WallStSmart

Crown Castle (CCI)vsGranite Real Estate Investment Trust (GRTUF)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Crown Castle generates 582% more annual revenue ($4.21B vs $617.89M). GRTUF leads profitability with a 55.4% profit margin vs 25.1%. GRTUF trades at a lower P/E of 16.1x. GRTUF earns a higher WallStSmart Score of 67/100 (B-).

CCI

Buy

51

out of 100

Grade: C-

Growth: 3.3Profit: 7.0Value: 4.7Quality: 4.5
Piotroski: 3/9Altman Z: -0.67

GRTUF

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 6.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CCIOvervalued (-13.3%)

Margin of Safety

-13.3%

Fair Value

$75.96

Current Price

$88.78

$12.82 premium

UndervaluedFair: $75.96Overvalued
GRTUFUndervalued (+7.7%)

Margin of Safety

+7.7%

Fair Value

$69.84

Current Price

$67.50

$2.34 discount

UndervaluedFair: $69.84Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CCI3 strengths · Avg: 9.7/10
Operating MarginProfitability
47.7%10/10

Strong operational efficiency at 47.7%

Debt/EquityHealth
-18.0810/10

Conservative balance sheet, low leverage

Profit MarginProfitability
25.1%9/10

Keeps 25 of every $100 in revenue as profit

GRTUF5 strengths · Avg: 9.6/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
55.4%10/10

Keeps 55 of every $100 in revenue as profit

Operating MarginProfitability
74.0%10/10

Strong operational efficiency at 74.0%

EPS GrowthGrowth
67.4%10/10

Earnings expanding 67.4% YoY

P/E RatioValuation
16.1x8/10

Attractively priced relative to earnings

Areas to Watch

CCI4 concerns · Avg: 2.8/10
P/E RatioValuation
36.2x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-206.7%2/10

ROE of -206.7% — below average capital efficiency

Revenue GrowthGrowth
-4.8%2/10

Revenue declined 4.8%

GRTUF1 concerns · Avg: 3.0/10
Return on EquityProfitability
6.1%3/10

ROE of 6.1% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : CCI

The strongest argument for CCI centers on Operating Margin, Debt/Equity, Profit Margin. Profitability is solid with margins at 25.1% and operating margin at 47.7%. PEG of 1.42 suggests the stock is reasonably priced for its growth.

Bull Case : GRTUF

The strongest argument for GRTUF centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 55.4% and operating margin at 74.0%.

Bear Case : CCI

The primary concerns for CCI are P/E Ratio, Piotroski F-Score, Return on Equity.

Bear Case : GRTUF

The primary concerns for GRTUF are Return on Equity.

Key Dynamics to Monitor

CCI profiles as a declining stock while GRTUF is a mature play — different risk/reward profiles.

GRTUF is growing revenue faster at 9.3% — sustainability is the question.

CCI generates stronger free cash flow (452M), providing more financial flexibility.

Monitor REIT - SPECIALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

GRTUF scores higher overall (67/100 vs 51/100), backed by strong 55.4% 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.

Crown Castle

REAL ESTATE · REIT - SPECIALTY · USA

Crown Castle is a real estate investment trust and provider of shared communications infrastructure in the United States. Its network includes over 40,000 cell towers and nearly 80,000 route miles of fiber supporting small cells and fiber solutions. Headquartered in Houston, Texas, the company has 100 offices nationwide.

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Granite Real Estate Investment Trust

REAL ESTATE · REIT - INDUSTRIAL · USA

Granite is a Canadian-based real estate investment trust (REIT) focused on acquiring, the development, ownership and management of buildings, mainly logistics facilities, warehouses and industrial buildings in North America and Europe.

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