WallStSmart

Federal Realty Investment Trust (FRT)vsMacerich Company (MAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 30% more annual revenue ($1.34B vs $1.03B). FRT leads profitability with a 32.7% profit margin vs -16.5%. FRT appears more attractively valued with a PEG of 3.65. FRT earns a higher WallStSmart Score of 55/100 (C).

FRT

Buy

55

out of 100

Grade: C

Growth: 4.7Profit: 8.5Value: 6.0Quality: 3.5
Piotroski: 2/9Altman Z: 0.54

MAC

Hold

45

out of 100

Grade: D+

Growth: 6.7Profit: 4.0Value: 3.7Quality: 3.0
Piotroski: 2/9Altman Z: -0.39
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FRTUndervalued (+35.8%)

Margin of Safety

+35.8%

Fair Value

$166.65

Current Price

$114.36

$52.29 discount

UndervaluedFair: $166.65Overvalued
MACFair Value (-3.1%)

Margin of Safety

-3.1%

Fair Value

$22.33

Current Price

$22.61

$0.28 premium

UndervaluedFair: $22.33Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FRT2 strengths · Avg: 10.0/10
Profit MarginProfitability
32.7%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
35.0%10/10

Strong operational efficiency at 35.0%

MAC2 strengths · Avg: 9.0/10
EPS GrowthGrowth
3971.0%10/10

Earnings expanding 3971.0% YoY

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Areas to Watch

FRT4 concerns · Avg: 2.5/10
Debt/EquityHealth
1.443/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
3.652/10

Expensive relative to growth rate

EPS GrowthGrowth
-45.6%2/10

Earnings declined 45.6%

MAC4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
1.2%4/10

1.2% revenue growth

Debt/EquityHealth
1.713/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
4.802/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FRT

The strongest argument for FRT centers on Profit Margin, Operating Margin. Profitability is solid with margins at 32.7% and operating margin at 35.0%.

Bull Case : MAC

The strongest argument for MAC centers on EPS Growth, Price/Book.

Bear Case : FRT

The primary concerns for FRT are Debt/Equity, Piotroski F-Score, PEG Ratio.

Bear Case : MAC

The primary concerns for MAC are Revenue Growth, Debt/Equity, Piotroski F-Score. Debt-to-equity of 1.71 is elevated, increasing financial risk.

Key Dynamics to Monitor

FRT profiles as a mature stock while MAC is a turnaround play — different risk/reward profiles.

MAC carries more volatility with a beta of 2.06 — expect wider price swings.

FRT is growing revenue faster at 7.2% — sustainability is the question.

FRT generates stronger free cash flow (118M), providing more financial flexibility.

Bottom Line

FRT scores higher overall (55/100 vs 45/100), backed by strong 32.7% margins. 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.

Federal Realty Investment Trust

REAL ESTATE · REIT - RETAIL · USA

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

Macerich Company

REAL ESTATE · REIT - RETAIL · USA

The Macerich Company (MAC) is a leading real estate investment trust (REIT) focused on acquiring, leasing, and managing a high-quality portfolio of retail properties in prime markets across the United States. Renowned for its upscale shopping centers and mixed-use developments, Macerich prioritizes tenant performance and exceptional customer experiences to adapt to the evolving retail landscape. With a strong emphasis on sustainability and operational efficiency, the company is well-positioned to achieve long-term growth and value creation for its shareholders.

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