WallStSmart

Extra Space Storage Inc (EXR)vsFirst Industrial Realty Trust Inc (FR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Extra Space Storage Inc generates 367% more annual revenue ($3.48B vs $745.20M). FR leads profitability with a 46.0% profit margin vs 27.1%. FR appears more attractively valued with a PEG of 3.74. FR earns a higher WallStSmart Score of 66/100 (B-).

EXR

Buy

51

out of 100

Grade: C-

Growth: 4.7Profit: 7.5Value: 4.0Quality: 3.5
Piotroski: 3/9Altman Z: 0.90

FR

Strong Buy

66

out of 100

Grade: B-

Growth: 8.0Profit: 8.0Value: 3.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EXRUndervalued (+5.0%)

Margin of Safety

+5.0%

Fair Value

$149.92

Current Price

$139.75

$10.17 discount

UndervaluedFair: $149.92Overvalued
FRSignificantly Overvalued (-25.3%)

Margin of Safety

-25.3%

Fair Value

$47.41

Current Price

$61.06

$13.65 premium

UndervaluedFair: $47.41Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EXR3 strengths · Avg: 9.0/10
Operating MarginProfitability
44.0%10/10

Strong operational efficiency at 44.0%

Profit MarginProfitability
27.1%9/10

Keeps 27 of every $100 in revenue as profit

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

FR4 strengths · Avg: 9.5/10
Profit MarginProfitability
46.0%10/10

Keeps 46 of every $100 in revenue as profit

Operating MarginProfitability
35.0%10/10

Strong operational efficiency at 35.0%

EPS GrowthGrowth
199.7%10/10

Earnings expanding 199.7% YoY

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

Areas to Watch

EXR4 concerns · Avg: 3.5/10
P/E RatioValuation
31.9x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
3.8%4/10

3.8% revenue growth

Return on EquityProfitability
6.8%3/10

ROE of 6.8% — below average capital efficiency

Debt/EquityHealth
1.003/10

Elevated debt levels

FR1 concerns · Avg: 2.0/10
PEG RatioValuation
3.742/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : EXR

The strongest argument for EXR centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 27.1% and operating margin at 44.0%.

Bull Case : FR

The strongest argument for FR centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 46.0% and operating margin at 35.0%.

Bear Case : EXR

The primary concerns for EXR are P/E Ratio, Revenue Growth, Return on Equity.

Bear Case : FR

The primary concerns for FR are PEG Ratio.

Key Dynamics to Monitor

EXR profiles as a value stock while FR is a mature play — different risk/reward profiles.

EXR carries more volatility with a beta of 1.27 — expect wider price swings.

FR is growing revenue faster at 10.0% — sustainability is the question.

EXR generates stronger free cash flow (490M), providing more financial flexibility.

Bottom Line

FR scores higher overall (66/100 vs 51/100), backed by strong 46.0% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Extra Space Storage Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Extra Space Storage is a real estate investment trust headquartered in Cottonwood Heights, Utah that invests in self storage units.

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First Industrial Realty Trust Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated industrial real estate owner, operator, and developer with a history of providing industry-leading customer service to multinational corporations and regional clients.

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