WallStSmart

Alexander & Baldwin Holdings Inc (ALEX)vsFederal Realty Investment Trust (FRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 496% more annual revenue ($1.28B vs $214.96M). FRT leads profitability with a 32.1% profit margin vs 30.1%. FRT appears more attractively valued with a PEG of 3.65. FRT earns a higher WallStSmart Score of 66/100 (B-).

ALEX

Buy

51

out of 100

Grade: C-

Growth: 2.0Profit: 7.0Value: 4.7Quality: 5.0
Piotroski: 4/9

FRT

Strong Buy

66

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 7.3Quality: 4.3
Piotroski: 4/9Altman Z: 0.59
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ALEXSignificantly Overvalued (-243.8%)

Margin of Safety

-243.8%

Fair Value

$6.05

Current Price

$20.84

$14.79 premium

UndervaluedFair: $6.05Overvalued
FRTUndervalued (+51.2%)

Margin of Safety

+51.2%

Fair Value

$219.02

Current Price

$103.27

$115.75 discount

UndervaluedFair: $219.02Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ALEX3 strengths · Avg: 9.3/10
Profit MarginProfitability
30.1%10/10

Keeps 30 of every $100 in revenue as profit

Operating MarginProfitability
30.9%10/10

Strong operational efficiency at 30.9%

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

FRT4 strengths · Avg: 9.5/10
Profit MarginProfitability
32.1%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
34.5%10/10

Strong operational efficiency at 34.5%

EPS GrowthGrowth
98.7%10/10

Earnings expanding 98.7% YoY

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

Areas to Watch

ALEX4 concerns · Avg: 2.5/10
Market CapQuality
$1.52B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
6.5%3/10

ROE of 6.5% — below average capital efficiency

PEG RatioValuation
4.482/10

Expensive relative to growth rate

Revenue GrowthGrowth
-17.6%2/10

Revenue declined 17.6%

FRT2 concerns · Avg: 2.0/10
PEG RatioValuation
3.652/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.592/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ALEX

The strongest argument for ALEX centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 30.1% and operating margin at 30.9%.

Bull Case : FRT

The strongest argument for FRT centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 32.1% and operating margin at 34.5%.

Bear Case : ALEX

The primary concerns for ALEX are Market Cap, Return on Equity, PEG Ratio.

Bear Case : FRT

The primary concerns for FRT are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

ALEX profiles as a declining stock while FRT is a mature play — different risk/reward profiles.

FRT carries more volatility with a beta of 1.01 — expect wider price swings.

FRT is growing revenue faster at 7.5% — sustainability is the question.

FRT generates stronger free cash flow (51M), providing more financial flexibility.

Bottom Line

FRT scores higher overall (66/100 vs 51/100), backed by strong 32.1% margins. 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.

Alexander & Baldwin Holdings Inc

REAL ESTATE · REIT - RETAIL · USA

Alexander & Baldwin, Inc. (A&B) is Hawaii's leading commercial real estate company and the largest neighborhood grocery shopping center owner in the state.

Federal Realty Investment Trust

REAL ESTATE · REIT - RETAIL · USA

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

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