Public Storage (PSA)vsVICI Properties Inc (VICI)
PSA
Public Storage
$309.68
+0.98%
REAL ESTATE · Cap: $52.51B
VICI
VICI Properties Inc
$27.86
+2.39%
REAL ESTATE · Cap: $30.71B
Smart Verdict
WallStSmart Research — data-driven comparison
Public Storage generates 21% more annual revenue ($4.87B vs $4.04B). VICI leads profitability with a 76.8% profit margin vs 39.1%. VICI trades at a lower P/E of 9.8x. VICI earns a higher WallStSmart Score of 66/100 (B-).
PSA
Buy62
out of 100
Grade: C+
VICI
Strong Buy66
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-2.6%
Fair Value
$286.49
Current Price
$309.68
$23.19 premium
Margin of Safety
+40.3%
Fair Value
$48.85
Current Price
$27.86
$20.99 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 21 in profit
Earnings expanding 32.8% YoY
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 77 of every $100 in revenue as profit
Strong operational efficiency at 107.5%
Earnings expanding 60.1% YoY
Areas to Watch
Premium valuation, high expectations priced in
Trading at 11.1x book value
3.2% revenue growth
Elevated debt levels
3.5% revenue growth
Grey zone — moderate risk
Weak financial health signals
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 76.8% and operating margin at 107.5%.
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 0.98 — expect wider price swings.
VICI is growing revenue faster at 3.5% — sustainability is the question.
VICI generates stronger free cash flow (631M), providing more financial flexibility.
Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
VICI scores higher overall (66/100 vs 62/100), backed by strong 76.8% margins. Both earn "Strong 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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