Federal Realty Investment Trust (FRT)vsTanger Factory Outlet Centers Inc (SKT)
FRT
Federal Realty Investment Trust
$103.27
+0.15%
REAL ESTATE · Cap: $8.95B
SKT
Tanger Factory Outlet Centers Inc
$33.95
-0.29%
REAL ESTATE · Cap: $3.90B
Smart Verdict
WallStSmart Research — data-driven comparison
Federal Realty Investment Trust generates 115% more annual revenue ($1.28B vs $595.14M). FRT leads profitability with a 32.1% profit margin vs 19.3%. 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-
SKT
Buy61
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
+16.4%
Fair Value
$40.47
Current Price
$33.95
$6.52 discount
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
Strong operational efficiency at 31.4%
Earnings expanding 21.3% YoY
Areas to Watch
Expensive relative to growth rate
Distress zone — elevated risk
Premium valuation, high expectations priced in
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 32.1% and operating margin at 34.5%.
Bull Case : SKT
The strongest argument for SKT centers on Operating Margin, EPS Growth. Profitability is solid with margins at 19.3% and operating margin at 31.4%. Revenue growth of 13.9% demonstrates continued momentum.
Bear Case : FRT
The primary concerns for FRT are PEG Ratio, Altman Z-Score.
Bear Case : SKT
The primary concerns for SKT are P/E Ratio, PEG Ratio, Altman Z-Score.
Key Dynamics to Monitor
SKT carries more volatility with a beta of 1.17 — expect wider price swings.
SKT is growing revenue faster at 13.9% — sustainability is the question.
SKT generates stronger free cash flow (54M), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
FRT scores higher overall (66/100 vs 61/100), backed by strong 32.1% margins. SKT offers better value entry with a 16.4% margin of safety. 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.
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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