Macerich Company (MAC)vsSBA Communications Corp (SBAC)
MAC
Macerich Company
$21.82
+0.37%
REAL ESTATE · Cap: $5.93B
SBAC
SBA Communications Corp
$215.97
-0.74%
REAL ESTATE · Cap: $22.91B
Smart Verdict
WallStSmart Research — data-driven comparison
SBA Communications Corp generates 170% more annual revenue ($2.82B vs $1.04B). SBAC leads profitability with a 37.4% profit margin vs -18.9%. MAC appears more attractively valued with a PEG of 4.80. SBAC earns a higher WallStSmart Score of 54/100 (C-).
MAC
Hold45
out of 100
Grade: D+
SBAC
Buy54
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+34.7%
Fair Value
$28.87
Current Price
$21.82
$7.05 discount
Margin of Safety
+12.1%
Fair Value
$217.30
Current Price
$215.97
$1.33 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Earnings expanding 3971.0% YoY
Reasonable price relative to book value
Strong operational efficiency at 24.4%
Keeps 37 of every $100 in revenue as profit
Strong operational efficiency at 52.4%
Earnings expanding 115.6% YoY
Areas to Watch
Weak financial health signals
Expensive relative to growth rate
ROE of -7.5% — below average capital efficiency
Revenue declined 17.4%
3.7% revenue growth
ROE of 0.0% — below average capital efficiency
Expensive relative to growth rate
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : MAC
The strongest argument for MAC centers on EPS Growth, Price/Book, Operating Margin.
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 : MAC
The primary concerns for MAC are Piotroski F-Score, PEG Ratio, Return on Equity.
Bear Case : SBAC
The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.
Key Dynamics to Monitor
MAC profiles as a turnaround stock while SBAC is a value play — different risk/reward profiles.
MAC carries more volatility with a beta of 2.19 — 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
SBAC scores higher overall (54/100 vs 45/100), backed by strong 37.4% margins. MAC offers better value entry with a 34.7% 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.
Macerich Company
REAL ESTATE · REIT - RETAIL · USA
The Macerich Company (MAC) is a premier real estate investment trust (REIT) specializing in the ownership, leasing, and management of high-quality retail properties in major U.S. markets. With a strategically curated portfolio of upscale shopping centers and mixed-use developments, Macerich emphasizes tenant performance and customer experience in an evolving retail landscape. The company's strong commitment to sustainability and operational efficiency not only supports its financial stability but also enhances its capacity to seize growth opportunities, ultimately delivering long-term value for shareholders.
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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