EastGroup Properties, Inc. (EGP) vs Extra Space Storage Inc (EXR)

EastGroup Properties, Inc. and Extra Space Storage Inc are both Reit Industrial companies. Extra Space Storage Inc is the larger, with a market value of $29.2B against $10.9B — 2.7× the size. Extra Space Storage Inc trades at the lower P/E: 29.4× against 35.3×. EastGroup Properties, Inc. grew revenue faster over the last twelve months: 11.0% against 4.16%. EastGroup Properties, Inc. has the higher net margin (40.5% vs 27.8%) and the higher return on invested capital (3.70% vs 3.25%). Both pay a dividend; Extra Space Storage Inc yields more (4.51% vs 2.80%). Across the 23 metrics below, Extra Space Storage Inc leads on 14 and EastGroup Properties, Inc. on 9.

Valuation

Metric EGP EXR Reit Industrial median
P/E 35.29 29.44 28.30
P/S 14.36 8.16 8.16
P/B 3.03 1.98 1.89
Price to free cash flow 14,028.51 21.44 21.44
EV/EBITDA 23.45 19.10 17.97
EV/Sales 16.45 11.92 11.71
Earnings yield 2.83% 3.40% 3.38%
Free cash flow yield 0.01% 4.66% 2.71%

Profitability

Metric EGP EXR Reit Industrial median
Gross margin 73.67% 70.78% 73.76%
Operating margin 40.54% 40.91% 39.85%
Net margin 40.47% 27.79% 28.04%
Free cash flow margin 0.10% 38.07% 13.63%
Return on equity 8.73% 6.64% 6.83%
Return on assets 5.69% 3.25% 3.45%
Return on invested capital 3.70% 3.25% 2.92%

Growth

Metric EGP EXR Reit Industrial median
Revenue growth (TTM) 10.98% 4.16% 3.86%
EPS growth (last fiscal year) 4.51% 13.90% —
Revenue growth, 5-year CAGR 14.72% 20.02% 13.33%
Net income growth, 5-year CAGR 18.89% 15.12% 9.91%

Health

Metric EGP EXR Reit Industrial median
Debt to equity 0.45 0.96 0.84
Current ratio 0.16 1.56 0.78
Net debt to EBITDA 3.22 6.12 4.76

Dividend

Metric EGP EXR Reit Industrial median
Dividend yield 2.80% 4.51% 3.14%
Payout ratio 1.34 1.18 1.14

Size

Metric EGP EXR Reit Industrial median
Market cap 10.89b 29.18b 8.24b

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