Agree Realty Corporation (ADC)vsTanger Factory Outlet Centers Inc (SKT)
ADC
Agree Realty Corporation
$74.22
-1.36%
REAL ESTATE · Cap: $9.06B
SKT
Tanger Factory Outlet Centers Inc
$33.95
-0.29%
REAL ESTATE · Cap: $3.90B
Smart Verdict
WallStSmart Research — data-driven comparison
Agree Realty Corporation generates 21% more annual revenue ($718.40M vs $595.14M). ADC leads profitability with a 28.4% profit margin vs 19.3%. 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-
SKT
Buy61
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
+16.4%
Fair Value
$40.47
Current Price
$33.95
$6.52 discount
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
Strong operational efficiency at 31.4%
Earnings expanding 21.3% 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
Premium valuation, high expectations priced in
Expensive relative to growth rate
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 : SKT
The strongest argument for SKT centers on Operating Margin, EPS Growth. Profitability is solid with margins at 19.3% and operating margin at 31.4%. Revenue growth of 13.9% 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 : SKT
The primary concerns for SKT are P/E Ratio, PEG Ratio, Altman Z-Score.
Key Dynamics to Monitor
ADC profiles as a growth stock while SKT is a mature play — different risk/reward profiles.
SKT carries more volatility with a beta of 1.17 — expect wider price swings.
ADC is growing revenue faster at 18.5% — sustainability is the question.
SKT generates stronger free cash flow (54M), providing more financial flexibility.
Bottom Line
ADC scores higher overall (68/100 vs 61/100), backed by strong 28.4% margins and 18.5% revenue growth. SKT offers better value entry with a 16.4% margin of safety. 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.
Tanger Factory Outlet Centers Inc
REAL ESTATE · REIT - RETAIL · USA
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.
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