National Storage Affiliates Trust (NSA)vsSBA Communications Corp (SBAC)
NSA
National Storage Affiliates Trust
$41.47
-1.03%
REAL ESTATE · Cap: $6.10B
SBAC
SBA Communications Corp
$215.97
-0.74%
REAL ESTATE · Cap: $22.91B
Smart Verdict
WallStSmart Research — data-driven comparison
SBA Communications Corp generates 278% more annual revenue ($2.82B vs $745.60M). SBAC leads profitability with a 37.4% profit margin vs 9.9%. NSA appears more attractively valued with a PEG of 1.67. NSA earns a higher WallStSmart Score of 57/100 (C).
NSA
Buy57
out of 100
Grade: C
SBAC
Buy54
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+50.3%
Fair Value
$67.33
Current Price
$41.47
$25.86 discount
Margin of Safety
+12.1%
Fair Value
$217.30
Current Price
$215.97
$1.33 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 37 of every $100 in revenue as profit
Strong operational efficiency at 52.4%
Earnings expanding 115.6% YoY
Areas to Watch
Expensive relative to growth rate
ROE of 7.0% — below average capital efficiency
Premium valuation, high expectations priced in
Distress zone — elevated risk
3.7% revenue growth
ROE of 0.0% — below average capital efficiency
Expensive relative to growth rate
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, EPS Growth. Profitability is solid with margins at 37.4% and operating margin at 52.4%.
Bear Case : NSA
The primary concerns for NSA are PEG Ratio, Return on Equity, P/E Ratio. A P/E of 60.1x leaves little room for execution misses. Debt-to-equity of 3.52 is elevated, increasing financial risk.
Bear Case : SBAC
The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.
Key Dynamics to Monitor
NSA profiles as a growth stock while SBAC is a value play — different risk/reward profiles.
NSA carries more volatility with a beta of 1.11 — expect wider price swings.
NSA is growing revenue faster at 18.0% — sustainability is the question.
SBAC generates stronger free cash flow (241M), providing more financial flexibility.
Bottom Line
NSA scores higher overall (57/100 vs 54/100) and 18.0% revenue growth. 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 →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.
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