SBA Communications Corp (SBAC)vsTPG RE Finance Trust Inc (TRTX)
SBAC
SBA Communications Corp
$221.20
+2.42%
REAL ESTATE · Cap: $22.91B
TRTX
TPG RE Finance Trust Inc
$8.46
+1.81%
REAL ESTATE · Cap: $661.31M
Smart Verdict
WallStSmart Research — data-driven comparison
SBA Communications Corp generates 2029% more annual revenue ($2.82B vs $132.24M). TRTX leads profitability with a 45.6% profit margin vs 37.4%. TRTX trades at a lower P/E of 14.8x. SBAC earns a higher WallStSmart Score of 54/100 (C-).
SBAC
Buy54
out of 100
Grade: C-
TRTX
Hold48
out of 100
Grade: D+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+12.1%
Fair Value
$217.30
Current Price
$221.20
$3.90 discount
Margin of Safety
+23.0%
Fair Value
$11.69
Current Price
$8.46
$3.23 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 37 of every $100 in revenue as profit
Strong operational efficiency at 52.4%
Earnings expanding 115.6% YoY
Reasonable price relative to book value
Keeps 46 of every $100 in revenue as profit
Attractively priced relative to earnings
Areas to Watch
3.7% revenue growth
ROE of 0.0% — below average capital efficiency
Expensive relative to growth rate
Distress zone — elevated risk
Smaller company, higher risk/reward
ROE of 5.5% — below average capital efficiency
Revenue declined 21.1%
Earnings declined 97.2%
Comparative Analysis Report
WallStSmart ResearchBull 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%.
Bull Case : TRTX
The strongest argument for TRTX centers on Price/Book, Profit Margin, P/E Ratio. Profitability is solid with margins at 45.6% and operating margin at 17.1%.
Bear Case : SBAC
The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.
Bear Case : TRTX
The primary concerns for TRTX are Market Cap, Return on Equity, Revenue Growth.
Key Dynamics to Monitor
SBAC profiles as a value stock while TRTX is a declining play — different risk/reward profiles.
TRTX carries more volatility with a beta of 1.55 — expect wider price swings.
SBAC is growing revenue faster at 3.7% — sustainability is the question.
SBAC generates stronger free cash flow (241M), providing more financial flexibility.
Bottom Line
SBAC scores higher overall (54/100 vs 48/100), backed by strong 37.4% margins. TRTX offers better value entry with a 23.0% margin of safety. Both earn "Buy" and "Hold" 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.
TPG RE Finance Trust Inc
REAL ESTATE · REIT - MORTGAGE · USA
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company is headquartered in New York, New York.
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