WallStSmart

Kite Realty Group Trust (KRG)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 233% more annual revenue ($2.82B vs $844.37M). SBAC leads profitability with a 37.4% profit margin vs 35.4%. KRG appears more attractively valued with a PEG of 3.14. KRG earns a higher WallStSmart Score of 61/100 (C+).

KRG

Buy

61

out of 100

Grade: C+

Growth: 5.3Profit: 7.0Value: 6.0Quality: 4.3
Piotroski: 4/9Altman Z: 0.64

SBAC

Buy

54

out of 100

Grade: C-

Growth: 6.0Profit: 8.0Value: 4.7Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

KRGUndervalued (+53.9%)

Margin of Safety

+53.9%

Fair Value

$53.50

Current Price

$26.16

$27.34 discount

UndervaluedFair: $53.50Overvalued
SBACUndervalued (+12.1%)

Margin of Safety

+12.1%

Fair Value

$217.30

Current Price

$215.97

$1.33 discount

UndervaluedFair: $217.30Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

KRG4 strengths · Avg: 9.0/10
Profit MarginProfitability
35.4%10/10

Keeps 35 of every $100 in revenue as profit

EPS GrowthGrowth
747.0%10/10

Earnings expanding 747.0% YoY

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

Operating MarginProfitability
23.2%8/10

Strong operational efficiency at 23.2%

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
37.4%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

EPS GrowthGrowth
115.6%10/10

Earnings expanding 115.6% YoY

Areas to Watch

KRG3 concerns · Avg: 2.0/10
PEG RatioValuation
3.142/10

Expensive relative to growth rate

Revenue GrowthGrowth
-3.8%2/10

Revenue declined 3.8%

Altman Z-ScoreHealth
0.642/10

Distress zone — elevated risk

SBAC4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
3.7%4/10

3.7% revenue growth

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
4.892/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : KRG

The strongest argument for KRG centers on Profit Margin, EPS Growth, Price/Book. Profitability is solid with margins at 35.4% and operating margin at 23.2%.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 37.4% and operating margin at 52.4%.

Bear Case : KRG

The primary concerns for KRG are PEG Ratio, Revenue Growth, Altman Z-Score.

Bear Case : SBAC

The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

KRG profiles as a declining stock while SBAC is a value play — different risk/reward profiles.

SBAC carries more volatility with a beta of 0.88 — expect wider price swings.

SBAC is growing revenue faster at 3.7% — sustainability is the question.

SBAC generates stronger free cash flow (241M), providing more financial flexibility.

Bottom Line

KRG scores higher overall (61/100 vs 54/100), backed by strong 35.4% margins. 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.

Kite Realty Group Trust

REAL ESTATE · REIT - RETAIL · USA

Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

SBA Communications Corp

REAL ESTATE · REIT - SPECIALTY · USA

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.

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