Smartstop Self Storage REIT Inc (SMA) vs Terreno Realty Corporation (TRNO)

Smartstop Self Storage REIT Inc and Terreno Realty Corporation are both Reit Industrial companies. Terreno Realty Corporation is the larger, with a market value of $7.2B against $1.9B — 3.9× the size. Terreno Realty Corporation trades at the lower P/E: 17.7× against 62.3×. Smartstop Self Storage REIT Inc grew revenue faster over the last twelve months: 21.1% against 18.1%. Terreno Realty Corporation has the higher net margin (76.9% vs 9.41%) and the higher return on invested capital (2.42% vs 1.91%). Across the 21 metrics below, Terreno Realty Corporation leads on 13 and Smartstop Self Storage REIT Inc on 8.

Valuation

Metric SMA TRNO Reit Industrial median
P/E 62.33 17.71 28.30
P/S 5.73 14.00 8.16
P/B 1.40 1.59 1.89
Price to free cash flow n/m n/m 21.44
EV/EBITDA 17.80 25.97 17.97
EV/Sales 8.62 15.87 11.71
Earnings yield 1.60% 5.65% 3.38%
Free cash flow yield (1.31%) (9.75%) 2.71%

Profitability

Metric SMA TRNO Reit Industrial median
Gross margin 59.84% 76.17% 73.76%
Operating margin 21.44% 41.39% 39.85%
Net margin 9.41% 76.92% 28.04%
Free cash flow margin (7.50%) (136.53%) 13.63%
Return on equity 2.25% 9.24% 6.83%
Return on assets 1.22% 7.23% 3.45%
Return on invested capital 1.91% 2.42% 2.92%

Growth

Metric SMA TRNO Reit Industrial median
Revenue growth (TTM) 21.10% 18.05% 3.86%
EPS growth (last fiscal year) 18.00% 103.65% —
Revenue growth, 5-year CAGR 17.78% 20.58% 13.33%
Net income growth, 5-year CAGR 0.00% 38.26% 9.91%

Health

Metric SMA TRNO Reit Industrial median
Debt to equity 0.89 0.22 0.84
Current ratio 5.28 0.43 0.78
Net debt to EBITDA 6.40 3.36 4.76

Dividend

Metric SMA TRNO Reit Industrial median
Dividend yield — 2.67% 3.14%
Payout ratio — 0.87 1.14

Size

Metric SMA TRNO Reit Industrial median
Market cap 1.85b 7.24b 8.24b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack