WallStSmart

Franklin BSP Realty Trust Inc (FBRT)vsIron Mountain Incorporated (IRM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 2348% more annual revenue ($6.90B vs $281.92M). FBRT leads profitability with a 29.2% profit margin vs 2.1%. FBRT trades at a lower P/E of 14.3x. FBRT earns a higher WallStSmart Score of 63/100 (C+).

FBRT

Buy

63

out of 100

Grade: C+

Growth: 6.7Profit: 7.0Value: 7.7Quality: 5.0

IRM

Buy

52

out of 100

Grade: C-

Growth: 6.0Profit: 7.0Value: 2.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.12
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FBRTUndervalued (+44.9%)

Margin of Safety

+44.9%

Fair Value

$18.41

Current Price

$8.97

$9.44 discount

UndervaluedFair: $18.41Overvalued
IRMOvervalued (-10.8%)

Margin of Safety

-10.8%

Fair Value

$90.41

Current Price

$125.99

$35.58 premium

UndervaluedFair: $90.41Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FBRT5 strengths · Avg: 9.4/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Operating MarginProfitability
47.2%10/10

Strong operational efficiency at 47.2%

Revenue GrowthGrowth
49.8%10/10

Revenue surging 49.8% year-over-year

Profit MarginProfitability
29.2%9/10

Keeps 29 of every $100 in revenue as profit

P/E RatioValuation
14.3x8/10

Attractively priced relative to earnings

IRM3 strengths · Avg: 8.7/10
Return on EquityProfitability
225.1%10/10

Every $100 of equity generates 225 in profit

Operating MarginProfitability
22.0%8/10

Strong operational efficiency at 22.0%

Revenue GrowthGrowth
16.6%8/10

16.6% revenue growth

Areas to Watch

FBRT4 concerns · Avg: 2.5/10
Market CapQuality
$703.44M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.2%3/10

ROE of 5.2% — below average capital efficiency

EPS GrowthGrowth
-55.0%2/10

Earnings declined 55.0%

Free Cash FlowQuality
$-54.01M2/10

Negative free cash flow — burning cash

IRM4 concerns · Avg: 2.5/10
Profit MarginProfitability
2.1%3/10

2.1% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
2.702/10

Expensive relative to growth rate

P/E RatioValuation
229.0x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : FBRT

The strongest argument for FBRT centers on Price/Book, Operating Margin, Revenue Growth. Profitability is solid with margins at 29.2% and operating margin at 47.2%. Revenue growth of 49.8% demonstrates continued momentum.

Bull Case : IRM

The strongest argument for IRM centers on Return on Equity, Operating Margin, Revenue Growth. Revenue growth of 16.6% demonstrates continued momentum.

Bear Case : FBRT

The primary concerns for FBRT are Market Cap, Return on Equity, EPS Growth.

Bear Case : IRM

The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 229.0x leaves little room for execution misses. Thin 2.1% margins leave little buffer for downturns.

Key Dynamics to Monitor

IRM carries more volatility with a beta of 1.15 — expect wider price swings.

FBRT is growing revenue faster at 49.8% — sustainability is the question.

IRM generates stronger free cash flow (-16M), providing more financial flexibility.

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

Bottom Line

FBRT scores higher overall (63/100 vs 52/100), backed by strong 29.2% margins and 49.8% 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.

Franklin BSP Realty Trust Inc

REAL ESTATE · REIT - MORTGAGE · USA

Franklin BSP Realty Trust, Inc. is a real estate investment trust that originates, acquires and manages a portfolio of commercial real estate debt investments secured by properties located in the United States and internationally. The company is headquartered in New York, New York.

Iron Mountain Incorporated

REAL ESTATE · REIT - SPECIALTY · USA

Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.

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