Brandywine Realty Trust (NYSE:BDN) & Extra Space Storage (NYSE:EXR) Head to Head Analysis

Brandywine Realty Trust (NYSE:BDN) and Extra Space Storage (NYSE:EXR) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, dividends, earnings, institutional ownership, risk and profitability.

Insider and Institutional Ownership

87.3% of Brandywine Realty Trust shares are held by institutional investors. Comparatively, 99.1% of Extra Space Storage shares are held by institutional investors. 3.3% of Brandywine Realty Trust shares are held by company insiders. Comparatively, 1.4% of Extra Space Storage shares are held by company 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.

Analyst Ratings

This is a breakdown of current ratings for Brandywine Realty Trust and Extra Space Storage, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Brandywine Realty Trust	1	2	0	0	1.67
Extra Space Storage	1	9	6	0	2.31

Brandywine Realty Trust currently has a consensus price target of $4.50, suggesting a potential upside of 14.65%. Extra Space Storage has a consensus price target of $148.64, suggesting a potential upside of 4.04%. Given Brandywine Realty Trust’s higher possible upside, equities research analysts clearly believe Brandywine Realty Trust is more favorable than Extra Space Storage.

Volatility and Risk

Brandywine Realty Trust has a beta of 1.45, suggesting that its stock price is 45% 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.

Dividends

Brandywine Realty Trust pays an annual dividend of $0.60 per share and has a dividend yield of 15.3%. Extra Space Storage pays an annual dividend of $6.48 per share and has a dividend yield of 4.5%. Brandywine Realty Trust pays out -31.9% 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 increased its dividend for 1 consecutive years. Brandywine Realty Trust is clearly the better dividend stock, given its higher yield and lower payout ratio.

Valuation & Earnings

This table compares Brandywine Realty Trust and Extra Space Storage”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Brandywine Realty Trust	$505.52 million	1.35	-$195.91 million	($1.88)	-2.09
Extra Space Storage	$3.26 billion	9.31	$854.68 million	$4.61	30.99

Extra Space Storage has higher revenue and earnings than Brandywine Realty Trust. Brandywine Realty 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.

Profitability

This table compares Brandywine Realty Trust and Extra Space Storage’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Brandywine Realty Trust	-65.33%	-32.12%	-9.31%
Extra Space Storage	29.51%	6.69%	3.44%

Summary

Extra Space Storage beats Brandywine Realty Trust on 12 of the 17 factors compared between the two stocks.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together.

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.