First Industrial Realty Trust, Inc. (FR) vs Public Storage (PSA)

First Industrial Realty Trust, Inc. and Public Storage are both Reit Industrial companies. Public Storage is the larger, with a market value of $63.6B against $7.4B — 8.6× the size. First Industrial Realty Trust, Inc. trades at the lower P/E: 20.0× against 33.9×. First Industrial Realty Trust, Inc. grew revenue faster over the last twelve months: 8.55% against 5.16%. First Industrial Realty Trust, Inc. has the higher net margin (46.1% vs 33.7%) and the lower return on invested capital (3.68% vs 4.74%). Both pay a dividend; First Industrial Realty Trust, Inc. yields more (3.62% vs 3.56%). Across the 22 metrics below, First Industrial Realty Trust, Inc. leads on 13 and Public Storage on 9.

Valuation

Metric FR PSA Reit Industrial median
P/E 20.00 33.88 28.01
P/S 9.20 12.32 8.69
P/B 2.49 5.90 1.81
Price to free cash flow n/m 25.37 25.37
EV/EBITDA 18.11 22.16 19.45
EV/Sales 12.55 14.69 11.77
Earnings yield 5.00% 2.95% 3.26%
Free cash flow yield (0.33%) 3.94% 2.70%

Profitability

Metric FR PSA Reit Industrial median
Gross margin 73.75% 72.38% 73.76%
Operating margin 41.57% 40.51% 40.64%
Net margin 46.10% 33.71% 30.04%
Free cash flow margin (3.03%) 48.56% 20.13%
Return on equity 12.74% 21.81% 7.41%
Return on assets 6.28% 6.91% 3.98%
Return on invested capital 3.68% 4.74% 3.45%

Growth

Metric FR PSA Reit Industrial median
Revenue growth (TTM) 8.55% 5.16% 4.61%
EPS growth (last fiscal year) (13.82%) (15.32%) (2.22%)
Revenue growth, 5-year CAGR 10.17% 10.60% 14.64%
Net income growth, 5-year CAGR 4.76% 7.62% 12.19%

Health

Metric FR PSA Reit Industrial median
Debt to equity 0.92 0.80 0.82
Current ratio 1.06 1.00 0.91
Net debt to EBITDA 4.87 2.92 4.82

Dividend

Metric FR PSA Reit Industrial median
Dividend yield 3.62% 3.56% 4.08%
Payout ratio 0.72 1.21 1.11

Size

Metric FR PSA Reit Industrial median
Market cap 7.39b 63.62b 7.74b

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