WallStSmart

National Storage Affiliates Trust (NSA)vsAT&T Inc. 5.35% GLB NTS 66 (TBB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NSA leads profitability with a 10.5% profit margin vs 0.0%. TBB trades at a lower P/E of 3.8x. NSA earns a higher WallStSmart Score of 59/100 (C).

NSA

Buy

59

out of 100

Grade: C

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

TBB

Avoid

25

out of 100

Grade: F

Growth: 4.0Profit: 5.0Value: 6.7Quality: 3.5
Piotroski: 5/9Altman Z: 0.87
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NSAUndervalued (+30.4%)

Margin of Safety

+30.4%

Fair Value

$48.04

Current Price

$43.41

$4.63 discount

UndervaluedFair: $48.04Overvalued

Intrinsic value data unavailable for TBB.

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

TBB3 strengths · Avg: 9.0/10
P/E RatioValuation
3.8x10/10

Attractively priced relative to earnings

Market CapQuality
$132.56B9/10

Large-cap with strong market position

Free Cash FlowQuality
$5.17B8/10

Generating 5.2B 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
57.9x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.332/10

Distress zone — elevated risk

Debt/EquityHealth
3.771/10

Elevated debt levels

TBB4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Operating MarginProfitability
0.0%3/10

Operating margin of 0.0%

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 : TBB

The strongest argument for TBB centers on P/E Ratio, Market Cap, Free Cash Flow.

Bear Case : NSA

The primary concerns for NSA are PEG Ratio, P/E Ratio, Altman Z-Score. A P/E of 57.9x leaves little room for execution misses. Debt-to-equity of 3.77 is elevated, increasing financial risk.

Bear Case : TBB

The primary concerns for TBB are Revenue Growth, EPS Growth, Profit Margin.

Key Dynamics to Monitor

NSA profiles as a growth stock while TBB is a value play — different risk/reward profiles.

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

TBB generates stronger free cash flow (5.2B), providing more financial flexibility.

Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NSA scores higher overall (59/100 vs 25/100) and 18.0% revenue growth. Both earn "Buy" and "Avoid" 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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AT&T Inc. 5.35% GLB NTS 66

REAL ESTATE · REIT - RESIDENTIAL · USA

AT&T Inc. provides digital entertainment communications and services. The company is headquartered in Dallas, Texas.

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