Orion Office Reit Inc (ONL)vsSBA Communications Corp (SBAC)
ONL
Orion Office Reit Inc
$2.89
-2.37%
REAL ESTATE · Cap: $163.10M
SBAC
SBA Communications Corp
$176.46
+0.08%
REAL ESTATE · Cap: $19.67B
Smart Verdict
WallStSmart Research — data-driven comparison
SBA Communications Corp generates 2025% more annual revenue ($2.85B vs $134.34M). SBAC leads profitability with a 35.7% profit margin vs -106.8%. SBAC earns a higher WallStSmart Score of 49/100 (D+).
ONL
Avoid35
out of 100
Grade: F
SBAC
Hold49
out of 100
Grade: D+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+13.9%
Fair Value
$3.01
Current Price
$2.89
$0.12 discount
Margin of Safety
+0.7%
Fair Value
$192.34
Current Price
$176.46
$15.88 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Keeps 36 of every $100 in revenue as profit
Strong operational efficiency at 52.4%
Conservative balance sheet, low leverage
Areas to Watch
0.0% earnings growth
Smaller company, higher risk/reward
Weak financial health signals
ROE of -23.6% — below average capital efficiency
ROE of 0.0% — below average capital efficiency
Expensive relative to growth rate
Earnings declined 14.7%
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : ONL
The strongest argument for ONL centers on Price/Book.
Bull Case : SBAC
The strongest argument for SBAC centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 35.7% and operating margin at 52.4%.
Bear Case : ONL
The primary concerns for ONL are EPS Growth, Market Cap, Piotroski F-Score.
Bear Case : SBAC
The primary concerns for SBAC are Return on Equity, PEG Ratio, EPS Growth.
Key Dynamics to Monitor
ONL profiles as a turnaround stock while SBAC is a mature play — different risk/reward profiles.
ONL carries more volatility with a beta of 1.59 — expect wider price swings.
SBAC is growing revenue faster at 5.9% — sustainability is the question.
SBAC generates stronger free cash flow (207M), providing more financial flexibility.
Bottom Line
SBAC scores higher overall (49/100 vs 35/100), backed by strong 35.7% margins. Both earn "Hold" 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.
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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