WallStSmart

New England Realty Associates LP (NEN)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 3005% more annual revenue ($2.82B vs $90.67M). SBAC leads profitability with a 37.4% profit margin vs 6.7%. SBAC trades at a lower P/E of 22.0x. SBAC earns a higher WallStSmart Score of 54/100 (C-).

NEN

Avoid

33

out of 100

Grade: F

Growth: 6.0Profit: 5.5Value: 6.3Quality: 5.0

SBAC

Buy

54

out of 100

Grade: C-

Growth: 6.0Profit: 8.0Value: 4.7Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NENUndervalued (+70.5%)

Margin of Safety

+70.5%

Fair Value

$220.43

Current Price

$61.99

$158.44 discount

UndervaluedFair: $220.43Overvalued
SBACUndervalued (+12.1%)

Margin of Safety

+12.1%

Fair Value

$217.30

Current Price

$221.20

$3.90 discount

UndervaluedFair: $217.30Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NEN1 strengths · Avg: 8.0/10
Revenue GrowthGrowth
15.9%8/10

15.9% revenue growth

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
37.4%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

EPS GrowthGrowth
115.6%10/10

Earnings expanding 115.6% YoY

Areas to Watch

NEN4 concerns · Avg: 3.5/10
P/E RatioValuation
34.5x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
2.4%4/10

2.4% earnings growth

Market CapQuality
$205.73M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

SBAC4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
3.7%4/10

3.7% revenue growth

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
4.892/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NEN

The strongest argument for NEN centers on Revenue Growth. Revenue growth of 15.9% demonstrates continued momentum.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 37.4% and operating margin at 52.4%.

Bear Case : NEN

The primary concerns for NEN are P/E Ratio, EPS Growth, Market Cap.

Bear Case : SBAC

The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

NEN profiles as a growth stock while SBAC is a value play — different risk/reward profiles.

SBAC carries more volatility with a beta of 0.88 — expect wider price swings.

NEN is growing revenue faster at 15.9% — sustainability is the question.

SBAC generates stronger free cash flow (241M), providing more financial flexibility.

Bottom Line

SBAC scores higher overall (54/100 vs 33/100), backed by strong 37.4% margins. NEN offers better value entry with a 70.5% margin of safety. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

New England Realty Associates LP

REAL ESTATE · REAL ESTATE SERVICES · USA

New England Realty Associates Limited Partnership is dedicated to acquiring, developing, holding for investment, operating and selling real estate in the United States. The company is headquartered in Allston, Massachusetts.

SBA Communications Corp

REAL ESTATE · REIT - SPECIALTY · USA

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.

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