DOC vs. GLPI: Healthpeak Properties vs. Gaming and Leisure Properties Stock Comparison

Company Profile

Healthpeak Properties (DOC) and Gaming and Leisure Properties (GLPI) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but DOC is classified in Health Care REITs while GLPI is classified in Specialized REITs.

Both Healthpeak Properties (DOC) 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 Healthpeak Properties (DOC) at 4.42% is closer to the peer norm — stronger capital efficiency for GLPI.

Neither Healthpeak Properties (DOC) 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 Healthpeak Properties (DOC) 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 Healthpeak Properties (DOC) at 4.52% 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 Healthpeak Properties (DOC) 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

Healthpeak Properties (DOC) at 1.48 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.

Both Healthpeak Properties (DOC) at 0.90 and Gaming and Leisure Properties (GLPI) at 1.57 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Both Healthpeak Properties (DOC) at 6.06% and Gaming and Leisure Properties (GLPI) at 8.11% offer top-quartile dividend income relative to share price within their industries.

An earnings-based payout ratio fits neither Healthpeak Properties (DOC) 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 Healthpeak Properties (DOC) 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 Healthpeak Properties (DOC) at 4.80 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.

On P/B ratio, both Healthpeak Properties (DOC) at 1.78 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