WallStSmart

Agree Realty Corporation (ADC)vsBrixmor Property (BRX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Brixmor Property generates 80% more annual revenue ($1.40B vs $779.62M). BRX leads profitability with a 30.8% profit margin vs 28.8%. ADC appears more attractively valued with a PEG of 0.13. ADC earns a higher WallStSmart Score of 64/100 (C+).

ADC

Buy

64

out of 100

Grade: C+

Growth: 6.7Profit: 7.0Value: 8.0Quality: 4.0
Piotroski: 3/9Altman Z: 1.16

BRX

Buy

56

out of 100

Grade: C

Growth: 3.3Profit: 8.0Value: 4.0Quality: 4.5
Piotroski: 4/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADCUndervalued (+80.3%)

Margin of Safety

+80.3%

Fair Value

$388.86

Current Price

$76.08

$312.78 discount

UndervaluedFair: $388.86Overvalued
BRXSignificantly Overvalued (-42.8%)

Margin of Safety

-42.8%

Fair Value

$22.06

Current Price

$31.18

$9.12 premium

UndervaluedFair: $22.06Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADC5 strengths · Avg: 9.0/10
PEG RatioValuation
0.1310/10

Growing faster than its price suggests

Operating MarginProfitability
48.1%10/10

Strong operational efficiency at 48.1%

Profit MarginProfitability
28.8%9/10

Keeps 29 of every $100 in revenue as profit

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
16.8%8/10

16.8% revenue growth

BRX2 strengths · Avg: 10.0/10
Profit MarginProfitability
30.8%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
36.0%10/10

Strong operational efficiency at 36.0%

Areas to Watch

ADC4 concerns · Avg: 3.0/10
EPS GrowthGrowth
2.1%4/10

2.1% earnings growth

Return on EquityProfitability
3.5%3/10

ROE of 3.5% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
41.8x2/10

Premium valuation, high expectations priced in

BRX4 concerns · Avg: 3.0/10
PEG RatioValuation
1.684/10

Expensive relative to growth rate

Revenue GrowthGrowth
4.3%4/10

4.3% revenue growth

EPS GrowthGrowth
-14.1%2/10

Earnings declined 14.1%

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ADC

The strongest argument for ADC centers on PEG Ratio, Operating Margin, Profit Margin. Profitability is solid with margins at 28.8% and operating margin at 48.1%. Revenue growth of 16.8% demonstrates continued momentum.

Bull Case : BRX

The strongest argument for BRX centers on Profit Margin, Operating Margin. Profitability is solid with margins at 30.8% and operating margin at 36.0%.

Bear Case : ADC

The primary concerns for ADC are EPS Growth, Return on Equity, Piotroski F-Score. A P/E of 41.8x leaves little room for execution misses.

Bear Case : BRX

The primary concerns for BRX are PEG Ratio, Revenue Growth, EPS Growth.

Key Dynamics to Monitor

ADC profiles as a growth stock while BRX is a value play — different risk/reward profiles.

BRX carries more volatility with a beta of 0.96 — expect wider price swings.

ADC is growing revenue faster at 16.8% — sustainability is the question.

BRX generates stronger free cash flow (204M), providing more financial flexibility.

Bottom Line

ADC scores higher overall (64/100 vs 56/100), backed by strong 28.8% margins and 16.8% revenue growth. 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.

Agree Realty Corporation

REAL ESTATE · REIT - RETAIL · USA

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of net leased properties to industry leading retail tenants.

Brixmor Property

REAL ESTATE · REIT - RETAIL · USA

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality national portfolio of outdoor shopping centers.

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