WallStSmart

Empire State Realty OP LP ES (ESBA)vsIron Mountain Incorporated (IRM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 844% more annual revenue ($7.25B vs $767.81M). ESBA leads profitability with a 9.5% profit margin vs 3.8%. ESBA trades at a lower P/E of 21.8x. IRM earns a higher WallStSmart Score of 64/100 (C+).

ESBA

Buy

51

out of 100

Grade: C-

Growth: 6.0Profit: 5.5Value: 5.3Quality: 4.8
Piotroski: 2/9

IRM

Buy

64

out of 100

Grade: C+

Growth: 8.7Profit: 7.0Value: 2.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.12
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for ESBA.

IRMOvervalued (-5.2%)

Margin of Safety

-5.2%

Fair Value

$95.27

Current Price

$132.06

$36.79 premium

UndervaluedFair: $95.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ESBA2 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
83.0%10/10

Earnings expanding 83.0% YoY

IRM4 strengths · Avg: 9.0/10
Return on EquityProfitability
225.1%10/10

Every $100 of equity generates 225 in profit

EPS GrowthGrowth
860.0%10/10

Earnings expanding 860.0% YoY

Operating MarginProfitability
21.0%8/10

Strong operational efficiency at 21.0%

Revenue GrowthGrowth
21.6%8/10

Revenue surging 21.6% year-over-year

Areas to Watch

ESBA4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
0.8%4/10

0.8% revenue growth

Market CapQuality
$1.49B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
4.0%3/10

ROE of 4.0% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

IRM4 concerns · Avg: 2.5/10
Profit MarginProfitability
3.8%3/10

3.8% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
2.702/10

Expensive relative to growth rate

P/E RatioValuation
138.3x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : ESBA

The strongest argument for ESBA centers on Price/Book, EPS Growth.

Bull Case : IRM

The strongest argument for IRM centers on Return on Equity, EPS Growth, Operating Margin. Revenue growth of 21.6% demonstrates continued momentum.

Bear Case : ESBA

The primary concerns for ESBA are Revenue Growth, Market Cap, Return on Equity.

Bear Case : IRM

The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 138.3x leaves little room for execution misses. Thin 3.8% margins leave little buffer for downturns.

Key Dynamics to Monitor

ESBA profiles as a value stock while IRM is a growth play — different risk/reward profiles.

ESBA carries more volatility with a beta of 1.42 — expect wider price swings.

IRM is growing revenue faster at 21.6% — sustainability is the question.

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

Bottom Line

IRM scores higher overall (64/100 vs 51/100) and 21.6% 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.

Empire State Realty OP LP ES

REAL ESTATE · REIT - OFFICE · USA

Empire State Realty OP, L.P. is a subsidiary of Empire State Realty Trust, Inc.

Iron Mountain Incorporated

REAL ESTATE · REIT - SPECIALTY · USA

Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.

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