Gaming and Leisure Properties, Inc. (GLPI) vs Iron Mountain Incorporated (IRM)

Gaming and Leisure Properties, Inc. and Iron Mountain Incorporated are both Reit Specialty companies. Iron Mountain Incorporated is the larger, with a market value of $34.0B against $11.2B — 3.0× the size. Gaming and Leisure Properties, Inc. trades at the lower P/E: 11.4× against 79.6×. Iron Mountain Incorporated 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 5.54%) and the higher return on invested capital (6.47% vs 5.48%). Both pay a dividend; Gaming and Leisure Properties, Inc. yields more (6.68% vs 3.68%). Across the 21 metrics below, Gaming and Leisure Properties, Inc. leads on 16 and Iron Mountain Incorporated on 5.

Valuation

Metric GLPI IRM Reit Specialty median
P/E 11.37 79.56 26.27
P/S 6.69 4.39 5.86
P/B 2.06 n/m 2.19
Price to free cash flow 17.65 n/m 14.62
EV/EBITDA 11.38 19.80 16.22
EV/Sales 11.42 6.65 8.93
Earnings yield 8.80% 1.26% 3.43%
Free cash flow yield 5.67% (1.79%) 5.37%

Profitability

Metric GLPI IRM Reit Specialty median
Gross margin 100.00% 54.21% 67.43%
Operating margin 82.55% 18.76% 21.38%
Net margin 58.53% 5.54% 16.14%
Free cash flow margin 37.93% (7.87%) 31.07%
Return on equity 18.78% (54.95%) 4.76%
Return on assets 7.27% 1.99% 3.29%
Return on invested capital 6.47% 5.48% 4.19%

Growth

Metric GLPI IRM Reit Specialty median
Revenue growth (TTM) 5.76% 17.37% 5.36%
EPS growth (last fiscal year) 2.79% (19.67%) —
Revenue growth, 5-year CAGR 6.70% 10.72% 6.70%
Net income growth, 5-year CAGR 10.29% (15.85%) 0.00%

Health

Metric GLPI IRM Reit Specialty median
Debt to equity 1.51 (18.17) 0.62
Current ratio 4.74 0.73 0.70
Net debt to EBITDA 4.70 7.33 4.47

Dividend

Metric GLPI IRM Reit Specialty median
Dividend yield 6.68% 3.68% 3.88%
Payout ratio 0.98 1.92 1.14

Size

Metric GLPI IRM Reit Specialty median
Market cap 11.21b 33.96b 8.48b

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