Industrial Logistics Properties Trust (ILPT) vs Smartstop Self Storage REIT Inc (SMA)

Industrial Logistics Properties Trust and Smartstop Self Storage REIT Inc are both Reit Industrial companies. Smartstop Self Storage REIT Inc is the larger, with a market value of $2.3B against $403.9M — 5.7× the size. Industrial Logistics Properties Trust has negative trailing earnings, so its P/E is not meaningful; Smartstop Self Storage REIT Inc trades at 75.1×. Smartstop Self Storage REIT Inc grew revenue faster over the last twelve months: 21.1% against 3.55%. Smartstop Self Storage REIT Inc has the higher net margin (9.41% vs −12.1%) and the lower return on invested capital (1.91% vs 2.02%). Both pay a dividend; Industrial Logistics Properties Trust yields more (4.97% vs 4.18%). Across the 20 metrics below, Industrial Logistics Properties Trust leads on 10 and Smartstop Self Storage REIT Inc on 10.

Valuation

Metric ILPT SMA Reit Industrial median
P/E n/m 75.10 29.08
P/S 0.87 6.91 8.75
P/B 0.50 1.68 1.88
Price to free cash flow 8.39 n/m 27.37
EV/EBITDA 13.30 20.23 19.77
EV/Sales 9.55 9.80 11.83
Earnings yield (15.90%) 1.33% 3.06%
Free cash flow yield 11.92% (1.09%) 2.68%

Profitability

Metric ILPT SMA Reit Industrial median
Gross margin 85.73% 59.84% 73.76%
Operating margin 33.66% 21.44% 40.64%
Net margin (12.12%) 9.41% 30.03%
Free cash flow margin 10.35% (7.50%) 18.60%
Return on equity (6.54%) 2.25% 7.37%
Return on assets (1.08%) 1.22% 3.98%
Return on invested capital 2.02% 1.91% 3.18%

Growth

Metric ILPT SMA Reit Industrial median
Revenue growth (TTM) 3.55% 21.10% 4.61%
EPS growth (last fiscal year) 31.51% 74.36% (2.22%)
Revenue growth, 5-year CAGR 12.01% 17.78% 14.64%
Net income growth, 5-year CAGR 0.00% 0.00% 12.19%

Health

Metric ILPT SMA Reit Industrial median
Debt to equity 5.27 0.89 0.82
Current ratio 3.78 5.28 0.91
Net debt to EBITDA 11.82 6.40 4.82

Dividend

Metric ILPT SMA Reit Industrial median
Dividend yield 4.97% 4.18% 4.05%
Payout ratio — 3.14 1.15

Size

Metric ILPT SMA Reit Industrial median
Market cap 403.91m 2.30b 7.97b

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