Gaming and Leisure Properties (GLPI) vs Iron Mountain (Delaware)Common Stock REIT (IRM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Iron Mountain (Delaware)Common Stock REIT (IRM) has outperformed Gaming and Leisure Properties (GLPI) over the past year, gaining 9.7% versus a loss of 17.5%. Over five years, IRM leads with a +158.7% price change compared with -23.2% for GLPI. Iron Mountain (Delaware)Common Stock REIT is the larger company by market cap ($34.46 billion vs $11.32 billion), about 3.0 times the size.
On valuation, Gaming and Leisure Properties trades at a lower forward P/E (11.4x vs 42.4x for Iron Mountain (Delaware)Common Stock REIT). Gaming and Leisure Properties offers the higher dividend yield (8.36% vs 2.92%). Gaming and Leisure Properties converts more of its revenue into profit, with a net margin of 51.7% versus 2.2%.
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 | GLPI | IRM |
|---|---|---|
| Share price | $37.78 | $115.75 |
| Market cap | $11.32B | $34.46B |
| 1-day change | -0.79% | -0.64% |
| YTD return | -15.22% | +39.99% |
| 1-year return | -17.47% | +9.67% |
| 5-year return | -23.19% | +158.75% |
| P/E ratio (TTM) | 11.05 | 82.68 |
| Forward P/E | 11.35 | 42.45 |
| EPS (TTM) | $3.42 | $1.40 |
| Dividend yield | 8.36% | 2.92% |
| Annual dividend | $3.16 | $3.38 |
| Revenue (latest FY) | $1.59B | $6.90B |
| Revenue growth (YoY) | +4.13% | +12.23% |
| Net income (latest FY) | $825.11M | $152.25M |
| Gross margin | — | 55.38% |
| Operating margin | 75.34% | 16.86% |
| Net margin | 51.74% | 2.21% |
| 52-week high | $49.95 | $134.68 |
| 52-week low | $37.33 | $77.77 |
| Distance from 52-week high | -24.36% | -14.06% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +37.06% | +25.35% |
| Average volume | 3.32M | 1.75M |
| Shares outstanding | 290.92M | 297.70M |
| Employees | 20 | 29,400 |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Specialty | REIT - Specialty |
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
- Iron Mountain (Delaware)Common Stock REIT is about 3.0 times larger than Gaming and Leisure Properties by market value ($34.46B vs $11.32B).
- IRM has outperformed GLPI by 27.1 percentage points over the past year.
- Iron Mountain (Delaware)Common Stock REIT trades at a higher earnings multiple (82.7x vs 11.0x trailing P/E).
- Gaming and Leisure Properties offers a meaningfully higher dividend yield (8.36% vs 2.92%).
- Gaming and Leisure Properties is more profitable, keeping 51.7 cents of every revenue dollar as net income versus 2.2 cents for Iron Mountain (Delaware)Common Stock REIT.
- Iron Mountain (Delaware)Common Stock REIT grew revenue faster in its latest fiscal year (+12.23% vs +4.13%).
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 · REIT - Specialty · 20 employees
About Iron Mountain (Delaware)Common Stock REIT
IRM stock →Iron Mountain Incorporated is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs.
Real Estate · REIT - Specialty · 29,400 employees
GLPI vs IRM FAQ
Which is bigger, Gaming and Leisure Properties or Iron Mountain (Delaware)Common Stock REIT?
Iron Mountain (Delaware)Common Stock REIT (IRM) is larger, with a market capitalization of $34.46B compared with $11.32B for Gaming and Leisure Properties (GLPI).
Which stock has performed better over the past year, GLPI or IRM?
IRM returned +9.67% over the past 12 months, compared with -17.47% for GLPI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, GLPI or IRM?
GLPI has the lower trailing P/E at 11.0, versus 82.7 for IRM. 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, Gaming and Leisure Properties or Iron Mountain (Delaware)Common Stock REIT?
Gaming and Leisure Properties has the higher yield at 8.36%, compared with 2.92% for Iron Mountain (Delaware)Common Stock REIT.
Are Gaming and Leisure Properties and Iron Mountain (Delaware)Common Stock REIT in the same industry?
Yes. Both are classified in the REIT - Specialty industry within the Real Estate sector.