GLPI vs. PLD: Gaming and Leisure Properties vs. Prologis Stock Comparison

Company Profile

Gaming and Leisure Properties (GLPI) and Prologis (PLD) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but GLPI is classified in Specialized REITs while PLD is classified in Industrial REITs.

Both Gaming and Leisure Properties (GLPI) and Prologis (PLD) 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 Prologis (PLD) at 7.71% 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 Prologis (PLD) 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 Prologis (PLD) 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 Prologis (PLD) at 7.18% 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 Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Prologis (PLD) at 0.73 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.

Prologis (PLD) at 0.62 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% delivers top-quartile income for its industry, while Prologis (PLD) at 3.28% 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 Prologis (PLD) 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 Prologis (PLD) 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 Prologis (PLD) at 12.48 sits in the pricier quartile — PLD costs more per dollar of sales.

On P/B ratio, both Gaming and Leisure Properties (GLPI) at 2.28 and Prologis (PLD) at 2.16 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics