GLPI vs. MAA: Gaming and Leisure Properties vs. Mid-America Apartment Stock Comparison

Company Profile

Gaming and Leisure Properties (GLPI) and Mid-America Apartment (MAA) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but GLPI is classified in Specialized REITs while MAA is classified in Residential REITs.

Both Gaming and Leisure Properties (GLPI) and Mid-America Apartment (MAA) 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 Mid-America Apartment (MAA) at 6.91% is closer to the peer norm — stronger capital efficiency for GLPI.

Neither Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) nor Mid-America Apartment (MAA) 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 Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) and Mid-America Apartment (MAA) 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 Gaming and Leisure Properties (GLPI) at 4.13% and Mid-America Apartment (MAA) at 0.83% 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 Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) or Mid-America Apartment (MAA) 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 Mid-America Apartment (MAA) at 0.06 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Both Gaming and Leisure Properties (GLPI) at 1.57 and Mid-America Apartment (MAA) at 1.08 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Gaming and Leisure Properties (GLPI) at 8.11% delivers top-quartile income for its industry, while Mid-America Apartment (MAA) at 5.02% pays a more typical yield — both are credible income propositions, GLPI the richer one.

An earnings-based payout ratio fits neither Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) nor Mid-America Apartment (MAA) 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 Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) or Mid-America Apartment (MAA) 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 Gaming and Leisure Properties (GLPI) at 6.88 and Mid-America Apartment (MAA) at 6.36 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 is valued about in line with its industry on P/B ratio, while Mid-America Apartment (MAA) at 2.61 carries an above-peer premium to book — MAA is pricier on assets.

Valuation Metrics