Extra Space Storage Inc (EXR)vsVICI Properties Inc (VICI)
EXR
Extra Space Storage Inc
$137.64
+0.87%
REAL ESTATE · Cap: $30.71B
VICI
VICI Properties Inc
$24.83
+0.40%
REAL ESTATE · Cap: $27.82B
Smart Verdict
WallStSmart Research — data-driven comparison
VICI Properties Inc generates 17% more annual revenue ($4.10B vs $3.51B). VICI leads profitability with a 67.5% profit margin vs 27.3%. VICI trades at a lower P/E of 9.8x. VICI earns a higher WallStSmart Score of 59/100 (C).
EXR
Buy55
out of 100
Grade: C
VICI
Buy59
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-6.3%
Fair Value
$134.05
Current Price
$137.64
$3.59 premium
Margin of Safety
+37.9%
Fair Value
$46.98
Current Price
$24.83
$22.15 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 45.9%
Keeps 27 of every $100 in revenue as profit
Reasonable price relative to book value
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 68 of every $100 in revenue as profit
Strong operational efficiency at 70.2%
Areas to Watch
Premium valuation, high expectations priced in
3.8% revenue growth
ROE of 7.2% — below average capital efficiency
Elevated debt levels
Grey zone — moderate risk
Earnings declined 41.4%
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 27.3% and operating margin at 45.9%.
Bull Case : VICI
The strongest argument for VICI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 67.5% and operating margin at 70.2%.
Bear Case : EXR
The primary concerns for EXR are P/E Ratio, Revenue Growth, Return on Equity.
Bear Case : VICI
The primary concerns for VICI are Altman Z-Score, EPS Growth.
Key Dynamics to Monitor
EXR profiles as a value stock while VICI is a mature play — different risk/reward profiles.
EXR carries more volatility with a beta of 1.18 — expect wider price swings.
VICI is growing revenue faster at 5.7% — sustainability is the question.
VICI generates stronger free cash flow (728M), providing more financial flexibility.
Bottom Line
VICI scores higher overall (59/100 vs 55/100), backed by strong 67.5% 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 →VICI Properties Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
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