Public Storage (PSA)vsVICI Properties Inc (VICI)
PSA
Public Storage
$294.09
-1.03%
REAL ESTATE · Cap: $53.09B
VICI
VICI Properties Inc
$28.60
-0.17%
REAL ESTATE · Cap: $30.63B
Smart Verdict
WallStSmart Research — data-driven comparison
Public Storage generates 22% more annual revenue ($4.87B vs $4.01B). VICI leads profitability with a 69.3% profit margin vs 39.1%. VICI trades at a lower P/E of 11.0x. PSA earns a higher WallStSmart Score of 62/100 (C+).
PSA
Buy62
out of 100
Grade: C+
VICI
Buy56
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+6.9%
Fair Value
$315.77
Current Price
$294.09
$21.68 discount
Margin of Safety
+49.4%
Fair Value
$57.61
Current Price
$28.60
$29.01 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 39 of every $100 in revenue as profit
Strong operational efficiency at 46.0%
Large-cap with strong market position
Every $100 of equity generates 20 in profit
Earnings expanding 32.8% YoY
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 69 of every $100 in revenue as profit
Strong operational efficiency at 80.3%
Areas to Watch
Premium valuation, high expectations priced in
Trading at 10.5x book value
3.2% revenue growth
Expensive relative to growth rate
3.8% revenue growth
Distress zone — elevated risk
Weak financial health signals
Earnings declined 3.4%
Comparative Analysis Report
WallStSmart ResearchBull Case : PSA
The strongest argument for PSA centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 39.1% and operating margin at 46.0%.
Bull Case : VICI
The strongest argument for VICI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 69.3% and operating margin at 80.3%.
Bear Case : PSA
The primary concerns for PSA are P/E Ratio, Price/Book, Revenue Growth.
Bear Case : VICI
The primary concerns for VICI are Revenue Growth, Altman Z-Score, Piotroski F-Score.
Key Dynamics to Monitor
PSA carries more volatility with a beta of 1.00 — expect wider price swings.
VICI is growing revenue faster at 3.8% — sustainability is the question.
PSA generates stronger free cash flow (695M), providing more financial flexibility.
Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
PSA scores higher overall (62/100 vs 56/100), backed by strong 39.1% margins. VICI offers better value entry with a 49.4% 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.
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 →VICI Properties Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
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