WallStSmart

American Tower Corp (AMT)vsTPG RE Finance Trust Inc (TRTX)

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Smart Verdict

WallStSmart Research — data-driven comparison

American Tower Corp generates 8081% more annual revenue ($10.82B vs $132.24M). TRTX leads profitability with a 45.6% profit margin vs 26.8%. TRTX trades at a lower P/E of 14.8x. AMT earns a higher WallStSmart Score of 72/100 (B).

AMT

Strong Buy

72

out of 100

Grade: B

Growth: 6.7Profit: 9.0Value: 6.0Quality: 3.8
Piotroski: 4/9Altman Z: 0.33

TRTX

Hold

48

out of 100

Grade: D+

Growth: 2.7Profit: 6.5Value: 7.0Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AMTUndervalued (+17.6%)

Margin of Safety

+17.6%

Fair Value

$219.10

Current Price

$182.71

$36.39 discount

UndervaluedFair: $219.10Overvalued
TRTXUndervalued (+23.0%)

Margin of Safety

+23.0%

Fair Value

$11.69

Current Price

$8.46

$3.23 discount

UndervaluedFair: $11.69Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AMT5 strengths · Avg: 9.4/10
Operating MarginProfitability
45.3%10/10

Strong operational efficiency at 45.3%

EPS GrowthGrowth
76.9%10/10

Earnings expanding 76.9% YoY

Market CapQuality
$85.12B9/10

Large-cap with strong market position

Return on EquityProfitability
29.9%9/10

Every $100 of equity generates 30 in profit

Profit MarginProfitability
26.8%9/10

Keeps 27 of every $100 in revenue as profit

TRTX3 strengths · Avg: 9.3/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Profit MarginProfitability
45.6%10/10

Keeps 46 of every $100 in revenue as profit

P/E RatioValuation
14.8x8/10

Attractively priced relative to earnings

Areas to Watch

AMT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.974/10

Expensive relative to growth rate

P/E RatioValuation
29.5x4/10

Moderate valuation

Price/BookValuation
24.2x2/10

Trading at 24.2x book value

Altman Z-ScoreHealth
0.332/10

Distress zone — elevated risk

TRTX4 concerns · Avg: 2.5/10
Market CapQuality
$661.31M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.5%3/10

ROE of 5.5% — below average capital efficiency

Revenue GrowthGrowth
-21.1%2/10

Revenue declined 21.1%

EPS GrowthGrowth
-97.2%2/10

Earnings declined 97.2%

Comparative Analysis Report

WallStSmart Research

Bull Case : AMT

The strongest argument for AMT centers on Operating Margin, EPS Growth, Market Cap. Profitability is solid with margins at 26.8% and operating margin at 45.3%.

Bull Case : TRTX

The strongest argument for TRTX centers on Price/Book, Profit Margin, P/E Ratio. Profitability is solid with margins at 45.6% and operating margin at 17.1%.

Bear Case : AMT

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

Bear Case : TRTX

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

Key Dynamics to Monitor

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

TRTX carries more volatility with a beta of 1.55 — expect wider price swings.

AMT is growing revenue faster at 6.8% — sustainability is the question.

AMT generates stronger free cash flow (951M), providing more financial flexibility.

Bottom Line

AMT scores higher overall (72/100 vs 48/100), backed by strong 26.8% margins. TRTX offers better value entry with a 23.0% margin of safety. 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.

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.

TPG RE Finance Trust Inc

REAL ESTATE · REIT - MORTGAGE · USA

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company is headquartered in New York, New York.

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