Agree Realty Corporation (ADC)vsEssential Properties Realty Trust Inc (EPRT)
ADC
Agree Realty Corporation
$74.22
-1.36%
REAL ESTATE · Cap: $9.06B
EPRT
Essential Properties Realty Trust Inc
$30.69
-1.32%
REAL ESTATE · Cap: $6.54B
Smart Verdict
WallStSmart Research — data-driven comparison
Agree Realty Corporation generates 28% more annual revenue ($718.40M vs $561.22M). EPRT leads profitability with a 45.1% profit margin vs 28.4%. EPRT trades at a lower P/E of 24.5x. ADC earns a higher WallStSmart Score of 68/100 (B-).
ADC
Strong Buy68
out of 100
Grade: B-
EPRT
Buy62
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-48.5%
Fair Value
$51.68
Current Price
$74.22
$22.54 premium
Margin of Safety
-1.1%
Fair Value
$31.19
Current Price
$30.69
$0.50 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Growing faster than its price suggests
Reasonable price relative to book value
Strong operational efficiency at 48.3%
Keeps 28 of every $100 in revenue as profit
18.5% revenue growth
Keeps 45 of every $100 in revenue as profit
Strong operational efficiency at 65.6%
Reasonable price relative to book value
Revenue surging 25.2% year-over-year
Areas to Watch
ROE of 3.5% — below average capital efficiency
Weak financial health signals
Premium valuation, high expectations priced in
Negative free cash flow — burning cash
ROE of 6.5% — below average capital efficiency
Weak financial health signals
Negative free cash flow — burning cash
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : ADC
The strongest argument for ADC centers on PEG Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 28.4% and operating margin at 48.3%. Revenue growth of 18.5% demonstrates continued momentum.
Bull Case : EPRT
The strongest argument for EPRT centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 45.1% and operating margin at 65.6%. Revenue growth of 25.2% demonstrates continued momentum.
Bear Case : ADC
The primary concerns for ADC are Return on Equity, Piotroski F-Score, P/E Ratio. A P/E of 42.5x leaves little room for execution misses.
Bear Case : EPRT
The primary concerns for EPRT are Return on Equity, Piotroski F-Score, Free Cash Flow.
Key Dynamics to Monitor
EPRT carries more volatility with a beta of 0.99 — expect wider price swings.
EPRT is growing revenue faster at 25.2% — sustainability is the question.
EPRT generates stronger free cash flow (-165M), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
ADC scores higher overall (68/100 vs 62/100), backed by strong 28.4% margins and 18.5% revenue growth. Both earn "Strong 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.
Essential Properties Realty Trust Inc
REAL ESTATE · REIT - RETAIL · USA
Essential Properties Realty Trust, Inc., a real estate company, acquires, owns and manages single-tenant properties in the United States. The company is headquartered in Princeton, New Jersey.
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