REIT - Specialty
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5 / 10Stock Comparison
GLPI vs VICI vs MPW vs NNN vs WPC
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Diversified
REIT - Healthcare Facilities
REIT - Retail
REIT - Diversified
GLPI vs VICI vs MPW vs NNN vs WPC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | REIT - Specialty | REIT - Diversified | REIT - Healthcare Facilities | REIT - Retail | REIT - Diversified |
| Market Cap | $13.61B | $30.62B | $3.37B | $8.51B | $16.19B |
| Revenue (TTM) | $1.56B | $4.05B | $972M | $936M | $1.99B |
| Net Income (TTM) | $892M | $3.10B | $-199M | $387M | $517M |
| Gross Margin | 39.1% | 99.2% | 55.7% | 81.4% | 68.2% |
| Operating Margin | 82.0% | 98.7% | 38.1% | 63.3% | 43.3% |
| Forward P/E | 15.0x | 10.0x | 49.4x | 21.8x | 29.3x |
| Total Debt | $7.79B | $0.00 | $128M | $4.82B | $8.72B |
| Cash & Equiv. | $224M | $563M | $541M | $5M | $155M |
GLPI vs VICI vs MPW vs NNN vs WPC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Gaming and Leisure … (GLPI) | 100 | 139.1 | +39.1% |
| VICI Properties Inc. (VICI) | 100 | 146.0 | +46.0% |
| Medical Properties … (MPW) | 100 | 31.9 | -68.1% |
| NNN REIT, Inc. (NNN) | 100 | 142.4 | +42.4% |
| W. P. Carey Inc. (WPC) | 100 | 125.9 | +25.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: GLPI vs VICI vs MPW vs NNN vs WPC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
GLPI is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.
- Dividend streak 1 yrs, beta 0.19, yield 6.5%
- Rev growth 4.1%, EPS growth 2.4%, 3Y rev CAGR 6.7%
- 126.4% 10Y total return vs VICI's 118.2%
- Beta 0.19, yield 6.5%, current ratio 9.56x
VICI ranks third and is worth considering specifically for valuation efficiency.
- PEG 1.20 vs GLPI's 2.98
- Lower P/E (10.0x vs 29.3x)
- 76.7% margin vs MPW's -20.4%
MPW lags the leaders in this set but could rank higher in a more targeted comparison.
Among these 5 stocks, NNN doesn't own a clear edge in any measured category.
WPC carries the broadest edge in this set and is the clearest fit for sleep-well-at-night.
- Lower volatility, beta 0.02, current ratio 0.18x
- 8.9% FFO/revenue growth vs MPW's -2.4%
- Beta 0.02 vs MPW's 0.30
- +26.4% vs VICI's -3.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.9% FFO/revenue growth vs MPW's -2.4% | |
| Value | Lower P/E (10.0x vs 29.3x) | |
| Quality / Margins | 76.7% margin vs MPW's -20.4% | |
| Stability / Safety | Beta 0.02 vs MPW's 0.30 | |
| Dividends | 6.5% yield, 1-year raise streak, vs NNN's 5.3%, (1 stock pays no dividend) | |
| Momentum (1Y) | +26.4% vs VICI's -3.5% | |
| Efficiency (ROA) | 6.9% ROA vs MPW's -1.3% |
GLPI vs VICI vs MPW vs NNN vs WPC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
GLPI vs VICI vs MPW vs NNN vs WPC — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
VICI leads in 2 of 6 categories
WPC leads 2 • GLPI leads 0 • MPW leads 0 • NNN leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
VICI leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VICI is the larger business by revenue, generating $4.0B annually — 4.3x NNN's $936M. VICI is the more profitable business, keeping 76.7% of every revenue dollar as net income compared to MPW's -20.4%. On growth, MPW holds the edge at +14.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.6B | $4.0B | $972M | $936M | $2.0B |
| EBITDAEarnings before interest/tax | $1.5B | $4.0B | $663M | $867M | $1.4B |
| Net IncomeAfter-tax profit | $892M | $3.1B | -$199M | $387M | $517M |
| Free Cash FlowCash after capex | $585M | $2.5B | $0 | $464M | $1.1B |
| Gross MarginGross profit ÷ Revenue | +39.1% | +99.2% | +55.7% | +81.4% | +68.2% |
| Operating MarginEBIT ÷ Revenue | +82.0% | +98.7% | +38.1% | +63.3% | +43.3% |
| Net MarginNet income ÷ Revenue | +57.3% | +76.7% | -20.4% | +41.4% | +26.0% |
| FCF MarginFCF ÷ Revenue | +37.6% | +63.0% | +23.7% | +49.6% | +56.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -9.8% | +3.5% | +14.9% | +4.1% | +10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +38.3% | +60.8% | +123.2% | -2.0% | +40.4% |
Valuation Metrics
VICI leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 11.0x trailing earnings, VICI trades at a 69% valuation discount to WPC's 35.0x P/E. Adjusting for growth (PEG ratio), VICI offers better value at 1.32x vs GLPI's 3.25x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $13.6B | $30.6B | $3.4B | $8.5B | $16.2B |
| Enterprise ValueMkt cap + debt − cash | $21.2B | $30.1B | $3.0B | $13.3B | $24.8B |
| Trailing P/EPrice ÷ TTM EPS | 16.34x | 10.98x | -17.12x | 21.60x | 35.00x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.00x | 10.02x | 49.43x | 21.78x | 29.26x |
| PEG RatioP/E ÷ EPS growth rate | 3.25x | 1.32x | — | 1.94x | — |
| EV / EBITDAEnterprise value multiple | 14.26x | 8.23x | 105.41x | 15.89x | 19.28x |
| Price / SalesMarket cap ÷ Revenue | 8.53x | 7.64x | 3.47x | 9.18x | 9.43x |
| Price / BookPrice ÷ Book value/share | 2.69x | 1.08x | 0.74x | 1.91x | 2.01x |
| Price / FCFMarket cap ÷ FCF | 16.49x | 12.21x | 14.62x | 12.75x | 14.84x |
Profitability & Efficiency
Evenly matched — GLPI and VICI each lead in 4 of 9 comparable metrics.
Profitability & Efficiency
GLPI delivers a 17.9% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-4 for MPW. MPW carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to GLPI's 1.56x. On the Piotroski fundamental quality scale (0–9), GLPI scores 5/9 vs NNN's 4/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +17.9% | +11.0% | -4.3% | +8.8% | +6.3% |
| ROA (TTM)Return on assets | +6.9% | +6.7% | -1.3% | +4.1% | +2.9% |
| ROICReturn on invested capital | +7.3% | +7.6% | — | +4.8% | +3.5% |
| ROCEReturn on capital employed | +9.3% | +8.0% | — | +6.4% | +4.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 | 5 | 4 | 5 |
| Debt / EquityFinancial leverage | 1.56x | — | 0.03x | 1.09x | 1.07x |
| Net DebtTotal debt minus cash | $7.6B | -$563M | -$413M | $4.8B | $8.6B |
| Cash & Equiv.Liquid assets | $224M | $563M | $541M | $5M | $155M |
| Total DebtShort + long-term debt | $7.8B | $0 | $128M | $4.8B | $8.7B |
| Interest CoverageEBIT ÷ Interest expense | 3.28x | 4.45x | — | 2.93x | 2.73x |
Total Returns (Dividends Reinvested)
WPC leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GLPI five years ago would be worth $13,882 today (with dividends reinvested), compared to $4,439 for MPW. Over the past 12 months, WPC leads with a +26.4% total return vs VICI's -3.5%. The 3-year compound annual growth rate (CAGR) favors WPC at 5.8% vs MPW's -6.0% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +9.9% | +3.4% | +13.0% | +16.1% | +15.3% |
| 1-Year ReturnPast 12 months | +10.0% | -3.5% | +17.9% | +12.1% | +26.4% |
| 3-Year ReturnCumulative with dividends | +11.3% | +2.4% | -16.9% | +15.6% | +18.4% |
| 5-Year ReturnCumulative with dividends | +38.8% | +18.9% | -55.6% | +17.7% | +28.6% |
| 10-Year ReturnCumulative with dividends | +126.4% | +118.2% | +0.7% | +39.7% | +83.4% |
| CAGR (3Y)Annualised 3-year return | +3.6% | +0.8% | -6.0% | +4.9% | +5.8% |
Risk & Volatility
WPC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WPC is the less volatile stock with a 0.02 beta — it tends to amplify market swings less than MPW's 0.30 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WPC currently trades 97.6% from its 52-week high vs VICI's 84.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.19x | 0.22x | 0.30x | 0.15x | 0.02x |
| 52-Week HighHighest price in past year | $49.95 | $34.01 | $5.92 | $46.03 | $75.69 |
| 52-Week LowLowest price in past year | $41.17 | $26.55 | $3.95 | $38.90 | $59.34 |
| % of 52W HighCurrent price vs 52-week peak | +96.2% | +84.2% | +95.4% | +97.1% | +97.6% |
| RSI (14)Momentum oscillator 0–100 | 56.2 | 48.7 | 58.9 | 55.7 | 57.9 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 7.6M | 1.7M | 1.4M | 1.1M |
Analyst Outlook
Evenly matched — GLPI and NNN each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: GLPI as "Buy", VICI as "Buy", MPW as "Hold", NNN as "Hold", WPC as "Hold". Consensus price targets imply 11.7% upside for VICI (target: $32) vs -11.5% for MPW (target: $5). For income investors, GLPI offers the higher dividend yield at 6.48% vs WPC's 4.84%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Hold | Hold |
| Price TargetConsensus 12-month target | $51.17 | $32.00 | $5.00 | $46.06 | $73.20 |
| # AnalystsCovering analysts | 27 | 26 | 28 | 29 | 20 |
| Dividend YieldAnnual dividend ÷ price | +6.5% | +6.1% | — | +5.3% | +4.8% |
| Dividend StreakConsecutive years of raises | 1 | 8 | 0 | 9 | 1 |
| Dividend / ShareAnnual DPS | $3.11 | $1.74 | — | $2.36 | $3.57 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
VICI leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). WPC leads in 2 (Total Returns, Risk & Volatility). 2 tied.
GLPI vs VICI vs MPW vs NNN vs WPC: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is GLPI or VICI or MPW or NNN or WPC a better buy right now?
For growth investors, W.
P. Carey Inc. (WPC) is the stronger pick with 8. 9% revenue growth year-over-year, versus -2. 4% for Medical Properties Trust, Inc. (MPW). VICI Properties Inc. (VICI) offers the better valuation at 11. 0x trailing P/E (10. 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.
02Which has the better valuation — GLPI or VICI or MPW or NNN or WPC?
On trailing P/E, VICI Properties Inc.
(VICI) is the cheapest at 11. 0x versus W. P. Carey Inc. at 35. 0x. On forward P/E, VICI Properties Inc. is actually cheaper at 10. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: VICI Properties Inc. wins at 1. 20x versus Gaming and Leisure Properties, Inc. 's 2. 98x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — GLPI or VICI or MPW or NNN or WPC?
Over the past 5 years, Gaming and Leisure Properties, Inc.
(GLPI) delivered a total return of +38. 8%, compared to -55. 6% for Medical Properties Trust, Inc. (MPW). Over 10 years, the gap is even starker: GLPI returned +126. 4% versus MPW's +0. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — GLPI or VICI or MPW or NNN or WPC?
By beta (market sensitivity over 5 years), W.
P. Carey Inc. (WPC) is the lower-risk stock at 0. 02β versus Medical Properties Trust, Inc. 's 0. 30β — meaning MPW is approximately 1207% more volatile than WPC relative to the S&P 500. On balance sheet safety, Medical Properties Trust, Inc. (MPW) carries a lower debt/equity ratio of 3% versus 156% for Gaming and Leisure Properties, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — GLPI or VICI or MPW or NNN or WPC?
By revenue growth (latest reported year), W.
P. Carey Inc. (WPC) is pulling ahead at 8. 9% versus -2. 4% for Medical Properties Trust, Inc. (MPW). On earnings-per-share growth, the picture is similar: Medical Properties Trust, Inc. grew EPS 91. 8% year-over-year, compared to -3. 7% for NNN REIT, Inc.. Over a 3-year CAGR, VICI leads at 15. 5% 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.
06Which has better profit margins — GLPI or VICI or MPW or NNN or WPC?
VICI Properties Inc.
(VICI) is the more profitable company, earning 69. 3% net margin versus -20. 4% for Medical Properties Trust, Inc. — meaning it keeps 69. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VICI leads at 91. 1% versus 38. 1% for MPW. At the gross margin level — before operating expenses — VICI leads at 99. 2%, 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.
07Is GLPI or VICI or MPW or NNN or WPC more undervalued right now?
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, VICI Properties Inc. (VICI) is the more undervalued stock at a PEG of 1. 20x versus Gaming and Leisure Properties, Inc. 's 2. 98x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, VICI Properties Inc. (VICI) trades at 10. 0x forward P/E versus 49. 4x for Medical Properties Trust, Inc. — 39. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for VICI: 11. 7% to $32. 00.
08Which pays a better dividend — GLPI or VICI or MPW or NNN or WPC?
In this comparison, GLPI (6.
5% yield), VICI (6. 1% yield), NNN (5. 3% yield), WPC (4. 8% yield) pay a dividend. MPW does not pay a meaningful dividend and should not be held primarily for income.
09Is GLPI or VICI or MPW or NNN or WPC better for a retirement portfolio?
For long-horizon retirement investors, W.
P. Carey Inc. (WPC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 02), 4. 8% yield). Both have compounded well over 10 years (WPC: +83. 4%, MPW: +0. 7%), 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.
10What are the main differences between GLPI and VICI and MPW and NNN and WPC?
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; VICI is a mid-cap deep-value stock; MPW is a small-cap quality compounder stock; NNN is a small-cap income-oriented stock; WPC is a mid-cap income-oriented stock. GLPI, VICI, NNN, WPC pay a dividend while MPW does not, making them suitable for different income and tax situations. 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.
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