WallStSmart

Franklin Street Properties Corp (FSP)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 1645% more annual revenue ($1.85B vs $106.28M). VNO leads profitability with a 42.9% profit margin vs -31.1%. VNO appears more attractively valued with a PEG of 7.37. VNO earns a higher WallStSmart Score of 59/100 (C).

FSP

Hold

45

out of 100

Grade: D+

Growth: 4.7Profit: 2.0Value: 5.7Quality: 6.0
Piotroski: 4/9Altman Z: 0.23

VNO

Buy

59

out of 100

Grade: C

Growth: 5.3Profit: 6.5Value: 7.3Quality: 5.0
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FSPUndervalued (+85.2%)

Margin of Safety

+85.2%

Fair Value

$5.53

Current Price

$0.52

$5.01 discount

UndervaluedFair: $5.53Overvalued
VNOUndervalued (+33.5%)

Margin of Safety

+33.5%

Fair Value

$45.49

Current Price

$35.21

$10.28 discount

UndervaluedFair: $45.49Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FSP2 strengths · Avg: 10.0/10
Price/BookValuation
0.1x10/10

Reasonable price relative to book value

EPS GrowthGrowth
317.6%10/10

Earnings expanding 317.6% YoY

VNO4 strengths · Avg: 10.0/10
P/E RatioValuation
10.5x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
42.9%10/10

Keeps 43 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Areas to Watch

FSP4 concerns · Avg: 2.3/10
Market CapQuality
$59.35M3/10

Smaller company, higher risk/reward

PEG RatioValuation
9.822/10

Expensive relative to growth rate

Return on EquityProfitability
-5.5%2/10

ROE of -5.5% — below average capital efficiency

Revenue GrowthGrowth
-3.3%2/10

Revenue declined 3.3%

VNO4 concerns · Avg: 2.3/10
Debt/EquityHealth
1.403/10

Elevated debt levels

PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-2.2%2/10

Revenue declined 2.2%

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : FSP

The strongest argument for FSP centers on Price/Book, EPS Growth.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.9% and operating margin at 13.7%.

Bear Case : FSP

The primary concerns for FSP are Market Cap, PEG Ratio, Return on Equity.

Bear Case : VNO

The primary concerns for VNO are Debt/Equity, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

FSP profiles as a turnaround stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.56 — expect wider price swings.

VNO is growing revenue faster at -2.2% — sustainability is the question.

VNO generates stronger free cash flow (48M), providing more financial flexibility.

Bottom Line

VNO scores higher overall (59/100 vs 45/100), backed by strong 42.9% margins. FSP offers better value entry with a 85.2% 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.

Franklin Street Properties Corp

REAL ESTATE · REIT - OFFICE · USA

Franklin Street Properties Corp (FSP) is a prominent real estate investment trust (REIT) dedicated to the acquisition, development, and management of high-quality office and industrial properties throughout the United States. Its diversified portfolio, strategically situated in key urban markets, aims to deliver robust income streams while enhancing shareholder returns through asset optimization and sustainable practices. Led by an experienced management team, FSP employs a disciplined investment approach that enables it to seize emerging opportunities in the ever-evolving real estate landscape, solidifying its reputation as a dependable leader in the REIT sector.

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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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