AMT vs. GLPI: American Tower vs. Gaming and Leisure Properties Stock Comparison

Company Profile

American Tower (AMT) and Gaming and Leisure Properties (GLPI) both belong to the Specialized REITs industry, though AMT is classified under Telecom Tower REITs while GLPI falls under Other Specialized REITs.

Both American Tower (AMT) 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.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both companies show strong equity returns, but American Tower (AMT) at 32.96% is the standout with ROE above its industry range; Gaming and Leisure Properties (GLPI) at 18.69% also sits in the top quartile.

Neither American Tower (AMT) 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.

Neither side reports a meaningful operating margin: for American Tower (AMT) 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

Growth

Both American Tower (AMT) at 5.11% 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.

EPS growth isn't a meaningful figure for either American Tower (AMT) 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

Financial Strength

Gaming and Leisure Properties (GLPI) at 34.39 carries current ratio above its industry’s typical mid-range, while American Tower (AMT) at 0.35 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Gaming and Leisure Properties (GLPI) at 1.57 is near its industry mid-range for debt-to-equity ratio, while American Tower (AMT) at 4.64 sits above its benchmark range, pointing to a heavier debt load relative to equity.

Financial Strength Metrics

Dividends

Gaming and Leisure Properties (GLPI) at 8.11% delivers top-quartile income for its industry, while American Tower (AMT) at 3.64% pays a more typical yield — both are credible income propositions, GLPI the richer one.

An earnings-based payout ratio fits neither American Tower (AMT) 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

Valuation

P/E ratio is not a meaningful valuation yardstick for either American Tower (AMT) 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.

On P/S ratio, both American Tower (AMT) at 7.95 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.

Gaming and Leisure Properties (GLPI) at 2.28 sits near its industry’s typical P/B ratio, while American Tower (AMT) at 24.92 prices above its benchmark range — AMT looks rich relative to book.

Valuation Metrics