Extra Space Storage Inc (EXR)vsInnovative Industrial Properties Inc (IIPR)
EXR
Extra Space Storage Inc
$145.86
-0.38%
REAL ESTATE · Cap: $32.19B
IIPR
Innovative Industrial Properties Inc
$61.19
+0.27%
REAL ESTATE · Cap: $1.77B
Smart Verdict
WallStSmart Research — data-driven comparison
Extra Space Storage Inc generates 1221% more annual revenue ($3.48B vs $263.23M). IIPR leads profitability with a 45.6% profit margin vs 27.1%. IIPR trades at a lower P/E of 15.6x. IIPR earns a higher WallStSmart Score of 54/100 (C-).
EXR
Buy51
out of 100
Grade: C-
IIPR
Buy54
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-7.2%
Fair Value
$132.89
Current Price
$145.86
$12.97 premium
Intrinsic value data unavailable for IIPR.
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 44.0%
Keeps 27 of every $100 in revenue as profit
Reasonable price relative to book value
Reasonable price relative to book value
Keeps 46 of every $100 in revenue as profit
Strong operational efficiency at 49.8%
Conservative balance sheet, low leverage
Attractively priced relative to earnings
Areas to Watch
Premium valuation, high expectations priced in
3.8% revenue growth
ROE of 7.1% — below average capital efficiency
Elevated debt levels
0.0% earnings growth
Smaller company, higher risk/reward
ROE of 6.3% — below average capital efficiency
Weak financial health signals
Comparative Analysis Report
WallStSmart ResearchBull 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 : IIPR
The strongest argument for IIPR centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 45.6% and operating margin at 49.8%.
Bear Case : EXR
The primary concerns for EXR are P/E Ratio, Revenue Growth, Return on Equity.
Bear Case : IIPR
The primary concerns for IIPR are EPS Growth, Market Cap, Return on Equity.
Key Dynamics to Monitor
EXR profiles as a value stock while IIPR is a declining play — different risk/reward profiles.
IIPR carries more volatility with a beta of 1.45 — expect wider price swings.
EXR is growing revenue faster at 3.8% — sustainability is the question.
EXR generates stronger free cash flow (386M), providing more financial flexibility.
Bottom Line
IIPR scores higher overall (54/100 vs 51/100), backed by strong 45.6% 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.
Compare with Other REIT - INDUSTRIAL Stocks
Want to dig deeper into these stocks?