WallStSmart

Franklin BSP Realty Trust Inc (FBRT)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 899% more annual revenue ($2.82B vs $281.92M). SBAC leads profitability with a 37.4% profit margin vs 29.2%. 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

SBAC

Buy

54

out of 100

Grade: C-

Growth: 6.0Profit: 8.0Value: 4.7Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
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
SBACUndervalued (+12.1%)

Margin of Safety

+12.1%

Fair Value

$217.30

Current Price

$221.20

$3.90 discount

UndervaluedFair: $217.30Overvalued

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

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
37.4%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

EPS GrowthGrowth
115.6%10/10

Earnings expanding 115.6% YoY

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

SBAC4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
3.7%4/10

3.7% revenue growth

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
4.892/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

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 : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 37.4% and operating margin at 52.4%.

Bear Case : FBRT

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

Bear Case : SBAC

The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

FBRT profiles as a growth stock while SBAC is a value play — different risk/reward profiles.

FBRT 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.

SBAC generates stronger free cash flow (241M), providing more financial flexibility.

Bottom Line

FBRT scores higher overall (63/100 vs 54/100), 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.

SBA Communications Corp

REAL ESTATE · REIT - SPECIALTY · USA

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.

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