Federal Realty Investment Trust (FRT)vsTanger Factory Outlet Centers Inc (SKT)
FRT
Federal Realty Investment Trust
$121.72
+1.45%
REAL ESTATE · Cap: $10.94B
SKT
Tanger Factory Outlet Centers Inc
$40.03
+2.01%
REAL ESTATE · Cap: $4.65B
Smart Verdict
WallStSmart Research — data-driven comparison
Federal Realty Investment Trust generates 115% more annual revenue ($1.31B vs $611.24M). FRT leads profitability with a 38.6% profit margin vs 20.3%. FRT appears more attractively valued with a PEG of 3.65. SKT earns a higher WallStSmart Score of 65/100 (B-).
FRT
Buy65
out of 100
Grade: C+
SKT
Strong Buy65
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+35.4%
Fair Value
$165.65
Current Price
$121.72
$43.93 discount
Margin of Safety
+35.5%
Fair Value
$52.44
Current Price
$40.02
$12.41 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 39 of every $100 in revenue as profit
Strong operational efficiency at 34.1%
Earnings expanding 152.5% YoY
Strong operational efficiency at 30.3%
Keeps 20 of every $100 in revenue as profit
Earnings expanding 42.0% YoY
Areas to Watch
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
Distress zone — elevated risk
Premium valuation, high expectations priced in
Weak financial health signals
Expensive relative to growth rate
Distress zone — elevated risk
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 38.6% and operating margin at 34.1%. Revenue growth of 10.3% demonstrates continued momentum.
Bull Case : SKT
The strongest argument for SKT centers on Operating Margin, Profit Margin, EPS Growth. Profitability is solid with margins at 20.3% and operating margin at 30.3%. Revenue growth of 11.7% demonstrates continued momentum.
Bear Case : FRT
The primary concerns for FRT are Debt/Equity, Piotroski F-Score, PEG Ratio.
Bear Case : SKT
The primary concerns for SKT are P/E Ratio, Piotroski F-Score, PEG Ratio. Debt-to-equity of 2.92 is elevated, increasing financial risk.
Key Dynamics to Monitor
SKT carries more volatility with a beta of 1.09 — expect wider price swings.
SKT is growing revenue faster at 11.7% — sustainability is the question.
FRT generates stronger free cash flow (121M), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
FRT scores higher overall (65/100 vs 65/100), backed by strong 38.6% margins and 10.3% revenue growth. SKT offers better value entry with a 35.5% margin of safety. Both earn "Buy" and "Strong 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.
Tanger Factory Outlet Centers Inc
REAL ESTATE · REIT - RETAIL · USA
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.
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