COMPARE · Data as of August 27, 2026

IIPR vs PSA

Verdict: Side-by-side breakdown using the Bull Rankings model. IIPR scored 64.0, PSA scored 67.0 — PSA leads.
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IIPR
Innovative Industrial Properties, Inc.
REIT - Industrial · Financial strength
68.2Fin
$56.42 · $1.6B
fundamentals as of
Strength gap
12.0
IIPR leads
PSA
Public Storage
REIT - Industrial · Financial strength
56.2Fin
$311.20 · $58.1B
fundamentals as of
  • Fastest growthPSA+2.7%
  • Strongest balance sheetIIPR0.33
THE BULL RANKINGS SCORECARD68.2/ 100 · FIN STRENGTHPEER MEDIANREIT68.2
THE BULL RANKINGS SCORECARD56.2/ 100 · FIN STRENGTHPEER MEDIANREIT56.2
YieldIIPR13.3%PSA3.8%
RevIIPR-13.8%PSA+2.7%
D/EIIPR0.33PSA1.10
IIPR
PSA
13.3%C+
Yield
3.8%B+
-13.8%D
Rev
+2.7%C
0.33A
D/E
1.10B
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
IIPRInnovative Industrial Properties, Inc.
REIT - Industrial · $56.42 · beta 1.40
Why now
REIT - Industrial · market cap $1.6b. 14% off the 52-week high of $65.38. Revenue -14% — in contraction; any catalyst that reverses this triggers re-rating. 4 sell-side analysts rate this a Hold with a mean 1-yr target of $64.50 (implying +14% upside).
Moat
Net margin 52% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma.
Risk
Revenue contracting -14% — the operational turn is not yet visible in the top line. Beta 1.40 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Dividend payout 172% of earnings on a 13.3% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.
PSAPublic Storage
REIT - Industrial · $311.20 · beta 0.94
Why now
REIT - Industrial · market cap $58.1b. 7% off the 52-week high of $335.55. 17 sell-side analysts rate this a Hold with a mean 1-yr target of $337.18 (implying +8% upside).
Moat
Net margin 42% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 22% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. $58.1b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
P/S 11.8x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
Generating verdict… typically 5–10 seconds
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