WallStSmart

Gaming & Leisure Properties (GLPI)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 76% more annual revenue ($2.85B vs $1.62B). GLPI leads profitability with a 55.1% profit margin vs 35.7%. GLPI appears more attractively valued with a PEG of 8.08. GLPI earns a higher WallStSmart Score of 67/100 (B-).

GLPI

Strong Buy

67

out of 100

Grade: B-

Growth: 7.3Profit: 8.5Value: 6.0Quality: 5.5
Piotroski: 4/9Altman Z: 0.62

SBAC

Hold

49

out of 100

Grade: D+

Growth: 4.0Profit: 8.0Value: 4.7Quality: 5.0
Piotroski: 5/9Altman Z: -0.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GLPIUndervalued (+23.3%)

Margin of Safety

+23.3%

Fair Value

$60.27

Current Price

$47.17

$13.10 discount

UndervaluedFair: $60.27Overvalued
SBACUndervalued (+0.8%)

Margin of Safety

+0.8%

Fair Value

$192.43

Current Price

$208.02

$15.59 discount

UndervaluedFair: $192.43Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GLPI5 strengths · Avg: 8.8/10
Profit MarginProfitability
55.1%10/10

Keeps 55 of every $100 in revenue as profit

Operating MarginProfitability
79.4%10/10

Strong operational efficiency at 79.4%

P/E RatioValuation
15.0x8/10

Attractively priced relative to earnings

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

EPS GrowthGrowth
36.4%8/10

Earnings expanding 36.4% YoY

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
35.7%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

Debt/EquityHealth
-3.2410/10

Conservative balance sheet, low leverage

Areas to Watch

GLPI3 concerns · Avg: 2.3/10
Debt/EquityHealth
1.813/10

Elevated debt levels

PEG RatioValuation
8.082/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.622/10

Distress zone — elevated risk

SBAC4 concerns · Avg: 2.3/10
Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
8.502/10

Expensive relative to growth rate

EPS GrowthGrowth
-14.7%2/10

Earnings declined 14.7%

Altman Z-ScoreHealth
-0.262/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : GLPI

The strongest argument for GLPI centers on Profit Margin, Operating Margin, P/E Ratio. Profitability is solid with margins at 55.1% and operating margin at 79.4%.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 35.7% and operating margin at 52.4%.

Bear Case : GLPI

The primary concerns for GLPI are Debt/Equity, PEG Ratio, Altman Z-Score. Debt-to-equity of 1.81 is elevated, increasing financial risk.

Bear Case : SBAC

The primary concerns for SBAC are Return on Equity, PEG Ratio, EPS Growth.

Key Dynamics to Monitor

SBAC carries more volatility with a beta of 0.98 — expect wider price swings.

GLPI is growing revenue faster at 6.3% — sustainability is the question.

SBAC generates stronger free cash flow (207M), providing more financial flexibility.

Monitor REIT - SPECIALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

GLPI scores higher overall (67/100 vs 49/100), backed by strong 55.1% margins. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Gaming & Leisure Properties

REAL ESTATE · REIT - SPECIALTY · USA

Gaming & Leisure Properties, Inc. (GLPI) is a leading real estate investment trust (REIT) focused on acquiring and managing high-quality gaming and related facility assets across the United States. Its robust portfolio features long-term leases with reputable gaming operators, providing a reliable and resilient income stream fueled by robust sector demand. Utilizing an innovative investment approach, GLPI not only maximizes rental income but also affords its tenants operational flexibility, enabling the company to adapt to the dynamic gaming and entertainment landscape. With its strategic positioning, GLPI offers institutional investors a compelling opportunity to gain exposure to the growing intersection of real estate and the gaming industry, promising attractive and consistent returns.

SBA Communications Corp

REAL ESTATE · REIT - SPECIALTY · USA

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.

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