Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Free Report) and Extra Space Storage (NYSE:EXR – Get Free Report) are both finance companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, risk, profitability, dividends and earnings.
Risk and Volatility
Industrial Logistics Properties Trust has a beta of 2.43, suggesting that its stock price is 143% more volatile than the S&P 500. Comparatively, Extra Space Storage has a beta of 1.11, suggesting that its stock price is 11% more volatile than the S&P 500.
Analyst Ratings
This is a breakdown of current ratings and price targets for Industrial Logistics Properties Trust and Extra Space Storage, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Industrial Logistics Properties Trust | 1 | 1 | 0 | 1 | 2.33 |
| Extra Space Storage | 1 | 9 | 6 | 0 | 2.31 |
Earnings & Valuation
This table compares Industrial Logistics Properties Trust and Extra Space Storage”s revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Industrial Logistics Properties Trust | $443.47 million | 0.81 | -$95.67 million | ($1.40) | -3.87 |
| Extra Space Storage | $3.26 billion | 9.33 | $854.68 million | $4.61 | 31.05 |
Extra Space Storage has higher revenue and earnings than Industrial Logistics Properties Trust. Industrial Logistics Properties Trust is trading at a lower price-to-earnings ratio than Extra Space Storage, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership
49.1% of Industrial Logistics Properties Trust shares are held by institutional investors. Comparatively, 99.1% of Extra Space Storage shares are held by institutional investors. 1.8% of Industrial Logistics Properties Trust shares are held by insiders. Comparatively, 1.0% of Extra Space Storage shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Profitability
This table compares Industrial Logistics Properties Trust and Extra Space Storage’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Industrial Logistics Properties Trust | -20.73% | -9.25% | -1.71% |
| Extra Space Storage | 29.51% | 6.69% | 3.44% |
Dividends
Industrial Logistics Properties Trust pays an annual dividend of $0.20 per share and has a dividend yield of 3.7%. Extra Space Storage pays an annual dividend of $6.48 per share and has a dividend yield of 4.5%. Industrial Logistics Properties Trust pays out -14.3% of its earnings in the form of a dividend. Extra Space Storage pays out 140.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Extra Space Storage has raised its dividend for 1 consecutive years. Extra Space Storage is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Summary
Extra Space Storage beats Industrial Logistics Properties Trust on 13 of the 18 factors compared between the two stocks.
About Industrial Logistics Properties Trust
Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states. Approximately 77% of ILPT's annualized rental revenues as of December 31, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA.
About Extra Space Storage
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.
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