WallStSmart

Empire State Realty Trust Inc (ESRT)vsGlobal Net Lease, Inc. (GNL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Empire State Realty Trust Inc generates 66% more annual revenue ($782.82M vs $472.16M). ESRT leads profitability with a 0.9% profit margin vs -8.7%. GNL earns a higher WallStSmart Score of 49/100 (D+).

ESRT

Hold

47

out of 100

Grade: D+

Growth: 3.3Profit: 5.0Value: 4.7Quality: 3.0
Piotroski: 3/9Altman Z: 0.74

GNL

Hold

49

out of 100

Grade: D+

Growth: 6.0Profit: 4.5Value: 6.7Quality: 4.0
Piotroski: 4/9Altman Z: -0.31
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ESRTUndervalued (+52.0%)

Margin of Safety

+52.0%

Fair Value

$13.28

Current Price

$4.94

$8.34 discount

UndervaluedFair: $13.28Overvalued
GNLUndervalued (+30.1%)

Margin of Safety

+30.1%

Fair Value

$14.14

Current Price

$8.57

$5.57 discount

UndervaluedFair: $14.14Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ESRT1 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

GNL3 strengths · Avg: 10.0/10
Price/BookValuation
1.2x10/10

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

ESRT4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
3.2%4/10

3.2% revenue growth

Market CapQuality
$1.55B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
3.8%3/10

ROE of 3.8% — below average capital efficiency

Profit MarginProfitability
0.9%3/10

0.9% margin — thin

GNL4 concerns · Avg: 2.5/10
Market CapQuality
$1.84B3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.603/10

Elevated debt levels

Return on EquityProfitability
-2.6%2/10

ROE of -2.6% — below average capital efficiency

Revenue GrowthGrowth
-17.5%2/10

Revenue declined 17.5%

Comparative Analysis Report

WallStSmart Research

Bull Case : ESRT

The strongest argument for ESRT centers on Price/Book.

Bull Case : GNL

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

Bear Case : ESRT

The primary concerns for ESRT are Revenue Growth, Market Cap, Return on Equity. A P/E of 253.0x leaves little room for execution misses. Debt-to-equity of 2.21 is elevated, increasing financial risk.

Bear Case : GNL

The primary concerns for GNL are Market Cap, Debt/Equity, Return on Equity. Debt-to-equity of 1.60 is elevated, increasing financial risk.

Key Dynamics to Monitor

ESRT profiles as a value stock while GNL is a turnaround play — different risk/reward profiles.

ESRT carries more volatility with a beta of 1.36 — expect wider price swings.

ESRT is growing revenue faster at 3.2% — sustainability is the question.

ESRT generates stronger free cash flow (51M), providing more financial flexibility.

Bottom Line

GNL scores higher overall (49/100 vs 47/100). ESRT offers better value entry with a 52.0% margin of safety. Both earn "Hold" 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.

Empire State Realty Trust Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

Empire State Realty Trust, Inc. (NYSE: ESRT), a major real estate investment trust (REIT), owns, manages, operates, acquires and repositions offices and retail properties in Manhattan and the New York metropolitan area, including the Empire State Building, the?

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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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