Rexford Industrial Realty, Inc. (REXR) vs Smartstop Self Storage REIT Inc (SMA)

Rexford Industrial Realty, Inc. and Smartstop Self Storage REIT Inc are both Reit Industrial companies. Rexford Industrial Realty, Inc. is the larger, with a market value of $8.2B against $2.0B — 4.1× the size. Rexford Industrial Realty, Inc. has negative trailing earnings, so its P/E is not meaningful; Smartstop Self Storage REIT Inc trades at 67.0×. Smartstop Self Storage REIT Inc grew revenue faster over the last twelve months: 21.1% against 0.55%. Smartstop Self Storage REIT Inc has the higher net margin (9.41% vs −40.4%) and the lower return on invested capital (1.91% vs 2.19%). Both pay a dividend; Smartstop Self Storage REIT Inc yields more (5.08% vs 4.72%). Across the 21 metrics below, Rexford Industrial Realty, Inc. leads on 11 and Smartstop Self Storage REIT Inc on 10.

Valuation

Metric REXR SMA Reit Industrial median
P/E n/m 67.00 27.94
P/S 8.30 6.16 8.30
P/B 1.06 1.50 1.85
Price to free cash flow 36.23 n/m 22.45
EV/EBITDA 16.66 18.69 18.69
EV/Sales 11.55 9.05 11.55
Earnings yield (4.92%) 1.49% 3.24%
Free cash flow yield 2.76% (1.22%) 2.76%

Profitability

Metric REXR SMA Reit Industrial median
Gross margin 76.80% 59.84% 73.76%
Operating margin 39.27% 21.44% 39.85%
Net margin (40.39%) 9.41% 28.04%
Free cash flow margin 22.90% (7.50%) 12.77%
Return on equity (4.78%) 2.25% 6.83%
Return on assets (3.24%) 1.22% 3.45%
Return on invested capital 2.19% 1.91% 2.92%

Growth

Metric REXR SMA Reit Industrial median
Revenue growth (TTM) 0.55% 21.10% 3.86%
EPS growth (last fiscal year) (28.33%) 18.00% 4.51%
Revenue growth, 5-year CAGR 24.89% 17.78% 13.33%
Net income growth, 5-year CAGR 26.68% 0.00% 9.91%

Health

Metric REXR SMA Reit Industrial median
Debt to equity 0.41 0.89 0.84
Current ratio 1.70 5.28 0.78
Net debt to EBITDA 4.52 6.40 4.76

Dividend

Metric REXR SMA Reit Industrial median
Dividend yield 4.72% 5.08% 4.15%
Payout ratio — 3.40 1.18

Size

Metric REXR SMA Reit Industrial median
Market cap 8.23b 2.01b 7.77b

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