WallStSmart

American Tower Corp (AMT)vsGaming & Leisure Properties (GLPI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American Tower Corp generates 561% more annual revenue ($10.94B vs $1.66B). GLPI leads profitability with a 58.5% profit margin vs 31.1%. AMT appears more attractively valued with a PEG of 1.66. GLPI earns a higher WallStSmart Score of 70/100 (B-).

AMT

Strong Buy

70

out of 100

Grade: B-

Growth: 6.0Profit: 9.0Value: 5.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.36

GLPI

Strong Buy

70

out of 100

Grade: B-

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

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AMTUndervalued (+7.3%)

Margin of Safety

+7.3%

Fair Value

$194.60

Current Price

$177.85

$16.75 discount

UndervaluedFair: $194.60Overvalued
GLPIUndervalued (+21.9%)

Margin of Safety

+21.9%

Fair Value

$59.17

Current Price

$40.24

$18.93 discount

UndervaluedFair: $59.17Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AMT6 strengths · Avg: 9.5/10
Return on EquityProfitability
90.8%10/10

Every $100 of equity generates 91 in profit

Profit MarginProfitability
31.1%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
45.4%10/10

Strong operational efficiency at 45.4%

EPS GrowthGrowth
138.5%10/10

Earnings expanding 138.5% YoY

Market CapQuality
$82.87B9/10

Large-cap with strong market position

Free Cash FlowQuality
$1.17B8/10

Generating 1.2B in free cash flow

GLPI5 strengths · Avg: 8.8/10
Profit MarginProfitability
58.5%10/10

Keeps 59 of every $100 in revenue as profit

Operating MarginProfitability
77.5%10/10

Strong operational efficiency at 77.5%

P/E RatioValuation
12.2x8/10

Attractively priced relative to earnings

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

EPS GrowthGrowth
47.9%8/10

Earnings expanding 47.9% YoY

Areas to Watch

AMT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.664/10

Expensive relative to growth rate

Revenue GrowthGrowth
4.7%4/10

4.7% revenue growth

Price/BookValuation
22.3x2/10

Trading at 22.3x book value

Altman Z-ScoreHealth
0.362/10

Distress zone — elevated risk

GLPI3 concerns · Avg: 2.3/10
Debt/EquityHealth
1.683/10

Elevated debt levels

PEG RatioValuation
8.082/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.622/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : AMT

The strongest argument for AMT centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 31.1% and operating margin at 45.4%.

Bull Case : GLPI

The strongest argument for GLPI centers on Profit Margin, Operating Margin, P/E Ratio. Profitability is solid with margins at 58.5% and operating margin at 77.5%.

Bear Case : AMT

The primary concerns for AMT are PEG Ratio, Revenue Growth, Price/Book. Debt-to-equity of 12.09 is elevated, increasing financial risk.

Bear Case : GLPI

The primary concerns for GLPI are Debt/Equity, PEG Ratio, Altman Z-Score. Debt-to-equity of 1.68 is elevated, increasing financial risk.

Key Dynamics to Monitor

AMT profiles as a value stock while GLPI is a mature play — different risk/reward profiles.

AMT carries more volatility with a beta of 0.90 — expect wider price swings.

GLPI is growing revenue faster at 9.0% — sustainability is the question.

AMT generates stronger free cash flow (1.2B), providing more financial flexibility.

Bottom Line

AMT scores higher overall (70/100 vs 70/100), backed by strong 31.1% margins. GLPI offers better value entry with a 21.9% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

American Tower Corp

REAL ESTATE · REIT - SPECIALTY · USA

American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts.

Gaming & Leisure Properties

REAL ESTATE · REIT - SPECIALTY · USA

Gaming & Leisure Properties, Inc. (GLPI) is a premier real estate investment trust (REIT) specializing in the acquisition and management of high-quality gaming and gaming-related facilities across the United States. By establishing long-term leases with leading gaming operators, GLPI secures a stable and resilient income stream driven by strong sector demand. The company's strategic investment methodology enhances rental income while providing tenant operational flexibility, positioning GLPI as a key player in the evolving gaming and entertainment market. For institutional investors, GLPI represents a unique opportunity to gain exposure to a distinctive asset class at the intersection of real estate and the growing gaming sector, targeting consistent and attractive returns.

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