GLPI vs. PSA: Gaming and Leisure Properties vs. Public Storage Stock Comparison

Company Profile

Gaming and Leisure Properties (GLPI) and Public Storage (PSA) both belong to the Specialized REITs industry, though GLPI is classified under Other Specialized REITs while PSA falls under Self-Storage REITs.

Both Gaming and Leisure Properties (GLPI) and Public Storage (PSA) 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 Gaming and Leisure Properties (GLPI) at 18.69% and Public Storage (PSA) at 15.60% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

Neither Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) nor Public Storage (PSA) 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 Public Storage (PSA) 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 Public Storage (PSA) at 2.74% 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 Public Storage (PSA) 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 Public Storage (PSA) at 0.37 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Both Gaming and Leisure Properties (GLPI) at 1.57 and Public Storage (PSA) at 0.80 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 Public Storage (PSA) at 3.52% 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 Public Storage (PSA) 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 Public Storage (PSA) 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 Public Storage (PSA) at 12.50 sits in the pricier quartile — PSA costs more per dollar of sales.

Gaming and Leisure Properties (GLPI) at 2.28 sits near its industry’s typical P/B ratio, while Public Storage (PSA) at 6.45 prices above its benchmark range — PSA looks rich relative to book.

Valuation Metrics