Public Storage (PSA)vsVICI Properties Inc (VICI)
PSA
Public Storage
$296.50
+0.64%
REAL ESTATE · Cap: $55.40B
VICI
VICI Properties Inc
$24.83
+0.40%
REAL ESTATE · Cap: $27.82B
Smart Verdict
WallStSmart Research — data-driven comparison
Public Storage generates 20% more annual revenue ($4.91B vs $4.10B). VICI leads profitability with a 67.5% profit margin vs 41.6%. VICI trades at a lower P/E of 9.8x. PSA earns a higher WallStSmart Score of 62/100 (C+).
PSA
Buy62
out of 100
Grade: C+
VICI
Buy59
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-8.4%
Fair Value
$271.04
Current Price
$296.50
$25.46 premium
Margin of Safety
+37.9%
Fair Value
$46.98
Current Price
$24.83
$22.15 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
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 68 of every $100 in revenue as profit
Strong operational efficiency at 70.2%
Areas to Watch
Moderate valuation
Trading at 10.8x book value
3.3% revenue growth
Elevated debt levels
Grey zone — moderate risk
Earnings declined 41.4%
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 : VICI
The strongest argument for VICI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 67.5% and operating margin at 70.2%.
Bear Case : PSA
The primary concerns for PSA are P/E Ratio, Price/Book, Revenue Growth.
Bear Case : VICI
The primary concerns for VICI are Altman Z-Score, EPS Growth.
Key Dynamics to Monitor
PSA profiles as a value stock while VICI is a mature play — different risk/reward profiles.
PSA carries more volatility with a beta of 0.94 — expect wider price swings.
VICI is growing revenue faster at 5.7% — sustainability is the question.
PSA generates stronger free cash flow (799M), providing more financial flexibility.
Bottom Line
PSA scores higher overall (62/100 vs 59/100), backed by strong 41.6% margins. VICI offers better value entry with a 37.9% 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 →VICI Properties Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
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