WallStSmart

Four Corners Property Trust Inc (FCPT)vsFederal Realty Investment Trust (FRT)

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Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 336% more annual revenue ($1.31B vs $300.82M). FCPT leads profitability with a 38.7% profit margin vs 38.6%. FRT trades at a lower P/E of 21.8x. FRT earns a higher WallStSmart Score of 65/100 (C+).

FCPT

Buy

54

out of 100

Grade: C-

Growth: 5.3Profit: 7.5Value: 7.0Quality: 4.0
Piotroski: 4/9Altman Z: 0.98

FRT

Buy

65

out of 100

Grade: C+

Growth: 7.3Profit: 8.5Value: 6.0Quality: 3.5
Piotroski: 2/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FCPTUndervalued (+32.0%)

Margin of Safety

+32.0%

Fair Value

$37.14

Current Price

$24.70

$12.44 discount

UndervaluedFair: $37.14Overvalued
FRTUndervalued (+35.4%)

Margin of Safety

+35.4%

Fair Value

$165.65

Current Price

$122.56

$43.09 discount

UndervaluedFair: $165.65Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FCPT3 strengths · Avg: 9.3/10
Profit MarginProfitability
38.7%10/10

Keeps 39 of every $100 in revenue as profit

Operating MarginProfitability
62.6%10/10

Strong operational efficiency at 62.6%

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

FRT3 strengths · Avg: 10.0/10
Profit MarginProfitability
38.6%10/10

Keeps 39 of every $100 in revenue as profit

Operating MarginProfitability
34.1%10/10

Strong operational efficiency at 34.1%

EPS GrowthGrowth
152.5%10/10

Earnings expanding 152.5% YoY

Areas to Watch

FCPT3 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.6%4/10

0.6% earnings growth

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

Altman Z-ScoreHealth
0.982/10

Distress zone — elevated risk

FRT4 concerns · Avg: 2.5/10
Debt/EquityHealth
1.493/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
3.652/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : FCPT

The strongest argument for FCPT centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 38.7% and operating margin at 62.6%.

Bull Case : FRT

The strongest argument for FRT centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 38.6% and operating margin at 34.1%. Revenue growth of 10.3% demonstrates continued momentum.

Bear Case : FCPT

The primary concerns for FCPT are EPS Growth, Return on Equity, Altman Z-Score.

Bear Case : FRT

The primary concerns for FRT are Debt/Equity, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

FRT carries more volatility with a beta of 0.94 — expect wider price swings.

FRT is growing revenue faster at 10.3% — sustainability is the question.

FRT generates stronger free cash flow (121M), providing more financial flexibility.

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

Bottom Line

FRT scores higher overall (65/100 vs 54/100), backed by strong 38.6% margins and 10.3% revenue growth. FCPT offers better value entry with a 32.0% margin of safety. 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.

Four Corners Property Trust Inc

REAL ESTATE · REIT - RETAIL · USA

Four Corners Property Trust Inc. (FCPT) is a distinguished real estate investment trust (REIT) that specializes in acquiring and managing a diversified portfolio of high-quality retail and restaurant properties throughout the United States. By focusing on single-tenant net lease agreements with well-established restaurant brands, FCPT aims to generate stable cash flows and promote sustainable growth. The company's commitment to proactive asset management and responsive leasing strategies enhances its adaptability to evolving market conditions, positioning FCPT to deliver consistent long-term value to its shareholders.

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Federal Realty Investment Trust

REAL ESTATE · REIT - RETAIL · USA

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

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