GLPI vs. WPC: Gaming and Leisure Properties vs. W. P. Carey Stock Comparison
How do Gaming and Leisure Properties (GLPI) and W. P. Carey (WPC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Gaming and Leisure Properties (GLPI) and W. P. Carey (WPC) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but GLPI is classified in Specialized REITs while WPC is classified in Diversified REITs.
Both Gaming and Leisure Properties (GLPI) and W. P. Carey (WPC) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | GLPI | WPC |
|---|---|---|
| Name | Gaming and Leisure Properties, Inc. | W. P. Carey Inc. |
| Country/Region | United States | United States |
| GICS Sector | Real Estate | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Specialized REITs | Diversified REITs |
| GICS Sub-Industry | Other Specialized REITs | Diversified REITs |
| Market Capitalization | 11.64 billion USD | 14.97 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | October 14, 2013 | January 21, 1998 |
| Security Type | REIT | REIT |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | GLPI | WPC |
|---|---|---|
| Total Return (1Y) | -5.73% | 3.70% |
| Total Return (3Y, Annualized) | 2.26% | 13.11% |
| Total Return (5Y, Annualized) | 2.35% | 3.23% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | GLPI | WPC |
|---|---|---|
| Volatility (1Y, Annualized) | 19.48% | 17.83% |
| Beta (5Y) | 0.62 | 0.74 |
| Max Drawdown (5Y) | -20.38% | -36.81% |
| Avg. Volume (3M) | 3.28M | 1.52M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | GLPI | WPC |
|---|---|---|
| Sharpe Ratio (1Y) | -0.51 | -0.03 |
| Sortino Ratio (1Y) | -0.74 | -0.05 |
Profitability
ROE (TTM)
Gaming and Leisure Properties (GLPI) at 18.69% sits in the top ROE quartile, while W. P. Carey (WPC) at 7.76% is closer to the peer norm — stronger capital efficiency for GLPI.
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
18.69%
- Max
- 22.74%
- GLPI
- 18.69%
- Q3
- 10.54%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
WPC
Equity Real Estate Investment Trusts (REITs) industry group
7.76%
- Max
- 22.74%
- Q3
- 10.54%
- WPC
- 7.76%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
Net Margin (TTM)
Neither Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) nor W. P. Carey (WPC) 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.
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) and W. P. Carey (WPC) 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
| Metric | GLPI | WPC |
|---|---|---|
| ROE (TTM) | 18.69% | 7.76% |
| ROA (TTM) | 6.20% | 3.54% |
| Net Margin (TTM) | -- | -- |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Gaming and Leisure Properties (GLPI) at 4.13% and W. P. Carey (WPC) at 8.43% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
EPS growth isn't a meaningful figure for either Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) or W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs) under our convention.
Growth Metrics
| Metric | GLPI | WPC |
|---|---|---|
| Revenue Growth (YoY) | 4.13% | 8.43% |
| Revenue Growth (3Y CAGR) | 6.73% | 5.09% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
W. P. Carey (WPC) at 1.64 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.
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
34.39
- GLPI
- 34.39
- Max
- 4.19
- Q3
- 2.11
- Median
- 1.31
- Q1
- 0.62
- Min
- 0.06
WPC
Equity Real Estate Investment Trusts (REITs) industry group
1.64
- Max
- 4.19
- Q3
- 2.11
- WPC
- 1.64
- Median
- 1.31
- Q1
- 0.62
- Min
- 0.06
Debt / Equity (MRQ)
Both Gaming and Leisure Properties (GLPI) at 1.57 and W. P. Carey (WPC) at 1.00 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
1.57
- Max
- 2.72
- Q3
- 1.59
- GLPI
- 1.57
- Median
- 0.99
- Q1
- 0.72
- Min
- 0.20
WPC
Equity Real Estate Investment Trusts (REITs) industry group
1.00
- Max
- 2.72
- Q3
- 1.59
- WPC
- 1.00
- Median
- 0.99
- Q1
- 0.72
- Min
- 0.20
Financial Strength Metrics
| Metric | GLPI | WPC |
|---|---|---|
| Current Ratio (MRQ) | 34.39 | 1.64 |
| Debt / Equity (MRQ) | 1.57 | 1.00 |
| Net Debt / EBITDA | 5.09 | 5.52 |
Dividends
Dividend Yield (TTM)
Gaming and Leisure Properties (GLPI) at 8.11% delivers top-quartile income for its industry, while W. P. Carey (WPC) at 5.73% pays a more typical yield — both are credible income propositions, GLPI the richer one.
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
8.11%
- Max
- 8.62%
- GLPI
- 8.11%
- Q3
- 5.95%
- Median
- 4.34%
- Q1
- 3.26%
- Min
- 0.00%
WPC
Equity Real Estate Investment Trusts (REITs) industry group
5.73%
- Max
- 8.62%
- Q3
- 5.95%
- WPC
- 5.73%
- Median
- 4.34%
- Q1
- 3.26%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
An earnings-based payout ratio fits neither Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) nor W. P. Carey (WPC) 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
| Metric | GLPI | WPC |
|---|---|---|
| Dividend Yield (TTM) | 8.11% | 5.73% |
| Dividend Payout Ratio (TTM) | -- | -- |
Valuation
P/E Ratio (TTM)
P/E ratio is not a meaningful valuation yardstick for either Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) or W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.
P/S Ratio (TTM)
Gaming and Leisure Properties (GLPI) at 6.88 is priced about in line with its industry on P/S ratio, while W. P. Carey (WPC) at 8.06 sits in the pricier quartile — WPC costs more per dollar of sales.
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
6.88
- Max
- 14.47
- Q3
- 8.02
- GLPI
- 6.88
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
WPC
Equity Real Estate Investment Trusts (REITs) industry group
8.06
- Max
- 14.47
- WPC
- 8.06
- Q3
- 8.02
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
P/B Ratio (MRQ)
On P/B ratio, both Gaming and Leisure Properties (GLPI) at 2.28 and W. P. Carey (WPC) at 1.71 are valued close to their industries’ norm against book — neither stands out from peers.
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
2.28
- Max
- 4.06
- Q3
- 2.53
- GLPI
- 2.28
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
WPC
Equity Real Estate Investment Trusts (REITs) industry group
1.71
- Max
- 4.06
- Q3
- 2.53
- WPC
- 1.71
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
Valuation Metrics
| Metric | GLPI | WPC |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 6.88 | 8.06 |
| P/B Ratio (MRQ) | 2.28 | 1.71 |
| Free Cash Flow Yield (TTM) | -- | -- |