National Storage Affiliates Trust (NSA)vsSBA Communications Corp (SBAC)
NSA
National Storage Affiliates Trust
$43.43
+1.14%
REAL ESTATE · Cap: $6.27B
SBAC
SBA Communications Corp
$208.02
+0.08%
REAL ESTATE · Cap: $21.72B
Smart Verdict
WallStSmart Research — data-driven comparison
SBA Communications Corp generates 281% more annual revenue ($2.85B vs $749.54M). SBAC leads profitability with a 35.7% profit margin vs 10.5%. NSA appears more attractively valued with a PEG of 1.67. NSA earns a higher WallStSmart Score of 59/100 (C).
NSA
Buy59
out of 100
Grade: C
SBAC
Hold49
out of 100
Grade: D+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+30.3%
Fair Value
$47.96
Current Price
$43.43
$4.53 discount
Margin of Safety
+0.8%
Fair Value
$192.43
Current Price
$208.02
$15.59 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 35.8%
Earnings expanding 236.6% YoY
18.0% revenue growth
Keeps 36 of every $100 in revenue as profit
Strong operational efficiency at 52.4%
Conservative balance sheet, low leverage
Areas to Watch
Expensive relative to growth rate
Premium valuation, high expectations priced in
Distress zone — elevated risk
Elevated debt levels
ROE of 0.0% — below average capital efficiency
Expensive relative to growth rate
Earnings declined 14.7%
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull 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 : SBAC
The strongest argument for SBAC centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 35.7% and operating margin at 52.4%.
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 : SBAC
The primary concerns for SBAC are Return on Equity, PEG Ratio, EPS Growth.
Key Dynamics to Monitor
NSA profiles as a growth stock while SBAC is a mature play — different risk/reward profiles.
NSA carries more volatility with a beta of 1.09 — expect wider price swings.
NSA is growing revenue faster at 18.0% — sustainability is the question.
SBAC generates stronger free cash flow (207M), providing more financial flexibility.
Bottom Line
NSA scores higher overall (59/100 vs 49/100) and 18.0% revenue growth. Both earn "Buy" and "Hold" 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 →SBA Communications Corp
REAL ESTATE · REIT - SPECIALTY · USA
SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.
Compare with Other REIT - INDUSTRIAL Stocks
Want to dig deeper into these stocks?