Agree Realty Corporation (ADC)vsSimon Property Group Inc (SPG)
ADC
Agree Realty Corporation
$76.50
+0.72%
REAL ESTATE · Cap: $9.20B
SPG
Simon Property Group Inc
$205.51
+1.58%
REAL ESTATE · Cap: $77.06B
Smart Verdict
WallStSmart Research — data-driven comparison
Simon Property Group Inc generates 749% more annual revenue ($6.36B vs $750.04M). SPG leads profitability with a 72.7% profit margin vs 29.2%. 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-
SPG
Strong Buy67
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+80.4%
Fair Value
$391.67
Current Price
$76.50
$315.17 discount
Margin of Safety
-18.2%
Fair Value
$164.74
Current Price
$205.51
$40.77 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Growing faster than its price suggests
Strong operational efficiency at 48.7%
Keeps 29 of every $100 in revenue as profit
Reasonable price relative to book value
18.7% revenue growth
Every $100 of equity generates 104 in profit
Keeps 73 of every $100 in revenue as profit
Strong operational efficiency at 49.7%
Earnings expanding 358.1% YoY
Large-cap with strong market position
Attractively priced relative to earnings
Areas to Watch
ROE of 3.7% — below average capital efficiency
Weak financial health signals
Premium valuation, high expectations priced in
Negative free cash flow — burning cash
Trading at 12.9x book value
Expensive relative to growth rate
Comparative Analysis Report
WallStSmart ResearchBull Case : ADC
The strongest argument for ADC centers on PEG Ratio, Operating Margin, Profit Margin. Profitability is solid with margins at 29.2% and operating margin at 48.7%. Revenue growth of 18.7% demonstrates continued momentum.
Bull Case : SPG
The strongest argument for SPG centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 72.7% and operating margin at 49.7%. Revenue growth of 13.2% 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 41.3x leaves little room for execution misses.
Bear Case : SPG
The primary concerns for SPG are Price/Book, PEG Ratio.
Key Dynamics to Monitor
ADC profiles as a growth stock while SPG is a mature play — different risk/reward profiles.
SPG carries more volatility with a beta of 1.40 — expect wider price swings.
ADC is growing revenue faster at 18.7% — sustainability is the question.
SPG generates stronger free cash flow (982M), providing more financial flexibility.
Bottom Line
ADC scores higher overall (68/100 vs 67/100), backed by strong 29.2% margins and 18.7% revenue growth. Both earn "Strong Buy" and "Strong 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.
Simon Property Group Inc
REAL ESTATE · REIT - RETAIL · USA
Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.
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