WallStSmart

Public Storage (PSA)vsChicago Atlantic Real Estate Finance Inc (REFI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Public Storage generates 8812% more annual revenue ($4.87B vs $54.66M). REFI leads profitability with a 65.9% profit margin vs 39.1%. REFI trades at a lower P/E of 7.3x. PSA earns a higher WallStSmart Score of 62/100 (C+).

PSA

Buy

62

out of 100

Grade: C+

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

REFI

Buy

51

out of 100

Grade: C-

Growth: 4.0Profit: 8.5Value: 7.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PSAUndervalued (+6.8%)

Margin of Safety

+6.8%

Fair Value

$315.45

Current Price

$308.98

$6.47 discount

UndervaluedFair: $315.45Overvalued
REFIUndervalued (+18.7%)

Margin of Safety

+18.7%

Fair Value

$14.64

Current Price

$12.25

$2.39 discount

UndervaluedFair: $14.64Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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
$52.94B9/10

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

REFI4 strengths · Avg: 10.0/10
P/E RatioValuation
7.3x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Profit MarginProfitability
65.9%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
57.7%10/10

Strong operational efficiency at 57.7%

Areas to Watch

PSA4 concerns · Avg: 3.5/10
P/E RatioValuation
31.1x4/10

Premium valuation, high expectations priced in

Price/BookValuation
11.1x4/10

Trading at 11.1x book value

Revenue GrowthGrowth
3.2%4/10

3.2% revenue growth

PEG RatioValuation
4.392/10

Expensive relative to growth rate

REFI3 concerns · Avg: 3.0/10
Revenue GrowthGrowth
2.7%4/10

2.7% revenue growth

Market CapQuality
$259.79M3/10

Smaller company, higher risk/reward

EPS GrowthGrowth
-3.3%2/10

Earnings declined 3.3%

Comparative Analysis Report

WallStSmart Research

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%.

Bull Case : REFI

The strongest argument for REFI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 65.9% and operating margin at 57.7%.

Bear Case : PSA

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

Bear Case : REFI

The primary concerns for REFI are Revenue Growth, Market Cap, EPS Growth.

Key Dynamics to Monitor

PSA carries more volatility with a beta of 1.00 — 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.

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

Bottom Line

PSA scores higher overall (62/100 vs 51/100), backed by strong 39.1% margins. REFI offers better value entry with a 18.7% margin of safety. 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.

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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Chicago Atlantic Real Estate Finance Inc

REAL ESTATE · REIT - MORTGAGE · USA

Chicago Atlantic Real Estate Finance Inc. is a specialized Real Estate Investment Trust (REIT) dedicated to providing secured financing solutions primarily to the rapidly growing cannabis industry. The company is uniquely positioned to capitalize on this burgeoning sector, aiming to enhance shareholder value through a diversified and strategically managed portfolio. With a robust risk management framework and an experienced management team possessing profound industry knowledge, Chicago Atlantic is well-equipped to navigate the complex regulatory landscapes, seeking to deliver attractive risk-adjusted returns for institutional investors.

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