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AHR vs. GLPI: American Healthcare REIT vs. Gaming and Leisure Properties Stock Comparison

How do American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AHR is classified in Diversified REITs while GLPI is classified in Specialized REITs.

Gaming and Leisure Properties (GLPI) has been public since October 14, 2013, giving it a longer listed trading history, while American Healthcare REIT (AHR) listed on February 7, 2024 and still has a shorter public-market record.

Both American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Company profile comparison for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
Profile ItemAHRGLPI
NameAmerican Healthcare REIT, Inc.Gaming and Leisure Properties, Inc.
Country/RegionUnited StatesUnited States
GICS SectorReal EstateReal Estate
GICS Industry GroupEquity Real Estate Investment Trusts (REITs)Equity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITsSpecialized REITs
GICS Sub-IndustryDiversified REITsOther Specialized REITs
Market Capitalization13.40 billion USD11.64 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateFebruary 7, 2024October 14, 2013
Security TypeREITREIT

Price Performance

Cumulative Growth

AHR
GLPI
GSPC
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
Total Return (1Y)19.64%-5.73%
Total Return (3Y, Annualized)--2.26%
Total Return (5Y, Annualized)--2.35%

Risk Profile

Drawdown History

AHR
GLPI
GSPC
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
Volatility (1Y, Annualized)26.52%19.48%
Beta (5Y)0.720.62
Max Drawdown (5Y)-14.05%-20.38%
Avg. Volume (3M)3.20M3.28M

Risk-Adjusted Performance

Risk-Return Positioning

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AHR and GLPI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
Sharpe Ratio (1Y)0.58-0.51
Sortino Ratio (1Y)0.84-0.74

Profitability

ROE (TTM)

Gaming and Leisure Properties (GLPI) at 18.69% sits in the top ROE quartile, while American Healthcare REIT (AHR) at 2.33% is closer to the peer norm — stronger capital efficiency for GLPI.

AHR

Equity Real Estate Investment Trusts (REITs) industry group

2.33%

Max
22.74%
Q3
10.54%
Median
6.38%
AHR
2.33%
Q1
1.69%
Min
-10.86%

GLPI

Equity Real Estate Investment Trusts (REITs) industry group

18.69%

Max
22.74%
GLPI
18.69%
Q3
10.54%
Median
6.38%
Q1
1.69%
Min
-10.86%
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI): A comparison of their ROE against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Net Margin (TTM)

Neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) and Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
ROE (TTM)2.33%18.69%
ROA (TTM)1.82%6.20%
Net Margin (TTM)----
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Both American Healthcare REIT (AHR) at 9.15% and Gaming and Leisure Properties (GLPI) at 4.13% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI): A comparison of their Revenue Growth across different time periods.

EPS Growth

EPS growth isn't a meaningful figure for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Growth metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
Revenue Growth (YoY)9.15%4.13%
Revenue Growth (3Y CAGR)11.80%6.73%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

American Healthcare REIT (AHR) at 1.31 keeps current ratio within its industry’s typical mid-range, while Gaming and Leisure Properties (GLPI) at 34.39 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

AHR

Equity Real Estate Investment Trusts (REITs) industry group

1.31

Max
4.19
Q3
2.11
Median
1.31
AHR
1.31
Q1
0.62
Min
0.06

GLPI

Equity Real Estate Investment Trusts (REITs) industry group

34.39

GLPI
34.39
Max
4.19
Q3
2.11
Median
1.31
Q1
0.62
Min
0.06
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI): A comparison of their current ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Debt / Equity (MRQ)

American Healthcare REIT (AHR) at 0.27 keeps leverage in the lower industry quartile, while Gaming and Leisure Properties (GLPI) at 1.57 runs a more typical debt-to-equity mix.

AHR

Equity Real Estate Investment Trusts (REITs) industry group

0.27

Max
2.72
Q3
1.59
Median
0.99
Q1
0.72
AHR
0.27
Min
0.20

GLPI

Equity Real Estate Investment Trusts (REITs) industry group

1.57

Max
2.72
Q3
1.59
GLPI
1.57
Median
0.99
Q1
0.72
Min
0.20
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI): A comparison of their debt-to-equity ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Financial Strength Metrics

Financial strength metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
Current Ratio (MRQ)1.3134.39
Debt / Equity (MRQ)0.271.57
Net Debt / EBITDA2.685.09

Dividends

Dividend Yield (TTM)

Gaming and Leisure Properties (GLPI) at 8.11% offers top-quartile income, while American Healthcare REIT (AHR) at 1.78% sits in the bottom quartile — a wide gap in cash returned to shareholders.

AHR

Equity Real Estate Investment Trusts (REITs) industry group

1.78%

Max
8.62%
Q3
5.95%
Median
4.34%
Q1
3.26%
AHR
1.78%
Min
0.00%

GLPI

Equity Real Estate Investment Trusts (REITs) industry group

8.11%

Max
8.62%
GLPI
8.11%
Q3
5.95%
Median
4.34%
Q1
3.26%
Min
0.00%
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI): A comparison of their dividend yield against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Dividend Payout Ratio (TTM)

An earnings-based payout ratio fits neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Dividend metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
Dividend Yield (TTM)1.78%8.11%
Dividend Payout Ratio (TTM)----

Valuation

P/E Ratio (TTM)

P/E ratio is not a meaningful valuation yardstick for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

P/S Ratio (TTM)

On P/S ratio, both American Healthcare REIT (AHR) at 5.01 and Gaming and Leisure Properties (GLPI) at 6.88 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

AHR

Equity Real Estate Investment Trusts (REITs) industry group

5.01

Max
14.47
Q3
8.02
Median
5.98
AHR
5.01
Q1
3.27
Min
0.43

GLPI

Equity Real Estate Investment Trusts (REITs) industry group

6.88

Max
14.47
Q3
8.02
GLPI
6.88
Median
5.98
Q1
3.27
Min
0.43
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI): A comparison of their P/S ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both American Healthcare REIT (AHR) at 2.42 and Gaming and Leisure Properties (GLPI) at 2.28 are valued close to their industries’ norm against book — neither stands out from peers.

AHR

Equity Real Estate Investment Trusts (REITs) industry group

2.42

Max
4.06
Q3
2.53
AHR
2.42
Median
1.64
Q1
1.06
Min
0.21

GLPI

Equity Real Estate Investment Trusts (REITs) industry group

2.28

Max
4.06
Q3
2.53
GLPI
2.28
Median
1.64
Q1
1.06
Min
0.21
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American Healthcare REIT (AHR) vs. Gaming and Leisure Properties (GLPI): A comparison of their P/B ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Valuation Metrics

Valuation metrics for American Healthcare REIT (AHR) and Gaming and Leisure Properties (GLPI)
MetricAHRGLPI
P/E Ratio (TTM)----
P/S Ratio (TTM)5.016.88
P/B Ratio (MRQ)2.422.28
Free Cash Flow Yield (TTM)----