WallStSmart

Extra Space Storage Inc (EXR)vsTanger Factory Outlet Centers Inc (SKT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Extra Space Storage Inc generates 459% more annual revenue ($3.51B vs $627.75M). EXR leads profitability with a 27.3% profit margin vs 20.2%. SKT appears more attractively valued with a PEG of 4.14. SKT earns a higher WallStSmart Score of 61/100 (C+).

EXR

Buy

55

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 3.3Quality: 3.0
Piotroski: 3/9Altman Z: 0.83

SKT

Buy

61

out of 100

Grade: C+

Growth: 6.0Profit: 8.0Value: 5.3Quality: 3.5
Piotroski: 2/9Altman Z: 0.34
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EXROvervalued (-6.3%)

Margin of Safety

-6.3%

Fair Value

$134.01

Current Price

$133.84

$0.17 premium

UndervaluedFair: $134.01Overvalued
SKTUndervalued (+36.4%)

Margin of Safety

+36.4%

Fair Value

$53.21

Current Price

$35.60

$17.61 discount

UndervaluedFair: $53.21Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EXR3 strengths · Avg: 9.0/10
Operating MarginProfitability
45.9%10/10

Strong operational efficiency at 45.9%

Profit MarginProfitability
27.3%9/10

Keeps 27 of every $100 in revenue as profit

Price/BookValuation
2.1x8/10

Reasonable price relative to book value

SKT2 strengths · Avg: 9.5/10
Operating MarginProfitability
32.6%10/10

Strong operational efficiency at 32.6%

Profit MarginProfitability
20.2%9/10

Keeps 20 of every $100 in revenue as profit

Areas to Watch

EXR4 concerns · Avg: 3.5/10
P/E RatioValuation
30.2x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
3.8%4/10

3.8% revenue growth

Return on EquityProfitability
7.2%3/10

ROE of 7.2% — below average capital efficiency

Debt/EquityHealth
1.093/10

Elevated debt levels

SKT4 concerns · Avg: 2.8/10
P/E RatioValuation
32.7x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
4.142/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.342/10

Distress zone — elevated risk

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 27.3% and operating margin at 45.9%.

Bull Case : SKT

The strongest argument for SKT centers on Operating Margin, Profit Margin. Profitability is solid with margins at 20.2% and operating margin at 32.6%. Revenue growth of 11.5% demonstrates continued momentum.

Bear Case : EXR

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

Bear Case : SKT

The primary concerns for SKT are P/E Ratio, Piotroski F-Score, PEG Ratio. Debt-to-equity of 2.76 is elevated, increasing financial risk.

Key Dynamics to Monitor

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

EXR carries more volatility with a beta of 1.18 — expect wider price swings.

SKT is growing revenue faster at 11.5% — sustainability is the question.

EXR generates stronger free cash flow (549M), providing more financial flexibility.

Bottom Line

SKT scores higher overall (61/100 vs 55/100), backed by strong 20.2% margins and 11.5% 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.

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Tanger Factory Outlet Centers Inc

REAL ESTATE · REIT - RETAIL · USA

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.

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