WallStSmart

National Storage Affiliates Trust (NSA)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 1151% more annual revenue ($9.38B vs $749.54M). PLD leads profitability with a 39.7% profit margin vs 10.5%. NSA appears more attractively valued with a PEG of 1.67. PLD earns a higher WallStSmart Score of 63/100 (C+).

NSA

Buy

59

out of 100

Grade: C

Growth: 6.7Profit: 7.0Value: 5.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.33

PLD

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 7.0Value: 5.3Quality: 4.0
Piotroski: 2/9Altman Z: 1.01
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NSAUndervalued (+30.3%)

Margin of Safety

+30.3%

Fair Value

$47.96

Current Price

$43.43

$4.53 discount

UndervaluedFair: $47.96Overvalued
PLDUndervalued (+43.3%)

Margin of Safety

+43.3%

Fair Value

$254.85

Current Price

$144.54

$110.31 discount

UndervaluedFair: $254.85Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NSA3 strengths · Avg: 9.3/10
Operating MarginProfitability
35.8%10/10

Strong operational efficiency at 35.8%

EPS GrowthGrowth
236.6%10/10

Earnings expanding 236.6% YoY

Revenue GrowthGrowth
18.0%8/10

18.0% revenue growth

PLD6 strengths · Avg: 9.2/10
Profit MarginProfitability
39.7%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

EPS GrowthGrowth
65.2%10/10

Earnings expanding 65.2% YoY

Market CapQuality
$130.91B9/10

Large-cap with strong market position

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.14B8/10

Generating 1.1B in free cash flow

Areas to Watch

NSA4 concerns · Avg: 2.3/10
PEG RatioValuation
1.674/10

Expensive relative to growth rate

P/E RatioValuation
56.9x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.332/10

Distress zone — elevated risk

Debt/EquityHealth
3.771/10

Elevated debt levels

PLD4 concerns · Avg: 3.0/10
P/E RatioValuation
35.4x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
108.142/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : NSA

The strongest argument for NSA centers on Operating Margin, EPS Growth, Revenue Growth. Revenue growth of 18.0% demonstrates continued momentum.

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.7% and operating margin at 38.5%.

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.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

NSA profiles as a growth stock while PLD is a mature play — different risk/reward profiles.

PLD carries more volatility with a beta of 1.35 — expect wider price swings.

NSA is growing revenue faster at 18.0% — sustainability is the question.

PLD generates stronger free cash flow (1.1B), providing more financial flexibility.

Bottom Line

PLD scores higher overall (63/100 vs 59/100), backed by strong 39.7% margins. NSA offers better value entry with a 30.3% margin of safety. 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.

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.

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Prologis Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

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