CTO Realty Growth, Inc. (CTO) vs Global Net Lease, Inc. (GNL)

CTO Realty Growth, Inc. and Global Net Lease, Inc. are both Reit Diversified companies. Global Net Lease, Inc. is the larger, with a market value of $2.0B against $758.0M — 2.6× the size. Global Net Lease, Inc. has negative trailing earnings, so its P/E is not meaningful; CTO Realty Growth, Inc. trades at 15.2×. CTO Realty Growth, Inc. grew revenue faster over the last twelve months: 14.3% against −13.9%. CTO Realty Growth, Inc. has the higher net margin (28.0% vs −12.5%) and the lower return on invested capital (3.05% vs 4.14%). Both pay a dividend; Global Net Lease, Inc. yields more (19.0% vs 9.30%). Across the 22 metrics below, Global Net Lease, Inc. leads on 13 and CTO Realty Growth, Inc. on 9.

Valuation

Metric CTO GNL Reit Diversified median
P/E 15.24 n/m 23.72
P/S 4.50 3.93 3.28
P/B 1.09 1.20 0.87
Price to free cash flow 97.77 8.98 9.21
EV/EBITDA 10.81 7.52 11.57
EV/Sales 8.32 6.64 6.64
Earnings yield 6.56% (3.27%) 1.04%
Free cash flow yield 1.02% 11.13% 0.16%

Profitability

Metric CTO GNL Reit Diversified median
Gross margin 75.08% 88.78% 77.09%
Operating margin 38.71% 39.64% 33.33%
Net margin 27.97% (12.46%) 2.62%
Free cash flow margin 9.87% 43.76% 3.11%
Return on equity 7.28% (3.43%) 3.13%
Return on assets 3.41% (1.27%) 0.35%
Return on invested capital 3.05% 4.14% 2.80%

Growth

Metric CTO GNL Reit Diversified median
Revenue growth (TTM) 14.26% (13.87%) 5.49%
EPS growth (last fiscal year) 122.86% (59.21%) —
Revenue growth, 5-year CAGR 21.54% 8.45% 4.83%
Net income growth, 5-year CAGR (49.49%) 0.00% 0.00%

Health

Metric CTO GNL Reit Diversified median
Debt to equity 0.99 0.94 1.13
Current ratio 8.69 0.16 1.47
Net debt to EBITDA 6.10 0.32 5.88

Dividend

Metric CTO GNL Reit Diversified median
Dividend yield 9.30% 19.04% 7.13%
Payout ratio 7.48 — 1.37

Size

Metric CTO GNL Reit Diversified median
Market cap 757.96m 2.00b 729.58m

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