WallStSmart

Extra Space Storage Inc (EXR)vsTerreno Realty Corporation (TRNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Extra Space Storage Inc generates 623% more annual revenue ($3.45B vs $476.38M). TRNO leads profitability with a 84.6% profit margin vs 28.3%. EXR appears more attractively valued with a PEG of 3.30. TRNO earns a higher WallStSmart Score of 72/100 (B).

EXR

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 7.5Value: 6.0Quality: 5.0
Piotroski: 3/9Altman Z: 0.90

TRNO

Strong Buy

72

out of 100

Grade: B

Growth: 9.3Profit: 7.5Value: 7.3Quality: 5.3
Piotroski: 5/9Altman Z: 2.37
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EXRUndervalued (+3.2%)

Margin of Safety

+3.2%

Fair Value

$147.25

Current Price

$129.99

$17.26 discount

UndervaluedFair: $147.25Overvalued
TRNOUndervalued (+64.2%)

Margin of Safety

+64.2%

Fair Value

$182.99

Current Price

$61.66

$121.33 discount

UndervaluedFair: $182.99Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EXR3 strengths · Avg: 9.0/10
Operating MarginProfitability
44.5%10/10

Strong operational efficiency at 44.5%

Profit MarginProfitability
28.3%9/10

Keeps 28 of every $100 in revenue as profit

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

TRNO6 strengths · Avg: 9.3/10
Profit MarginProfitability
84.6%10/10

Keeps 85 of every $100 in revenue as profit

Operating MarginProfitability
42.0%10/10

Strong operational efficiency at 42.0%

Revenue GrowthGrowth
32.6%10/10

Revenue surging 32.6% year-over-year

EPS GrowthGrowth
99.6%10/10

Earnings expanding 99.6% YoY

P/E RatioValuation
15.6x8/10

Attractively priced relative to earnings

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Areas to Watch

EXR4 concerns · Avg: 3.5/10
P/E RatioValuation
28.3x4/10

Moderate valuation

Revenue GrowthGrowth
4.6%4/10

4.6% revenue growth

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

Debt/EquityHealth
1.003/10

Elevated debt levels

TRNO1 concerns · Avg: 2.0/10
PEG RatioValuation
7.702/10

Expensive relative to growth rate

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 28.3% and operating margin at 44.5%.

Bull Case : TRNO

The strongest argument for TRNO centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 84.6% and operating margin at 42.0%. Revenue growth of 32.6% demonstrates continued momentum.

Bear Case : EXR

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

Bear Case : TRNO

The primary concerns for TRNO are PEG Ratio.

Key Dynamics to Monitor

EXR profiles as a value stock while TRNO is a growth play — different risk/reward profiles.

EXR carries more volatility with a beta of 1.24 — expect wider price swings.

TRNO is growing revenue faster at 32.6% — sustainability is the question.

EXR generates stronger free cash flow (362M), providing more financial flexibility.

Bottom Line

TRNO scores higher overall (72/100 vs 57/100), backed by strong 84.6% margins and 32.6% revenue growth. 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.

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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Terreno Realty Corporation

REAL ESTATE · REIT - INDUSTRIAL · USA

Terreno Realty Corporation and together with its subsidiaries, the?

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