WallStSmart

Innovative Industrial Properties Inc (IIPR)vsPublic Storage (PSA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Public Storage generates 1732% more annual revenue ($4.87B vs $265.95M). IIPR leads profitability with a 44.5% profit margin vs 39.1%. IIPR trades at a lower P/E of 13.9x. PSA earns a higher WallStSmart Score of 62/100 (C+).

IIPR

Buy

52

out of 100

Grade: C-

Growth: 2.0Profit: 7.5Value: 6.0Quality: 5.0

PSA

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 8.5Value: 4.0Quality: 4.3
Piotroski: 4/9Altman Z: 1.13
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for IIPR.

PSAUndervalued (+6.8%)

Margin of Safety

+6.8%

Fair Value

$315.32

Current Price

$311.55

$3.77 discount

UndervaluedFair: $315.32Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IIPR4 strengths · Avg: 9.5/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Profit MarginProfitability
44.5%10/10

Keeps 45 of every $100 in revenue as profit

Operating MarginProfitability
51.3%10/10

Strong operational efficiency at 51.3%

P/E RatioValuation
13.9x8/10

Attractively priced relative to earnings

PSA5 strengths · Avg: 9.2/10
Profit MarginProfitability
39.1%10/10

Keeps 39 of every $100 in revenue as profit

Operating MarginProfitability
46.0%10/10

Strong operational efficiency at 46.0%

Market CapQuality
$54.30B9/10

Large-cap with strong market position

Return on EquityProfitability
20.2%9/10

Every $100 of equity generates 20 in profit

EPS GrowthGrowth
32.8%8/10

Earnings expanding 32.8% YoY

Areas to Watch

IIPR4 concerns · Avg: 2.5/10
Market CapQuality
$1.56B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
6.3%3/10

ROE of 6.3% — below average capital efficiency

Revenue GrowthGrowth
-13.1%2/10

Revenue declined 13.1%

EPS GrowthGrowth
-22.1%2/10

Earnings declined 22.1%

PSA4 concerns · Avg: 3.5/10
P/E RatioValuation
32.0x4/10

Premium valuation, high expectations priced in

Price/BookValuation
11.2x4/10

Trading at 11.2x book value

Revenue GrowthGrowth
3.2%4/10

3.2% revenue growth

PEG RatioValuation
4.502/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : IIPR

The strongest argument for IIPR centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 44.5% and operating margin at 51.3%.

Bull 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%.

Bear Case : IIPR

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

Bear Case : PSA

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

Key Dynamics to Monitor

IIPR profiles as a declining stock while PSA is a value play — different risk/reward profiles.

IIPR carries more volatility with a beta of 1.45 — expect wider price swings.

PSA is growing revenue faster at 3.2% — sustainability is the question.

PSA generates stronger free cash flow (625M), providing more financial flexibility.

Bottom Line

PSA scores higher overall (62/100 vs 52/100), backed by strong 39.1% 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.

Innovative Industrial Properties Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.

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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