WallStSmart

Phillips Edison & Co Inc (PECO)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 280% more annual revenue ($2.85B vs $750.89M). SBAC leads profitability with a 35.7% profit margin vs 19.1%. SBAC trades at a lower P/E of 19.1x. PECO earns a higher WallStSmart Score of 58/100 (C).

PECO

Buy

58

out of 100

Grade: C

Growth: 7.3Profit: 6.5Value: 3.7Quality: 3.0
Piotroski: 3/9Altman Z: 0.48

SBAC

Hold

49

out of 100

Grade: D+

Growth: 4.0Profit: 8.0Value: 4.7Quality: 5.0
Piotroski: 5/9Altman Z: -0.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PECOSignificantly Overvalued (-31.0%)

Margin of Safety

-31.0%

Fair Value

$28.78

Current Price

$40.75

$11.97 premium

UndervaluedFair: $28.78Overvalued
SBACUndervalued (+0.4%)

Margin of Safety

+0.4%

Fair Value

$191.80

Current Price

$184.03

$7.77 discount

UndervaluedFair: $191.80Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PECO3 strengths · Avg: 8.7/10
EPS GrowthGrowth
219.2%10/10

Earnings expanding 219.2% YoY

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

Operating MarginProfitability
28.8%8/10

Strong operational efficiency at 28.8%

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
35.7%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

Debt/EquityHealth
-3.2410/10

Conservative balance sheet, low leverage

Areas to Watch

PECO4 concerns · Avg: 3.3/10
P/E RatioValuation
37.3x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
5.1%3/10

ROE of 5.1% — below average capital efficiency

Debt/EquityHealth
1.153/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

SBAC4 concerns · Avg: 2.3/10
Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
7.512/10

Expensive relative to growth rate

EPS GrowthGrowth
-14.7%2/10

Earnings declined 14.7%

Altman Z-ScoreHealth
-0.262/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : PECO

The strongest argument for PECO centers on EPS Growth, Price/Book, Operating Margin. Profitability is solid with margins at 19.1% and operating margin at 28.8%.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 35.7% and operating margin at 52.4%.

Bear Case : PECO

The primary concerns for PECO are P/E Ratio, Return on Equity, Debt/Equity.

Bear Case : SBAC

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

Key Dynamics to Monitor

SBAC carries more volatility with a beta of 1.00 — expect wider price swings.

PECO is growing revenue faster at 6.7% — sustainability is the question.

SBAC generates stronger free cash flow (207M), providing more financial flexibility.

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

Bottom Line

PECO scores higher overall (58/100 vs 49/100), backed by strong 19.1% margins. 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.

Phillips Edison & Co Inc

REAL ESTATE · REIT - RETAIL · USA

Phillips Edison & Company, Inc. (PECO) is a prominent real estate investment trust (REIT) specializing in the acquisition, management, and development of grocery-anchored shopping centers throughout the United States. With over 300 strategically located properties, PECO effectively capitalizes on demographic trends and evolving consumer behaviors to optimize asset performance and enhance shareholder value. The company maintains robust relationships with both national and regional tenants, providing a stable cash flow while adhering to disciplined capital management and sustainability practices that reinforce its commitment to responsible operations and long-term returns for investors.

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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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