WallStSmart

SBA Communications Corp (SBAC)vsSeritage Growth Properties (SRG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 18259% more annual revenue ($2.85B vs $15.55M). SBAC leads profitability with a 35.7% profit margin vs 0.0%. SBAC earns a higher WallStSmart Score of 49/100 (D+).

SBAC

Hold

49

out of 100

Grade: D+

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

SRG

Avoid

24

out of 100

Grade: F

Growth: 2.0Profit: 2.5Value: 4.0Quality: 7.5
Piotroski: 6/9Altman Z: -0.63
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SBACUndervalued (+0.7%)

Margin of Safety

+0.7%

Fair Value

$192.34

Current Price

$183.76

$8.58 discount

UndervaluedFair: $192.34Overvalued
SRGSignificantly Overvalued (-53.5%)

Margin of Safety

-53.5%

Fair Value

$1.98

Current Price

$2.63

$0.65 premium

UndervaluedFair: $1.98Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

SRG2 strengths · Avg: 9.5/10
Price/BookValuation
0.5x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.179/10

Conservative balance sheet, low leverage

Areas to Watch

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

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
7.702/10

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

SRG4 concerns · Avg: 2.5/10
Market CapQuality
$149.82M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Return on EquityProfitability
-25.9%2/10

ROE of -25.9% — below average capital efficiency

Revenue GrowthGrowth
-98.4%2/10

Revenue declined 98.4%

Comparative Analysis Report

WallStSmart Research

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%.

Bull Case : SRG

The strongest argument for SRG centers on Price/Book, Debt/Equity.

Bear Case : SBAC

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

Bear Case : SRG

The primary concerns for SRG are Market Cap, Profit Margin, Return on Equity.

Key Dynamics to Monitor

SBAC profiles as a mature stock while SRG is a value play — different risk/reward profiles.

SRG carries more volatility with a beta of 2.21 — expect wider price swings.

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

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

Bottom Line

SBAC scores higher overall (49/100 vs 24/100), backed by strong 35.7% margins. Both earn "Hold" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

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.

Seritage Growth Properties

REAL ESTATE · REAL ESTATE SERVICES · USA

Seritage Growth Properties is a publicly traded, self-managed and self-managed REIT with 166 wholly owned properties and 29 unconsolidated properties totaling approximately 30.

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