Extra Space Storage Inc (EXR)vsInnovative Industrial Properties Inc (IIPR)
EXR
Extra Space Storage Inc
$158.20
-0.63%
REAL ESTATE · Cap: $34.68B
IIPR
Innovative Industrial Properties Inc
$52.66
-3.80%
REAL ESTATE · Cap: $1.51B
Smart Verdict
WallStSmart Research — data-driven comparison
Extra Space Storage Inc generates 1234% more annual revenue ($3.52B vs $263.89M). IIPR leads profitability with a 53.2% profit margin vs 29.5%. IIPR trades at a lower P/E of 12.3x. EXR earns a higher WallStSmart Score of 61/100 (C+).
EXR
Buy61
out of 100
Grade: C+
IIPR
Buy56
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-4.9%
Fair Value
$135.84
Current Price
$158.20
$22.36 premium
Intrinsic value data unavailable for IIPR.
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 44.9%
Earnings expanding 50.3% YoY
Keeps 30 of every $100 in revenue as profit
Reasonable price relative to book value
Reasonable price relative to book value
Keeps 53 of every $100 in revenue as profit
Strong operational efficiency at 47.8%
Attractively priced relative to earnings
Areas to Watch
Premium valuation, high expectations priced in
1.1% revenue growth
Elevated debt levels
Weak financial health signals
0.4% revenue growth
2.1% earnings growth
Smaller company, higher risk/reward
ROE of 6.3% — below average capital efficiency
Comparative Analysis Report
WallStSmart ResearchBull Case : EXR
The strongest argument for EXR centers on Operating Margin, EPS Growth, Profit Margin. Profitability is solid with margins at 29.5% and operating margin at 44.9%.
Bull Case : IIPR
The strongest argument for IIPR centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 53.2% and operating margin at 47.8%.
Bear Case : EXR
The primary concerns for EXR are P/E Ratio, Revenue Growth, Debt/Equity.
Bear Case : IIPR
The primary concerns for IIPR are Revenue Growth, EPS Growth, Market Cap.
Key Dynamics to Monitor
IIPR carries more volatility with a beta of 1.38 — expect wider price swings.
EXR is growing revenue faster at 1.1% — sustainability is the question.
EXR generates stronger free cash flow (426M), providing more financial flexibility.
Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
EXR scores higher overall (61/100 vs 56/100), backed by strong 29.5% margins. Both earn "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.
Visit Website →Innovative Industrial Properties Inc
REAL ESTATE · REIT - INDUSTRIAL · USA
Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.
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