WallStSmart

Regency Centers Corporation (REG)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 73% more annual revenue ($2.85B vs $1.65B). SBAC leads profitability with a 35.7% profit margin vs 33.1%. REG appears more attractively valued with a PEG of 2.61. REG earns a higher WallStSmart Score of 63/100 (C+).

REG

Buy

63

out of 100

Grade: C+

Growth: 6.7Profit: 8.0Value: 6.0Quality: 4.3
Piotroski: 4/9Altman Z: 0.80

SBAC

Hold

46

out of 100

Grade: D+

Growth: 4.0Profit: 8.0Value: 4.7Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

REGUndervalued (+47.9%)

Margin of Safety

+47.9%

Fair Value

$146.78

Current Price

$77.59

$69.19 discount

UndervaluedFair: $146.78Overvalued
SBACUndervalued (+13.3%)

Margin of Safety

+13.3%

Fair Value

$220.22

Current Price

$218.17

$2.05 discount

UndervaluedFair: $220.22Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

REG3 strengths · Avg: 9.3/10
Profit MarginProfitability
33.1%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
40.7%10/10

Strong operational efficiency at 40.7%

Price/BookValuation
2.1x8/10

Reasonable price relative to book value

SBAC2 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%

Areas to Watch

REG3 concerns · Avg: 2.7/10
P/E RatioValuation
26.8x4/10

Moderate valuation

PEG RatioValuation
2.612/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.802/10

Distress zone — elevated risk

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

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
9.072/10

Expensive relative to growth rate

EPS GrowthGrowth
-14.7%2/10

Earnings declined 14.7%

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : REG

The strongest argument for REG centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 33.1% and operating margin at 40.7%.

Bull Case : SBAC

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

Bear Case : REG

The primary concerns for REG are P/E Ratio, PEG Ratio, Altman Z-Score.

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 1.02 — expect wider price swings.

REG is growing revenue faster at 10.0% — 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

REG scores higher overall (63/100 vs 46/100), backed by strong 33.1% 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.

Regency Centers Corporation

REAL ESTATE · REIT - RETAIL · USA

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants.

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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