WallStSmart

Extra Space Storage Inc (EXR)vsFirst Industrial Realty Trust Inc (FR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Extra Space Storage Inc generates 362% more annual revenue ($3.51B vs $760.37M). FR leads profitability with a 47.9% profit margin vs 27.3%. FR appears more attractively valued with a PEG of 3.74. FR earns a higher WallStSmart Score of 61/100 (C+).

EXR

Buy

55

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 3.3Quality: 3.0
Piotroski: 3/9Altman Z: 0.83

FR

Buy

61

out of 100

Grade: C+

Growth: 8.0Profit: 8.0Value: 3.3Quality: 3.5
Piotroski: 3/9Altman Z: 0.98
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EXROvervalued (-6.3%)

Margin of Safety

-6.3%

Fair Value

$134.10

Current Price

$149.86

$15.76 premium

UndervaluedFair: $134.10Overvalued
FRSignificantly Overvalued (-37.9%)

Margin of Safety

-37.9%

Fair Value

$43.06

Current Price

$64.15

$21.09 premium

UndervaluedFair: $43.06Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EXR3 strengths · Avg: 9.0/10
Operating MarginProfitability
45.9%10/10

Strong operational efficiency at 45.9%

Profit MarginProfitability
27.3%9/10

Keeps 27 of every $100 in revenue as profit

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

FR3 strengths · Avg: 9.3/10
Profit MarginProfitability
47.9%10/10

Keeps 48 of every $100 in revenue as profit

Operating MarginProfitability
45.1%10/10

Strong operational efficiency at 45.1%

EPS GrowthGrowth
39.3%8/10

Earnings expanding 39.3% YoY

Areas to Watch

EXR4 concerns · Avg: 3.5/10
P/E RatioValuation
32.7x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
3.8%4/10

3.8% revenue growth

Return on EquityProfitability
7.2%3/10

ROE of 7.2% — below average capital efficiency

Debt/EquityHealth
1.093/10

Elevated debt levels

FR3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
3.742/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.982/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : EXR

The strongest argument for EXR centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 27.3% and operating margin at 45.9%.

Bull Case : FR

The strongest argument for FR centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 47.9% and operating margin at 45.1%.

Bear Case : EXR

The primary concerns for EXR are P/E Ratio, Revenue Growth, Return on Equity.

Bear Case : FR

The primary concerns for FR are Piotroski F-Score, PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

EXR profiles as a value stock while FR is a mature play — different risk/reward profiles.

EXR carries more volatility with a beta of 1.20 — expect wider price swings.

FR is growing revenue faster at 8.4% — sustainability is the question.

EXR generates stronger free cash flow (386M), providing more financial flexibility.

Bottom Line

FR scores higher overall (61/100 vs 55/100), backed by strong 47.9% margins. 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.

Extra Space Storage Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Extra Space Storage is a real estate investment trust headquartered in Cottonwood Heights, Utah that invests in self storage units.

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First Industrial Realty Trust Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated industrial real estate owner, operator, and developer with a history of providing industry-leading customer service to multinational corporations and regional clients.

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