WallStSmart

First Industrial Realty Trust Inc (FR)vsPublic Storage (PSA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Public Storage generates 564% more annual revenue ($4.83B vs $727.56M). PSA leads profitability with a 36.9% profit margin vs 34.0%. FR appears more attractively valued with a PEG of 3.74. FR earns a higher WallStSmart Score of 55/100 (C).

FR

Buy

55

out of 100

Grade: C

Growth: 7.3Profit: 8.0Value: 5.3Quality: 5.0

PSA

Buy

50

out of 100

Grade: C-

Growth: 3.3Profit: 8.5Value: 4.7Quality: 4.3
Piotroski: 4/9Altman Z: 1.13
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FRFair Value (-2.0%)

Margin of Safety

-2.0%

Fair Value

$58.19

Current Price

$57.00

$1.19 premium

UndervaluedFair: $58.19Overvalued
PSASignificantly Overvalued (-379.6%)

Margin of Safety

-379.6%

Fair Value

$61.27

Current Price

$265.78

$204.51 premium

UndervaluedFair: $61.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FR3 strengths · Avg: 9.3/10
Profit MarginProfitability
34.0%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
42.1%10/10

Strong operational efficiency at 42.1%

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

PSA2 strengths · Avg: 10.0/10
Profit MarginProfitability
36.9%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
46.2%10/10

Strong operational efficiency at 46.2%

Areas to Watch

FR3 concerns · Avg: 2.7/10
P/E RatioValuation
32.5x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
3.742/10

Expensive relative to growth rate

Free Cash FlowQuality
$-508.18M2/10

Negative free cash flow — burning cash

PSA4 concerns · Avg: 3.5/10
P/E RatioValuation
29.5x4/10

Moderate valuation

Price/BookValuation
9.5x4/10

Trading at 9.5x book value

Revenue GrowthGrowth
3.3%4/10

3.3% revenue growth

PEG RatioValuation
9.872/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FR

The strongest argument for FR centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 34.0% and operating margin at 42.1%.

Bull Case : PSA

The strongest argument for PSA centers on Profit Margin, Operating Margin. Profitability is solid with margins at 36.9% and operating margin at 46.2%.

Bear Case : FR

The primary concerns for FR are P/E Ratio, PEG Ratio, Free Cash Flow.

Bear Case : PSA

The primary concerns for PSA are P/E Ratio, Price/Book, Revenue Growth.

Key Dynamics to Monitor

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

FR carries more volatility with a beta of 1.12 — expect wider price swings.

FR is growing revenue faster at 7.7% — sustainability is the question.

PSA generates stronger free cash flow (634M), providing more financial flexibility.

Bottom Line

FR scores higher overall (55/100 vs 50/100), backed by strong 34.0% 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.

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.

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).

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