Federal Realty Investment Trust (FRT)vsNational Retail Properties Inc (NNN)
FRT
Federal Realty Investment Trust
$103.27
+0.15%
REAL ESTATE · Cap: $8.95B
NNN
National Retail Properties Inc
$41.99
-0.87%
REAL ESTATE · Cap: $8.05B
Smart Verdict
WallStSmart Research — data-driven comparison
Federal Realty Investment Trust generates 38% more annual revenue ($1.28B vs $926.21M). NNN leads profitability with a 42.1% profit margin vs 32.1%. FRT appears more attractively valued with a PEG of 3.65. FRT earns a higher WallStSmart Score of 66/100 (B-).
FRT
Strong Buy66
out of 100
Grade: B-
NNN
Buy54
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+51.2%
Fair Value
$219.02
Current Price
$103.27
$115.75 discount
Margin of Safety
-206.0%
Fair Value
$14.08
Current Price
$41.99
$27.91 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 32 of every $100 in revenue as profit
Strong operational efficiency at 34.5%
Earnings expanding 98.7% YoY
Reasonable price relative to book value
Keeps 42 of every $100 in revenue as profit
Strong operational efficiency at 62.2%
Reasonable price relative to book value
Areas to Watch
Expensive relative to growth rate
Distress zone — elevated risk
Weak financial health signals
Expensive relative to growth rate
Earnings declined 2.2%
Negative free cash flow — burning cash
Comparative Analysis Report
WallStSmart ResearchBull Case : FRT
The strongest argument for FRT centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 32.1% and operating margin at 34.5%.
Bull Case : NNN
The strongest argument for NNN centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 42.1% and operating margin at 62.2%.
Bear Case : FRT
The primary concerns for FRT are PEG Ratio, Altman Z-Score.
Bear Case : NNN
The primary concerns for NNN are Piotroski F-Score, PEG Ratio, EPS Growth.
Key Dynamics to Monitor
FRT carries more volatility with a beta of 1.01 — expect wider price swings.
NNN is growing revenue faster at 9.1% — sustainability is the question.
FRT generates stronger free cash flow (51M), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
FRT scores higher overall (66/100 vs 54/100), backed by strong 32.1% margins. Both earn "Strong 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.
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.
National Retail Properties Inc
REAL ESTATE · REIT - RETAIL · USA
National Retail Properties invests primarily in high-quality retail properties generally subject to long-term net leases.
Compare with Other REIT - RETAIL Stocks
Want to dig deeper into these stocks?