Extra Space Storage Inc (EXR)vsNational Storage Affiliates Trust (NSA)
EXR
Extra Space Storage Inc
$129.99
+0.15%
REAL ESTATE · Cap: $28.76B
NSA
National Storage Affiliates Trust
$37.42
-0.03%
REAL ESTATE · Cap: $5.46B
Smart Verdict
WallStSmart Research — data-driven comparison
Extra Space Storage Inc generates 362% more annual revenue ($3.45B vs $745.60M). EXR leads profitability with a 28.3% profit margin vs 9.9%. NSA appears more attractively valued with a PEG of 1.67. NSA earns a higher WallStSmart Score of 58/100 (C).
EXR
Buy57
out of 100
Grade: C
NSA
Buy58
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+3.2%
Fair Value
$147.25
Current Price
$129.99
$17.26 discount
Margin of Safety
-3.6%
Fair Value
$32.29
Current Price
$37.42
$5.13 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 44.5%
Keeps 28 of every $100 in revenue as profit
Reasonable price relative to book value
Strong operational efficiency at 37.9%
Earnings expanding 54.7% YoY
Areas to Watch
Moderate valuation
4.6% revenue growth
ROE of 7.0% — below average capital efficiency
Elevated debt levels
Expensive relative to growth rate
2.2% revenue growth
ROE of 7.0% — below average capital efficiency
Premium valuation, high expectations priced in
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 28.3% and operating margin at 44.5%.
Bull Case : NSA
The strongest argument for NSA centers on Operating Margin, EPS Growth.
Bear Case : EXR
The primary concerns for EXR are P/E Ratio, Revenue Growth, Return on Equity.
Bear Case : NSA
The primary concerns for NSA are PEG Ratio, Revenue Growth, Return on Equity. A P/E of 53.8x leaves little room for execution misses. Debt-to-equity of 3.52 is elevated, increasing financial risk.
Key Dynamics to Monitor
EXR carries more volatility with a beta of 1.24 — expect wider price swings.
EXR is growing revenue faster at 4.6% — 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
NSA scores higher overall (58/100 vs 57/100). 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 →National Storage Affiliates Trust
REAL ESTATE · REIT - INDUSTRIAL · USA
National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of storage properties located within the top 100 metropolitan statistical areas of the United States.
Visit Website →Compare with Other REIT - INDUSTRIAL Stocks
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