WallStSmart

Federal Realty Investment Trust (FRT)vsTanger Factory Outlet Centers Inc (SKT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 115% more annual revenue ($1.31B vs $611.24M). FRT leads profitability with a 38.6% profit margin vs 20.3%. FRT appears more attractively valued with a PEG of 3.59. FRT earns a higher WallStSmart Score of 67/100 (B-).

FRT

Strong Buy

67

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 6.0Quality: 4.3
Piotroski: 4/9Altman Z: 0.59

SKT

Strong Buy

65

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 5.3Quality: 3.8
Piotroski: 5/9Altman Z: 0.41
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FRTUndervalued (+41.3%)

Margin of Safety

+41.3%

Fair Value

$182.22

Current Price

$115.68

$66.54 discount

UndervaluedFair: $182.22Overvalued
SKTUndervalued (+41.9%)

Margin of Safety

+41.9%

Fair Value

$58.22

Current Price

$36.37

$21.85 discount

UndervaluedFair: $58.22Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

SKT3 strengths · Avg: 9.0/10
Operating MarginProfitability
30.3%10/10

Strong operational efficiency at 30.3%

Profit MarginProfitability
20.3%9/10

Keeps 20 of every $100 in revenue as profit

EPS GrowthGrowth
42.0%8/10

Earnings expanding 42.0% YoY

Areas to Watch

FRT2 concerns · Avg: 2.0/10
PEG RatioValuation
3.592/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.592/10

Distress zone — elevated risk

SKT3 concerns · Avg: 2.7/10
P/E RatioValuation
34.3x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
4.142/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.412/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : SKT

The strongest argument for SKT centers on Operating Margin, Profit Margin, EPS Growth. Profitability is solid with margins at 20.3% and operating margin at 30.3%. Revenue growth of 11.7% demonstrates continued momentum.

Bear Case : FRT

The primary concerns for FRT are PEG Ratio, Altman Z-Score.

Bear Case : SKT

The primary concerns for SKT are P/E Ratio, PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

SKT carries more volatility with a beta of 1.12 — expect wider price swings.

SKT is growing revenue faster at 11.7% — sustainability is the question.

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

Bottom Line

FRT scores higher overall (67/100 vs 65/100), backed by strong 38.6% margins and 10.3% revenue growth. SKT offers better value entry with a 41.9% margin of safety. Both earn "Strong Buy" and "Strong 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.

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.

Tanger Factory Outlet Centers Inc

REAL ESTATE · REIT - RETAIL · USA

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.

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