27 discount

UndervaluedFair: $25.06Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ESRT3 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
80.0%10/10

Revenue surging 80.0% year-over-year

EPS GrowthGrowth
75.4%10/10

Earnings expanding 75.4% YoY

SAFE5 strengths · Avg: 9.4/10
P/E RatioValuation
9.1x10/10

Attractively priced relative to earnings

Price/BookValuation
0.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
81.8%10/10

Strong operational efficiency at 81.8%

Profit MarginProfitability
28.3%9/10

Keeps 28 of every $100 in revenue as profit

PEG RatioValuation
0.658/10

Growing faster than its price suggests

Areas to Watch

ESRT4 concerns · Avg: 3.0/10
Market CapQuality
$1.53B3/10

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

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

SAFE4 concerns · Avg: 3.0/10
Market CapQuality
$1.04B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
4.8%3/10

ROE of 4.8% — below average capital efficiency

Debt/EquityHealth
1.963/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : ESRT

The strongest argument for ESRT centers on Price/Book, Revenue Growth, EPS Growth. Revenue growth of 80.0% demonstrates continued momentum.

Bull Case : SAFE

The strongest argument for SAFE centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 28.3% and operating margin at 81.8%. PEG of 0.65 suggests the stock is reasonably priced for its growth.

Bear Case : ESRT

The primary concerns for ESRT are Market Cap, Return on Equity, Profit Margin.

Bear Case : SAFE

The primary concerns for SAFE are Market Cap, Return on Equity, Debt/Equity. Debt-to-equity of 1.96 is elevated, increasing financial risk.

Key Dynamics to Monitor

ESRT profiles as a hypergrowth stock while SAFE is a mature play — different risk/reward profiles.

SAFE carries more volatility with a beta of 1.83 — expect wider price swings.

ESRT is growing revenue faster at 80.0% — sustainability is the question.

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

Bottom Line

SAFE scores higher overall (70/100 vs 59/100), backed by strong 28.3% margins. ESRT offers better value entry with a 45.5% margin of safety. Both earn "Strong 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.

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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Safehold Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

Safehold Inc. (SAFE) is a pioneering real estate investment trust (REIT) specializing in the acquisition and management of ground leases, enabling property owners to enhance asset value while preserving ownership. Targeting prime urban properties, Safehold offers a unique, low-risk investment opportunity characterized by stable income generation. With a robust balance sheet and a commitment to sustainable income growth, the company is well-positioned to leverage the increasing demand for ground leases. Its innovative business model not only sets it apart in the evolving real estate landscape but also provides an appealing avenue for institutional investors seeking diversification and consistent returns.

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