WallStSmart

CTO Realty Growth Inc (CTO)vsGlobal Net Lease, Inc. (GNL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Global Net Lease, Inc. generates 185% more annual revenue ($459.73M vs $161.10M). CTO leads profitability with a 32.6% profit margin vs -2.9%. CTO earns a higher WallStSmart Score of 62/100 (C+).

CTO

Buy

62

out of 100

Grade: C+

Growth: 9.3Profit: 7.0Value: 7.7Quality: 5.5
Piotroski: 4/9Altman Z: 1.08

GNL

Hold

48

out of 100

Grade: D+

Growth: 6.0Profit: 4.5Value: 6.0Quality: 3.5
Piotroski: 4/9Altman Z: -0.31
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CTOUndervalued (+87.2%)

Margin of Safety

+87.2%

Fair Value

$144.13

Current Price

$20.71

$123.42 discount

UndervaluedFair: $144.13Overvalued
GNLUndervalued (+20.6%)

Margin of Safety

+20.6%

Fair Value

$12.44

Current Price

$9.05

$3.39 discount

UndervaluedFair: $12.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CTO6 strengths · Avg: 9.0/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Profit MarginProfitability
32.6%10/10

Keeps 33 of every $100 in revenue as profit

EPS GrowthGrowth
1200.0%10/10

Earnings expanding 1200.0% YoY

P/E RatioValuation
15.0x8/10

Attractively priced relative to earnings

Operating MarginProfitability
25.4%8/10

Strong operational efficiency at 25.4%

Revenue GrowthGrowth
16.5%8/10

16.5% revenue growth

GNL3 strengths · Avg: 10.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

EPS GrowthGrowth
333.0%10/10

Earnings expanding 333.0% YoY

Areas to Watch

CTO4 concerns · Avg: 2.8/10
Market CapQuality
$776.32M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
7.9%3/10

ROE of 7.9% — below average capital efficiency

Debt/EquityHealth
1.043/10

Elevated debt levels

Free Cash FlowQuality
$-32.78M2/10

Negative free cash flow — burning cash

GNL4 concerns · Avg: 2.3/10
Debt/EquityHealth
1.633/10

Elevated debt levels

Return on EquityProfitability
-2.6%2/10

ROE of -2.6% — below average capital efficiency

Revenue GrowthGrowth
-10.0%2/10

Revenue declined 10.0%

Altman Z-ScoreHealth
-0.312/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : CTO

The strongest argument for CTO centers on Price/Book, Profit Margin, EPS Growth. Profitability is solid with margins at 32.6% and operating margin at 25.4%. Revenue growth of 16.5% demonstrates continued momentum.

Bull Case : GNL

The strongest argument for GNL centers on Price/Book, Operating Margin, EPS Growth.

Bear Case : CTO

The primary concerns for CTO are Market Cap, Return on Equity, Debt/Equity.

Bear Case : GNL

The primary concerns for GNL are Debt/Equity, Return on Equity, Revenue Growth. Debt-to-equity of 1.63 is elevated, increasing financial risk.

Key Dynamics to Monitor

CTO profiles as a growth stock while GNL is a turnaround play — different risk/reward profiles.

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

CTO is growing revenue faster at 16.5% — sustainability is the question.

GNL generates stronger free cash flow (65M), providing more financial flexibility.

Bottom Line

CTO scores higher overall (62/100 vs 48/100), backed by strong 32.6% margins and 16.5% revenue growth. GNL offers better value entry with a 20.6% margin of safety. 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.

CTO Realty Growth Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company owning approximately 2 income properties.

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Global Net Lease, Inc.

REAL ESTATE · REIT - DIVERSIFIED · USA

Global Net Lease, Inc. (GNL) is a prominent real estate investment trust (REIT) dedicated to the acquisition and management of a diversified portfolio of commercial properties under long-term net lease agreements, primarily to high-quality tenants. The company emphasizes reliability and risk-adjusted returns, operating across multiple sectors and geographies to enhance income stability and capitalize on capital appreciation opportunities. With a proficient management team boasting deep industry expertise, GNL is strategically positioned to adapt to market dynamics, making it an attractive investment option for institutional investors seeking consistent, sustainable income streams coupled with growth potential.

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