Equity Lifestyle Properties (ELS) vs Gaming and Leisure Properties (GLPI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Equity Lifestyle Properties (ELS) has outperformed Gaming and Leisure Properties (GLPI) over the past year, losing 6.5% versus a loss of 17.7%. Over five years, GLPI leads with a -23.4% price change compared with -30.6% for ELS. Equity Lifestyle Properties is the larger company by market cap ($11.63 billion vs $11.32 billion), about 1.0 times the size, while Gaming and Leisure Properties is growing revenue faster (+4.1% vs +0.3%).
On valuation, Gaming and Leisure Properties trades at a lower forward P/E (11.4x vs 26.6x for Equity Lifestyle Properties). Gaming and Leisure Properties offers the higher dividend yield (8.36% vs 3.65%). Gaming and Leisure Properties converts more of its revenue into profit, with a net margin of 51.7% versus 26.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ELS | GLPI |
|---|---|---|
| Share price | $57.98 | $37.78 |
| Market cap | $11.63B | $11.32B |
| 1-day change | -1.29% | -0.79% |
| YTD return | -4.34% | -15.46% |
| 1-year return | -6.53% | -17.71% |
| 5-year return | -30.62% | -23.41% |
| P/E ratio (TTM) | 28.01 | 11.05 |
| Forward P/E | 26.56 | 11.35 |
| EPS (TTM) | $2.07 | $3.42 |
| Dividend yield | 3.65% | 8.36% |
| Annual dividend | $2.12 | $3.16 |
| Revenue (latest FY) | $1.53B | $1.59B |
| Revenue growth (YoY) | +0.34% | +4.13% |
| Net income (latest FY) | $402.06M | $825.11M |
| Operating margin | 25.56% | 75.34% |
| Net margin | 26.25% | 51.74% |
| 52-week high | $69.00 | $49.95 |
| 52-week low | $57.46 | $37.33 |
| Distance from 52-week high | -15.97% | -24.36% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +20.01% | +37.06% |
| Average volume | 1.59M | 3.25M |
| Shares outstanding | 194.06M | 290.92M |
| Employees | 3,700 | 20 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ELS has outperformed GLPI by 11.2 percentage points over the past year.
- Equity Lifestyle Properties trades at a higher earnings multiple (28.0x vs 11.0x trailing P/E).
- Gaming and Leisure Properties offers a meaningfully higher dividend yield (8.36% vs 3.65%).
- Gaming and Leisure Properties is more profitable, keeping 51.7 cents of every revenue dollar as net income versus 26.3 cents for Equity Lifestyle Properties.
About Equity Lifestyle Properties
ELS stock →Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust.
Real Estate · Real Estate Investment Trusts · 3,700 employees
About Gaming and Leisure Properties
GLPI stock →Gaming and Leisure Properties, Inc. is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
Real Estate · Real Estate Investment Trusts · 20 employees
ELS vs GLPI FAQ
Which is bigger, Equity Lifestyle Properties or Gaming and Leisure Properties?
Equity Lifestyle Properties (ELS) is larger, with a market capitalization of $11.63B compared with $11.32B for Gaming and Leisure Properties (GLPI).
Which stock has performed better over the past year, ELS or GLPI?
ELS returned -6.53% over the past 12 months, compared with -17.71% for GLPI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ELS or GLPI?
GLPI has the lower trailing P/E at 11.0, versus 28.0 for ELS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Equity Lifestyle Properties or Gaming and Leisure Properties?
Gaming and Leisure Properties has the higher yield at 8.36%, compared with 3.65% for Equity Lifestyle Properties.
Are Equity Lifestyle Properties and Gaming and Leisure Properties in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.