WallStSmart

Essential Properties Realty Trust Inc (EPRT)vsSimon Property Group Inc (SPG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Simon Property Group Inc generates 1028% more annual revenue ($6.94B vs $615.49M). SPG leads profitability with a 66.6% profit margin vs 43.5%. SPG trades at a lower P/E of 14.5x. EPRT earns a higher WallStSmart Score of 58/100 (C).

EPRT

Buy

58

out of 100

Grade: C

Growth: 8.0Profit: 7.5Value: 6.3Quality: 6.0
Piotroski: 3/9Altman Z: 1.28

SPG

Buy

57

out of 100

Grade: C

Growth: 5.3Profit: 9.0Value: 4.0Quality: 3.5
Piotroski: 4/9Altman Z: 0.36
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EPRTUndervalued (+28.7%)

Margin of Safety

+28.7%

Fair Value

$44.25

Current Price

$28.79

$15.46 discount

UndervaluedFair: $44.25Overvalued
SPGSignificantly Overvalued (-20.8%)

Margin of Safety

-20.8%

Fair Value

$161.26

Current Price

$204.83

$43.57 premium

UndervaluedFair: $161.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EPRT4 strengths · Avg: 9.5/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
43.5%10/10

Keeps 44 of every $100 in revenue as profit

Operating MarginProfitability
62.5%10/10

Strong operational efficiency at 62.5%

Revenue GrowthGrowth
18.1%8/10

18.1% revenue growth

SPG6 strengths · Avg: 9.2/10
Return on EquityProfitability
107.1%10/10

Every $100 of equity generates 107 in profit

Profit MarginProfitability
66.6%10/10

Keeps 67 of every $100 in revenue as profit

Operating MarginProfitability
46.0%10/10

Strong operational efficiency at 46.0%

Market CapQuality
$77.76B9/10

Large-cap with strong market position

P/E RatioValuation
14.5x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
19.5%8/10

19.5% revenue growth

Areas to Watch

EPRT4 concerns · Avg: 2.5/10
Return on EquityProfitability
5.8%3/10

ROE of 5.8% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-200.80M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
1.282/10

Distress zone — elevated risk

SPG4 concerns · Avg: 2.5/10
Price/BookValuation
15.1x4/10

Trading at 15.1x book value

PEG RatioValuation
8.742/10

Expensive relative to growth rate

EPS GrowthGrowth
-12.5%2/10

Earnings declined 12.5%

Altman Z-ScoreHealth
0.362/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : EPRT

The strongest argument for EPRT centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 43.5% and operating margin at 62.5%. Revenue growth of 18.1% demonstrates continued momentum.

Bull Case : SPG

The strongest argument for SPG centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 66.6% and operating margin at 46.0%. Revenue growth of 19.5% demonstrates continued momentum.

Bear Case : EPRT

The primary concerns for EPRT are Return on Equity, Piotroski F-Score, Free Cash Flow.

Bear Case : SPG

The primary concerns for SPG are Price/Book, PEG Ratio, EPS Growth. Debt-to-equity of 6.64 is elevated, increasing financial risk.

Key Dynamics to Monitor

SPG carries more volatility with a beta of 1.31 — expect wider price swings.

SPG is growing revenue faster at 19.5% — sustainability is the question.

SPG generates stronger free cash flow (959M), providing more financial flexibility.

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

Bottom Line

EPRT scores higher overall (58/100 vs 57/100), backed by strong 43.5% margins and 18.1% revenue growth. Both earn "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.

Essential Properties Realty Trust Inc

REAL ESTATE · REIT - RETAIL · USA

Essential Properties Realty Trust, Inc., a real estate company, acquires, owns and manages single-tenant properties in the United States. The company is headquartered in Princeton, New Jersey.

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Simon Property Group Inc

REAL ESTATE · REIT - RETAIL · USA

Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

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