GLPI vs NNN vs O vs ADC

For growth investors, Agree Realty Corporation (ADC) is the stronger pick with 16.

4% revenue growth year-over-year, versus 4. 1% for Gaming and Leisure Properties, Inc. (GLPI). Gaming and Leisure Properties, Inc. (GLPI) offers the better valuation at 16. 3x trailing P/E (15. 0x forward), making it the more compelling value choice. Analysts rate Gaming and Leisure Properties, Inc. (GLPI) a "Buy" — based on 27 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Gaming and Leisure Properties, Inc.

(GLPI) is the cheapest at 16. 3x versus Realty Income Corporation at 52. 8x. On forward P/E, Gaming and Leisure Properties, Inc. is actually cheaper at 15. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: NNN REIT, Inc. wins at 1. 94x versus Agree Realty Corporation's 113. 70x — a reasonable growth-adjusted valuation.

Over the past 5 years, Gaming and Leisure Properties, Inc.

(GLPI) delivered a total return of +33. 8%, compared to +15. 0% for NNN REIT, Inc. (NNN). Over 10 years, the gap is even starker: ADC returned +135. 6% versus NNN's +37. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Agree Realty Corporation (ADC) is the lower-risk stock at -0.

14β versus Gaming and Leisure Properties, Inc. 's 0. 19β — meaning GLPI is approximately -239% more volatile than ADC relative to the S&P 500. On balance sheet safety, Agree Realty Corporation (ADC) carries a lower debt/equity ratio of 53% versus 156% for Gaming and Leisure Properties, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Agree Realty Corporation (ADC) is pulling ahead at 16.

4% versus 4. 1% for Gaming and Leisure Properties, Inc. (GLPI). On earnings-per-share growth, the picture is similar: Realty Income Corporation grew EPS 19. 4% year-over-year, compared to -3. 7% for NNN REIT, Inc.. Over a 3-year CAGR, O leads at 19. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Gaming and Leisure Properties, Inc.

(GLPI) is the more profitable company, earning 51. 7% net margin versus 18. 4% for Realty Income Corporation — meaning it keeps 51. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GLPI leads at 75. 3% versus 28. 3% for O. At the gross margin level — before operating expenses — O leads at 89. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, NNN REIT, Inc. (NNN) is the more undervalued stock at a PEG of 1. 94x versus Agree Realty Corporation's 113. 70x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Gaming and Leisure Properties, Inc. (GLPI) trades at 15. 0x forward P/E versus 38. 9x for Agree Realty Corporation — 24. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ADC: 9. 4% to $83. 50.

All stocks in this comparison pay dividends.

Gaming and Leisure Properties, Inc. (GLPI) offers the highest yield at 6. 5%, versus 4. 0% for Agree Realty Corporation (ADC).

For long-horizon retirement investors, Agree Realty Corporation (ADC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.

14), 4. 0% yield, +135. 6% 10Y return). Both have compounded well over 10 years (ADC: +135. 6%, NNN: +37. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: GLPI is a mid-cap deep-value stock; NNN is a small-cap income-oriented stock; O is a mid-cap income-oriented stock; ADC is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.