WallStSmart

American Tower Corp (AMT)vsFarmland Partners Inc (FPI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American Tower Corp generates 20454% more annual revenue ($10.64B vs $51.79M). FPI leads profitability with a 60.9% profit margin vs 23.8%. FPI trades at a lower P/E of 17.8x. AMT earns a higher WallStSmart Score of 62/100 (C+).

AMT

Buy

62

out of 100

Grade: C+

Growth: 4.0Profit: 8.5Value: 7.3Quality: 3.8
Piotroski: 4/9Altman Z: 0.33

FPI

Hold

45

out of 100

Grade: D+

Growth: 2.0Profit: 7.0Value: 5.7Quality: 7.3
Piotroski: 4/9Altman Z: 2.08
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AMTSignificantly Overvalued (-391.5%)

Margin of Safety

-391.5%

Fair Value

$36.72

Current Price

$167.27

$130.55 premium

UndervaluedFair: $36.72Overvalued
FPISignificantly Overvalued (-192.3%)

Margin of Safety

-192.3%

Fair Value

$4.15

Current Price

$11.04

$6.89 premium

UndervaluedFair: $4.15Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AMT4 strengths · Avg: 9.3/10
Operating MarginProfitability
44.9%10/10

Strong operational efficiency at 44.9%

Market CapQuality
$78.31B9/10

Large-cap with strong market position

Return on EquityProfitability
26.3%9/10

Every $100 of equity generates 26 in profit

Profit MarginProfitability
23.8%9/10

Keeps 24 of every $100 in revenue as profit

FPI4 strengths · Avg: 9.5/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
60.9%10/10

Keeps 61 of every $100 in revenue as profit

Operating MarginProfitability
59.6%10/10

Strong operational efficiency at 59.6%

P/E RatioValuation
17.8x8/10

Attractively priced relative to earnings

Areas to Watch

AMT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.954/10

Expensive relative to growth rate

P/E RatioValuation
31.0x4/10

Premium valuation, high expectations priced in

Price/BookValuation
21.4x2/10

Trading at 21.4x book value

EPS GrowthGrowth
-33.2%2/10

Earnings declined 33.2%

FPI4 concerns · Avg: 2.5/10
Market CapQuality
$480.07M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.7%3/10

ROE of 5.7% — below average capital efficiency

Revenue GrowthGrowth
-1.8%2/10

Revenue declined 1.8%

EPS GrowthGrowth
-59.8%2/10

Earnings declined 59.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : AMT

The strongest argument for AMT centers on Operating Margin, Market Cap, Return on Equity. Profitability is solid with margins at 23.8% and operating margin at 44.9%.

Bull Case : FPI

The strongest argument for FPI centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 60.9% and operating margin at 59.6%.

Bear Case : AMT

The primary concerns for AMT are PEG Ratio, P/E Ratio, Price/Book.

Bear Case : FPI

The primary concerns for FPI are Market Cap, Return on Equity, Revenue Growth.

Key Dynamics to Monitor

AMT profiles as a mature stock while FPI is a declining play — different risk/reward profiles.

AMT carries more volatility with a beta of 0.91 — expect wider price swings.

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

AMT generates stronger free cash flow (848M), providing more financial flexibility.

Bottom Line

AMT scores higher overall (62/100 vs 45/100), backed by strong 23.8% margins. Both earn "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.

American Tower Corp

REAL ESTATE · REIT - SPECIALTY · USA

American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts.

Farmland Partners Inc

REAL ESTATE · REIT - SPECIALTY · USA

Farmland Partners Inc. (FPI) is a leading real estate investment trust (REIT) focused on the acquisition and management of premium agricultural land throughout the United States. By leasing its properties to skilled farmers, FPI generates reliable cash flows while capitalizing on the expanding agricultural market. The company emphasizes sustainable farming techniques and strategic diversification to address the growing global demand for food, positioning itself to deliver value to investors. With a robust portfolio and a commitment to operational excellence, Farmland Partners is well-equipped to adapt to the dynamic agricultural sector and drive long-term shareholder growth.

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