COMP <GO>

PEB vs NTST // EV/EBITDA & P/E VALUATION

Pebblebrook Hotel Trust of (NYSE) VS. NetSTREIT Corp. (NYSE) • 15-METRIC TALLY: PEB 3 — NTST 2

■ METRIC PARITY

LAST: $21.72 (+1.16%) • MKT CAP: $2.45B

valuation

51.8x

LAST: $17.57 (+2.39%) • MKT CAP: $2.21B

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (PEB VS. NTST) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	PEB	NTST	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	1.50%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	51.8x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	10.19%	4.96%	+5.23	PEB	/fcf-yield <GO>
Operating Margin	3.00%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	-4.50%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	1.50%	19.80%	-18.30	NTST	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.19%	3.18%	-2.99	NTST	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	3/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	70.4	48.0	+22.39	PEB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.45B	$2.21B	$243.6M	PEB	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	PEB REV	NTST REV	PEB GROSS %	NTST GROSS %	PEB FCF	NTST FCF
FY 2025	$1.48B	$195.0M	—	—	$249.7M	$109.5M
FY 2024	$1.45B	$162.8M	—	—	$275.0M	$90.2M
FY 2023	$1.42B	$131.9M	—	—	$236.2M	$80.2M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

PEB // BETA —

NTST // BETA —