Public Storage (PSA)vsTanger Factory Outlet Centers Inc (SKT)
PSA
Public Storage
$286.73
-1.03%
REAL ESTATE · Cap: $55.40B
SKT
Tanger Factory Outlet Centers Inc
$35.60
-0.17%
REAL ESTATE · Cap: $4.26B
Smart Verdict
WallStSmart Research — data-driven comparison
Public Storage generates 682% more annual revenue ($4.91B vs $627.75M). PSA leads profitability with a 41.6% profit margin vs 20.2%. SKT appears more attractively valued with a PEG of 4.14. PSA earns a higher WallStSmart Score of 62/100 (C+).
PSA
Buy62
out of 100
Grade: C+
SKT
Buy61
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-8.4%
Fair Value
$270.94
Current Price
$286.73
$15.79 premium
Margin of Safety
+36.4%
Fair Value
$53.21
Current Price
$35.60
$17.61 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 42 of every $100 in revenue as profit
Strong operational efficiency at 45.7%
Large-cap with strong market position
Every $100 of equity generates 22 in profit
Earnings expanding 45.1% YoY
Strong operational efficiency at 32.6%
Keeps 20 of every $100 in revenue as profit
Areas to Watch
Moderate valuation
Trading at 10.4x book value
3.3% revenue growth
Elevated debt levels
Premium valuation, high expectations priced in
Weak financial health signals
Expensive relative to growth rate
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : PSA
The strongest argument for PSA centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 41.6% and operating margin at 45.7%.
Bull Case : SKT
The strongest argument for SKT centers on Operating Margin, Profit Margin. Profitability is solid with margins at 20.2% and operating margin at 32.6%. Revenue growth of 11.5% demonstrates continued momentum.
Bear Case : PSA
The primary concerns for PSA are P/E Ratio, Price/Book, Revenue Growth.
Bear Case : SKT
The primary concerns for SKT are P/E Ratio, Piotroski F-Score, PEG Ratio. Debt-to-equity of 2.76 is elevated, increasing financial risk.
Key Dynamics to Monitor
PSA profiles as a value stock while SKT is a mature play — different risk/reward profiles.
SKT carries more volatility with a beta of 1.08 — expect wider price swings.
SKT is growing revenue faster at 11.5% — sustainability is the question.
PSA generates stronger free cash flow (799M), providing more financial flexibility.
Bottom Line
PSA scores higher overall (62/100 vs 61/100), backed by strong 41.6% margins. SKT offers better value entry with a 36.4% 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).
Visit Website →Tanger Factory Outlet Centers Inc
REAL ESTATE · REIT - RETAIL · USA
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.
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