WallStSmart

Extra Space Storage Inc (EXR)vsGranite Real Estate Investment Trust (GRTUF)

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Smart Verdict

WallStSmart Research — data-driven comparison

Extra Space Storage Inc generates 458% more annual revenue ($3.45B vs $617.89M). GRTUF leads profitability with a 55.4% profit margin vs 28.3%. GRTUF trades at a lower P/E of 15.2x. GRTUF earns a higher WallStSmart Score of 67/100 (B-).

EXR

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 7.5Value: 6.0Quality: 5.0
Piotroski: 3/9Altman Z: 0.90

GRTUF

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 8.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EXRUndervalued (+3.2%)

Margin of Safety

+3.2%

Fair Value

$147.25

Current Price

$129.99

$17.26 discount

UndervaluedFair: $147.25Overvalued
GRTUFUndervalued (+66.5%)

Margin of Safety

+66.5%

Fair Value

$192.35

Current Price

$59.87

$132.48 discount

UndervaluedFair: $192.35Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EXR3 strengths · Avg: 9.0/10
Operating MarginProfitability
44.5%10/10

Strong operational efficiency at 44.5%

Profit MarginProfitability
28.3%9/10

Keeps 28 of every $100 in revenue as profit

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

GRTUF5 strengths · Avg: 9.6/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Profit MarginProfitability
55.4%10/10

Keeps 55 of every $100 in revenue as profit

Operating MarginProfitability
74.0%10/10

Strong operational efficiency at 74.0%

EPS GrowthGrowth
67.4%10/10

Earnings expanding 67.4% YoY

P/E RatioValuation
15.2x8/10

Attractively priced relative to earnings

Areas to Watch

EXR4 concerns · Avg: 3.5/10
P/E RatioValuation
28.3x4/10

Moderate valuation

Revenue GrowthGrowth
4.6%4/10

4.6% revenue growth

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

Debt/EquityHealth
1.003/10

Elevated debt levels

GRTUF1 concerns · Avg: 3.0/10
Return on EquityProfitability
6.1%3/10

ROE of 6.1% — below average capital efficiency

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 28.3% and operating margin at 44.5%.

Bull Case : GRTUF

The strongest argument for GRTUF centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 55.4% and operating margin at 74.0%.

Bear Case : EXR

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

Bear Case : GRTUF

The primary concerns for GRTUF are Return on Equity.

Key Dynamics to Monitor

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

GRTUF is growing revenue faster at 9.3% — sustainability is the question.

EXR generates stronger free cash flow (362M), providing more financial flexibility.

Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

GRTUF scores higher overall (67/100 vs 57/100), backed by strong 55.4% 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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Granite Real Estate Investment Trust

REAL ESTATE · REIT - INDUSTRIAL · USA

Granite is a Canadian-based real estate investment trust (REIT) focused on acquiring, the development, ownership and management of buildings, mainly logistics facilities, warehouses and industrial buildings in North America and Europe.

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