Digital Realty Trust, Inc. (DLR) vs Gaming and Leisure Properties, Inc. (GLPI)

Digital Realty Trust, Inc. and Gaming and Leisure Properties, Inc. are both Reit Specialty companies. Digital Realty Trust, Inc. is the larger, with a market value of $66.9B against $11.2B — 6.0× the size. Gaming and Leisure Properties, Inc. trades at the lower P/E: 11.4× against 82.3×. Digital Realty Trust, Inc. grew revenue faster over the last twelve months: 17.4% against 5.76%. Gaming and Leisure Properties, Inc. has the higher net margin (58.5% vs 11.2%) and the higher return on invested capital (6.47% vs 0.07%). Both pay a dividend; Gaming and Leisure Properties, Inc. yields more (6.68% vs 3.32%). Across the 23 metrics below, Gaming and Leisure Properties, Inc. leads on 15 and Digital Realty Trust, Inc. on 8.

Valuation

Metric DLR GLPI Reit Specialty median
P/E 82.31 11.37 26.27
P/S 9.34 6.69 5.86
P/B 2.32 2.06 2.19
Price to free cash flow 17.18 17.65 14.62
EV/EBITDA 38.79 11.38 16.22
EV/Sales 11.83 11.42 8.93
Earnings yield 1.21% 8.80% 3.43%
Free cash flow yield 5.82% 5.67% 5.37%

Profitability

Metric DLR GLPI Reit Specialty median
Gross margin 57.08% 100.00% 67.43%
Operating margin 0.79% 82.55% 21.38%
Net margin 11.20% 58.53% 16.14%
Free cash flow margin 54.36% 37.93% 31.07%
Return on equity 3.04% 18.78% 4.76%
Return on assets 1.47% 7.27% 3.29%
Return on invested capital 0.07% 6.47% 4.19%

Growth

Metric DLR GLPI Reit Specialty median
Revenue growth (TTM) 17.39% 5.76% 5.36%
EPS growth (last fiscal year) 122.36% 2.79% —
Revenue growth, 5-year CAGR 9.38% 6.70% 6.70%
Net income growth, 5-year CAGR 36.93% 10.29% 0.00%

Health

Metric DLR GLPI Reit Specialty median
Debt to equity 0.67 1.51 0.62
Current ratio 1.06 4.74 0.70
Net debt to EBITDA 5.84 4.70 4.47

Dividend

Metric DLR GLPI Reit Specialty median
Dividend yield 3.32% 6.68% 3.88%
Payout ratio 3.84 0.98 1.14

Size

Metric DLR GLPI Reit Specialty median
Market cap 66.89b 11.21b 8.48b

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