WallStSmart

Federal Realty Investment Trust (FRT)vsNetstreit Corp (NTST)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Federal Realty Investment Trust generates 509% more annual revenue ($1.34B vs $219.16M). FRT leads profitability with a 32.7% profit margin vs 6.3%. FRT trades at a lower P/E of 23.7x. NTST earns a higher WallStSmart Score of 58/100 (C).

FRT

Buy

55

out of 100

Grade: C

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

NTST

Buy

58

out of 100

Grade: C

Growth: 9.3Profit: 5.5Value: 5.7Quality: 4.0
Piotroski: 5/9Altman Z: 0.86
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
NTSTUndervalued (+48.8%)

Margin of Safety

+48.8%

Fair Value

$37.60

Current Price

$19.64

$17.96 discount

UndervaluedFair: $37.60Overvalued

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%

NTST4 strengths · Avg: 9.5/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
39.0%10/10

Strong operational efficiency at 39.0%

EPS GrowthGrowth
52.7%10/10

Earnings expanding 52.7% YoY

Revenue GrowthGrowth
26.9%8/10

Revenue surging 26.9% year-over-year

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%

NTST4 concerns · Avg: 2.5/10
Return on EquityProfitability
0.7%3/10

ROE of 0.7% — below average capital efficiency

Profit MarginProfitability
6.3%3/10

6.3% margin — thin

P/E RatioValuation
143.1x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-205.36M2/10

Negative free cash flow — burning cash

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 : NTST

The strongest argument for NTST centers on Price/Book, Operating Margin, EPS Growth. Revenue growth of 26.9% demonstrates continued momentum.

Bear Case : FRT

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

Bear Case : NTST

The primary concerns for NTST are Return on Equity, Profit Margin, P/E Ratio. A P/E of 143.1x leaves little room for execution misses.

Key Dynamics to Monitor

FRT profiles as a mature stock while NTST is a growth play — different risk/reward profiles.

FRT carries more volatility with a beta of 0.92 — expect wider price swings.

NTST is growing revenue faster at 26.9% — sustainability is the question.

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

Bottom Line

NTST scores higher overall (58/100 vs 55/100) and 26.9% revenue growth. FRT offers better value entry with a 35.8% margin of safety. 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.

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.

Netstreit Corp

REAL ESTATE · REIT - RETAIL · USA

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single tenant net lease retail properties nationwide.

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