WallStSmart

First Industrial Realty Trust Inc (FR)vsPublic Storage (PSA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Public Storage generates 541% more annual revenue ($4.87B vs $760.37M). FR leads profitability with a 47.9% profit margin vs 39.1%. FR appears more attractively valued with a PEG of 3.74. PSA earns a higher WallStSmart Score of 62/100 (C+).

FR

Buy

61

out of 100

Grade: C+

Growth: 8.0Profit: 8.0Value: 3.3Quality: 3.5
Piotroski: 3/9Altman Z: 0.98

PSA

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 8.5Value: 3.3Quality: 3.5
Piotroski: 3/9Altman Z: 1.00
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FRSignificantly Overvalued (-37.9%)

Margin of Safety

-37.9%

Fair Value

$43.06

Current Price

$64.15

$21.09 premium

UndervaluedFair: $43.06Overvalued
PSAFair Value (-2.7%)

Margin of Safety

-2.7%

Fair Value

$286.12

Current Price

$326.49

$40.37 premium

UndervaluedFair: $286.12Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FR3 strengths · Avg: 9.3/10
Profit MarginProfitability
47.9%10/10

Keeps 48 of every $100 in revenue as profit

Operating MarginProfitability
45.1%10/10

Strong operational efficiency at 45.1%

EPS GrowthGrowth
39.3%8/10

Earnings expanding 39.3% YoY

PSA5 strengths · Avg: 9.2/10
Profit MarginProfitability
39.1%10/10

Keeps 39 of every $100 in revenue as profit

Operating MarginProfitability
46.3%10/10

Strong operational efficiency at 46.3%

Market CapQuality
$54.73B9/10

Large-cap with strong market position

Return on EquityProfitability
20.6%9/10

Every $100 of equity generates 21 in profit

EPS GrowthGrowth
32.8%8/10

Earnings expanding 32.8% YoY

Areas to Watch

FR3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
3.742/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.982/10

Distress zone — elevated risk

PSA4 concerns · Avg: 3.8/10
P/E RatioValuation
31.9x4/10

Premium valuation, high expectations priced in

Price/BookValuation
11.8x4/10

Trading at 11.8x book value

Revenue GrowthGrowth
3.2%4/10

3.2% revenue growth

Debt/EquityHealth
1.053/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : FR

The strongest argument for FR centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 47.9% and operating margin at 45.1%.

Bull Case : PSA

The strongest argument for PSA centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 39.1% and operating margin at 46.3%.

Bear Case : FR

The primary concerns for FR are Piotroski F-Score, PEG Ratio, Altman Z-Score.

Bear Case : PSA

The primary concerns for PSA are P/E Ratio, Price/Book, Revenue Growth.

Key Dynamics to Monitor

FR profiles as a mature stock while PSA is a value play — different risk/reward profiles.

FR carries more volatility with a beta of 1.06 — expect wider price swings.

FR is growing revenue faster at 8.4% — sustainability is the question.

PSA generates stronger free cash flow (625M), providing more financial flexibility.

Bottom Line

PSA scores higher overall (62/100 vs 61/100), backed by strong 39.1% 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.

First Industrial Realty Trust Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated industrial real estate owner, operator, and developer with a history of providing industry-leading customer service to multinational corporations and regional clients.

Public Storage

REAL ESTATE · REIT - INDUSTRIAL · USA

Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust (REIT).

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