National Storage Affiliates Trust (NSA)vsPublic Storage (PSA)
NSA
National Storage Affiliates Trust
$37.42
-0.03%
REAL ESTATE · Cap: $5.50B
PSA
Public Storage
$267.63
-0.12%
REAL ESTATE · Cap: $47.03B
Smart Verdict
WallStSmart Research — data-driven comparison
Public Storage generates 548% more annual revenue ($4.83B vs $745.60M). PSA leads profitability with a 36.9% profit margin vs 9.9%. NSA appears more attractively valued with a PEG of 1.67. NSA earns a higher WallStSmart Score of 58/100 (C).
NSA
Buy58
out of 100
Grade: C
PSA
Buy50
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-3.6%
Fair Value
$32.29
Current Price
$37.42
$5.13 premium
Margin of Safety
-380.1%
Fair Value
$61.20
Current Price
$267.63
$206.43 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 37.9%
Earnings expanding 54.7% YoY
Keeps 37 of every $100 in revenue as profit
Strong operational efficiency at 46.2%
Areas to Watch
Expensive relative to growth rate
2.2% revenue growth
ROE of 7.0% — below average capital efficiency
Premium valuation, high expectations priced in
Moderate valuation
Trading at 9.6x book value
3.3% revenue growth
Expensive relative to growth rate
Comparative Analysis Report
WallStSmart ResearchBull Case : NSA
The strongest argument for NSA centers on Operating Margin, EPS Growth.
Bull Case : PSA
The strongest argument for PSA centers on Profit Margin, Operating Margin. Profitability is solid with margins at 36.9% and operating margin at 46.2%.
Bear Case : NSA
The primary concerns for NSA are PEG Ratio, Revenue Growth, Return on Equity. A P/E of 54.2x leaves little room for execution misses. Debt-to-equity of 3.52 is elevated, increasing financial risk.
Bear Case : PSA
The primary concerns for PSA are P/E Ratio, Price/Book, Revenue Growth.
Key Dynamics to Monitor
NSA carries more volatility with a beta of 1.19 — expect wider price swings.
PSA is growing revenue faster at 3.3% — sustainability is the question.
PSA generates stronger free cash flow (634M), providing more financial flexibility.
Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
NSA scores higher overall (58/100 vs 50/100). 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.
Visit Website →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).
Visit Website →Compare with Other REIT - INDUSTRIAL Stocks
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