DLR vs. GLPI: Digital Realty Trust vs. Gaming and Leisure Properties Stock Comparison

Company Profile

Digital Realty Trust (DLR) and Gaming and Leisure Properties (GLPI) both belong to the Specialized REITs industry, though DLR is classified under Data Center REITs while GLPI falls under Other Specialized REITs.

Both Digital Realty Trust (DLR) 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

Gaming and Leisure Properties (GLPI) at 18.69% sits in the top ROE quartile, while Digital Realty Trust (DLR) at 3.34% is closer to the peer norm — stronger capital efficiency for GLPI.

Neither Digital Realty Trust (DLR) 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 Digital Realty Trust (DLR) 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

Digital Realty Trust (DLR) at 10.04% sits in the top revenue growth quartile, while Gaming and Leisure Properties (GLPI) at 4.13% is closer to the peer norm — faster top-line expansion for DLR.

EPS growth isn't a meaningful figure for either Digital Realty Trust (DLR) 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 Digital Realty Trust (DLR) at 0.58 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Digital Realty Trust (DLR) at 0.69 keeps leverage in the lower industry quartile, while Gaming and Leisure Properties (GLPI) at 1.57 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Gaming and Leisure Properties (GLPI) at 8.11% offers top-quartile income, while Digital Realty Trust (DLR) at 2.79% sits in the bottom quartile — a wide gap in cash returned to shareholders.

An earnings-based payout ratio fits neither Digital Realty Trust (DLR) 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 Digital Realty Trust (DLR) 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.

Gaming and Leisure Properties (GLPI) at 6.88 is priced about in line with its industry on P/S ratio, while Digital Realty Trust (DLR) at 9.47 sits in the pricier quartile — DLR costs more per dollar of sales.

On P/B ratio, both Digital Realty Trust (DLR) at 2.39 and Gaming and Leisure Properties (GLPI) at 2.28 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics