EastGroup Properties, Inc. (EGP) vs Public Storage (PSA)

EastGroup Properties, Inc. and Public Storage are both Reit Industrial companies. Public Storage is the larger, with a market value of $55.2B against $10.5B — 5.3× the size. Public Storage trades at the lower P/E: 28.4× against 34.4×. EastGroup Properties, Inc. grew revenue faster over the last twelve months: 11.0% against 2.97%. EastGroup Properties, Inc. has the higher net margin (40.5% vs 37.7%) and the lower return on invested capital (3.70% vs 7.20%). Both pay a dividend; Public Storage yields more (4.02% vs 3.26%). Across the 23 metrics below, Public Storage leads on 15 and EastGroup Properties, Inc. on 8.

Valuation

Metric EGP PSA Reit Industrial median
P/E 34.38 28.38 27.94
P/S 13.99 10.71 8.30
P/B 2.95 10.61 1.85
Price to free cash flow 13,665.13 20.30 22.45
EV/EBITDA 22.92 18.48 18.69
EV/Sales 16.08 12.80 11.55
Earnings yield 2.91% 3.52% 3.24%
Free cash flow yield 0.01% 4.93% 2.76%

Profitability

Metric EGP PSA Reit Industrial median
Gross margin 73.67% 72.51% 73.76%
Operating margin 40.54% 45.25% 39.85%
Net margin 40.47% 37.74% 28.04%
Free cash flow margin 0.10% 52.76% 12.77%
Return on equity 8.73% 36.68% 6.83%
Return on assets 5.69% 9.08% 3.45%
Return on invested capital 3.70% 7.20% 2.92%

Growth

Metric EGP PSA Reit Industrial median
Revenue growth (TTM) 10.98% 2.97% 3.86%
EPS growth (last fiscal year) 4.51% (15.32%) 4.51%
Revenue growth, 5-year CAGR 14.72% 10.60% 13.33%
Net income growth, 5-year CAGR 18.89% 7.62% 9.91%

Health

Metric EGP PSA Reit Industrial median
Debt to equity 0.45 1.10 0.84
Current ratio 0.16 0.66 0.78
Net debt to EBITDA 3.22 2.92 4.76

Dividend

Metric EGP PSA Reit Industrial median
Dividend yield 3.26% 4.02% 4.15%
Payout ratio 1.12 1.15 1.18

Size

Metric EGP PSA Reit Industrial median
Market cap 10.46b 55.18b 7.77b

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