Extra Space Storage Inc (EXR)vsNational Storage Affiliates Trust (NSA)
EXR
Extra Space Storage Inc
$145.31
-0.38%
REAL ESTATE · Cap: $33.24B
NSA
National Storage Affiliates Trust
$43.43
+1.14%
REAL ESTATE · Cap: $6.27B
Smart Verdict
WallStSmart Research — data-driven comparison
Extra Space Storage Inc generates 364% more annual revenue ($3.48B vs $749.54M). EXR leads profitability with a 27.1% profit margin vs 10.5%. NSA appears more attractively valued with a PEG of 1.67. NSA earns a higher WallStSmart Score of 59/100 (C).
EXR
Buy51
out of 100
Grade: C-
NSA
Buy59
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-7.2%
Fair Value
$132.89
Current Price
$145.31
$12.42 premium
Margin of Safety
+30.3%
Fair Value
$47.96
Current Price
$43.43
$4.53 discount
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
Strong operational efficiency at 35.8%
Earnings expanding 236.6% YoY
18.0% revenue growth
Areas to Watch
Premium valuation, high expectations priced in
3.8% revenue growth
ROE of 7.1% — below average capital efficiency
Elevated debt levels
Expensive relative to growth rate
Premium valuation, high expectations priced in
Distress zone — elevated risk
Elevated debt levels
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 : NSA
The strongest argument for NSA centers on Operating Margin, EPS Growth, Revenue Growth. Revenue growth of 18.0% demonstrates continued momentum.
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, P/E Ratio, Altman Z-Score. A P/E of 56.9x leaves little room for execution misses. Debt-to-equity of 3.77 is elevated, increasing financial risk.
Key Dynamics to Monitor
EXR profiles as a value stock while NSA is a growth play — different risk/reward profiles.
EXR carries more volatility with a beta of 1.21 — expect wider price swings.
NSA is growing revenue faster at 18.0% — sustainability is the question.
EXR generates stronger free cash flow (386M), providing more financial flexibility.
Bottom Line
NSA scores higher overall (59/100 vs 51/100) and 18.0% revenue growth. 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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