WallStSmart

Global Net Lease, Inc. (GNL)vsJBG SMITH Properties (JBGS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

JBG SMITH Properties generates 7% more annual revenue ($504.51M vs $472.16M). GNL leads profitability with a -8.7% profit margin vs -22.2%. JBGS earns a higher WallStSmart Score of 46/100 (D+).

GNL

Hold

46

out of 100

Grade: D+

Growth: 6.0Profit: 4.5Value: 6.7Quality: 4.0
Piotroski: 4/9Altman Z: -0.31

JBGS

Hold

46

out of 100

Grade: D+

Growth: 6.0Profit: 3.0Value: 4.7Quality: 3.5
Piotroski: 4/9Altman Z: 0.09
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GNLUndervalued (+30.1%)

Margin of Safety

+30.1%

Fair Value

$14.14

Current Price

$8.80

$5.34 discount

UndervaluedFair: $14.14Overvalued
JBGSFair Value (-0.5%)

Margin of Safety

-0.5%

Fair Value

$16.03

Current Price

$14.08

$1.95 premium

UndervaluedFair: $16.03Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GNL3 strengths · Avg: 10.0/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

EPS GrowthGrowth
333.0%10/10

Earnings expanding 333.0% YoY

JBGS2 strengths · Avg: 10.0/10
Price/BookValuation
0.7x10/10

Reasonable price relative to book value

EPS GrowthGrowth
59.5%10/10

Earnings expanding 59.5% YoY

Areas to Watch

GNL4 concerns · Avg: 2.5/10
Market CapQuality
$1.93B3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.603/10

Elevated debt levels

Return on EquityProfitability
-2.6%2/10

ROE of -2.6% — below average capital efficiency

Revenue GrowthGrowth
-17.5%2/10

Revenue declined 17.5%

JBGS4 concerns · Avg: 2.5/10
Market CapQuality
$1.12B3/10

Smaller company, higher risk/reward

Operating MarginProfitability
1.1%3/10

Operating margin of 1.1%

Return on EquityProfitability
-9.8%2/10

ROE of -9.8% — below average capital efficiency

Free Cash FlowQuality
$-19.83M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : GNL

The strongest argument for GNL centers on Price/Book, Operating Margin, EPS Growth.

Bull Case : JBGS

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

Bear Case : GNL

The primary concerns for GNL are Market Cap, Debt/Equity, Return on Equity. Debt-to-equity of 1.60 is elevated, increasing financial risk.

Bear Case : JBGS

The primary concerns for JBGS are Market Cap, Operating Margin, Return on Equity. Debt-to-equity of 2.26 is elevated, increasing financial risk.

Key Dynamics to Monitor

JBGS carries more volatility with a beta of 1.05 — expect wider price swings.

JBGS is growing revenue faster at 5.9% — sustainability is the question.

GNL generates stronger free cash flow (38M), providing more financial flexibility.

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

Bottom Line

GNL scores higher overall (46/100 vs 46/100). Both earn "Hold" 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.

Global Net Lease, Inc.

REAL ESTATE · REIT - DIVERSIFIED · USA

Global Net Lease, Inc. (GNL) is a prominent real estate investment trust (REIT) dedicated to the acquisition and management of a diversified portfolio of commercial properties under long-term net lease agreements, primarily to high-quality tenants. The company emphasizes reliability and risk-adjusted returns, operating across multiple sectors and geographies to enhance income stability and capitalize on capital appreciation opportunities. With a proficient management team boasting deep industry expertise, GNL is strategically positioned to adapt to market dynamics, making it an attractive investment option for institutional investors seeking consistent, sustainable income streams coupled with growth potential.

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JBG SMITH Properties

REAL ESTATE · REIT - DIVERSIFIED · USA

JBG SMITH is an S&P 400 company that owns, operates, invests, and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC.

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