Agree Realty Corporation (ADC)vsMacerich Company (MAC)
ADC
Agree Realty Corporation
$74.22
-1.36%
REAL ESTATE · Cap: $9.06B
MAC
Macerich Company
$18.81
+1.40%
REAL ESTATE · Cap: $5.00B
Smart Verdict
WallStSmart Research — data-driven comparison
Macerich Company generates 45% more annual revenue ($1.04B vs $718.40M). ADC leads profitability with a 28.4% profit margin vs -18.9%. ADC appears more attractively valued with a PEG of 0.13. ADC earns a higher WallStSmart Score of 68/100 (B-).
ADC
Strong Buy68
out of 100
Grade: B-
MAC
Hold48
out of 100
Grade: D+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-48.5%
Fair Value
$51.68
Current Price
$74.22
$22.54 premium
Intrinsic value data unavailable for MAC.
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
Reasonable price relative to book value
Strong operational efficiency at 24.4%
Earnings expanding 39.7% YoY
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
Weak financial health signals
Expensive relative to growth rate
ROE of -7.5% — below average capital efficiency
Revenue declined 17.4%
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 : MAC
The strongest argument for MAC centers on Price/Book, Operating Margin, EPS Growth.
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 : MAC
The primary concerns for MAC are Piotroski F-Score, PEG Ratio, Return on Equity.
Key Dynamics to Monitor
ADC profiles as a growth stock while MAC is a turnaround play — different risk/reward profiles.
MAC carries more volatility with a beta of 2.21 — expect wider price swings.
ADC is growing revenue faster at 18.5% — sustainability is the question.
MAC generates stronger free cash flow (50M), providing more financial flexibility.
Bottom Line
ADC scores higher overall (68/100 vs 48/100), backed by strong 28.4% margins and 18.5% revenue growth. Both earn "Strong 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.
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.
Macerich Company
REAL ESTATE · REIT - RETAIL · USA
The Macerich Company (MAC) is a leading real estate investment trust (REIT) focused on owning, leasing, and managing high-quality retail properties, primarily in major U.S. markets. With a strategic portfolio that includes premier shopping centers and mixed-use developments, Macerich prioritizes tenant success and customer engagement, adeptly navigating the shifting retail environment. Their commitment to sustainability and operational excellence underpins a solid financial foundation, positioning the company to capitalize on growth opportunities and generate long-term value for shareholders.
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