Gaming and Leisure Properties (GLPI) vs SBA Communications (SBAC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
SBA Communications (SBAC) has outperformed Gaming and Leisure Properties (GLPI) over the past year, losing 9.6% versus a loss of 17.7%. Over five years, GLPI leads with a -23.4% price change compared with -47.9% for SBAC. SBA Communications is the larger company by market cap ($18.08 billion vs $11.32 billion), about 1.6 times the size.
On valuation, Gaming and Leisure Properties trades at a lower forward P/E (11.4x vs 20.8x for SBA Communications). Gaming and Leisure Properties offers the higher dividend yield (8.36% vs 2.77%). Gaming and Leisure Properties converts more of its revenue into profit, with a net margin of 51.7% versus 37.4%.
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 | SBAC |
|---|---|---|
| Share price | $37.78 | $170.38 |
| Market cap | $11.32B | $18.08B |
| 1-day change | -0.79% | +0.40% |
| YTD return | -15.46% | -11.92% |
| 1-year return | -17.71% | -9.63% |
| 5-year return | -23.41% | -47.88% |
| P/E ratio (TTM) | 11.05 | 18.38 |
| Forward P/E | 11.35 | 20.83 |
| EPS (TTM) | $3.42 | $9.27 |
| Dividend yield | 8.36% | 2.77% |
| Annual dividend | $3.16 | $4.72 |
| Revenue (latest FY) | $1.59B | $2.82B |
| Revenue growth (YoY) | +4.13% | +5.06% |
| Net income (latest FY) | $825.11M | $1.05B |
| Gross margin | — | 75.46% |
| Operating margin | 75.34% | 47.70% |
| Net margin | 51.74% | 37.43% |
| 52-week high | $49.95 | $224.46 |
| 52-week low | $37.33 | $156.60 |
| Distance from 52-week high | -24.36% | -24.09% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +37.06% | +32.76% |
| Average volume | 3.25M | 971.19K |
| Shares outstanding | 290.92M | 106.09M |
| Employees | 20 | 1,844 |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Specialty | 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
- SBA Communications trades at a higher earnings multiple (18.4x vs 11.0x trailing P/E).
- Gaming and Leisure Properties offers a meaningfully higher dividend yield (8.36% vs 2.77%).
- Gaming and Leisure Properties is more profitable, keeping 51.7 cents of every revenue dollar as net income versus 37.4 cents for SBA Communications.
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 SBA Communications
SBAC stock →SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements.
Real Estate · Real Estate Investment Trusts · 1,844 employees
GLPI vs SBAC FAQ
Which is bigger, Gaming and Leisure Properties or SBA Communications?
SBA Communications (SBAC) is larger, with a market capitalization of $18.08B compared with $11.32B for Gaming and Leisure Properties (GLPI).
Which stock has performed better over the past year, GLPI or SBAC?
SBAC returned -9.63% 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, GLPI or SBAC?
GLPI has the lower trailing P/E at 11.0, versus 18.4 for SBAC. 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 SBA Communications?
Gaming and Leisure Properties has the higher yield at 8.36%, compared with 2.77% for SBA Communications.
Are Gaming and Leisure Properties and SBA Communications in the same industry?
Both are in the Real Estate sector, but in different industries: REIT - Specialty for Gaming and Leisure Properties and Real Estate Investment Trusts for SBA Communications.