WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 77% more annual revenue ($2.82B vs $1.59B). GLPI leads profitability with a 51.7% profit margin vs 37.4%. SBAC appears more attractively valued with a PEG of 3.91. GLPI earns a higher WallStSmart Score of 61/100 (C+).

GLPI

Buy

61

out of 100

Grade: C+

Growth: 6.0Profit: 8.5Value: 7.3Quality: 5.3
Piotroski: 2/9Altman Z: 0.85

SBAC

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 8.0Value: 7.3Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GLPIUndervalued (+58.2%)

Margin of Safety

+58.2%

Fair Value

$110.68

Current Price

$45.63

$65.05 discount

UndervaluedFair: $110.68Overvalued
SBACUndervalued (+58.4%)

Margin of Safety

+58.4%

Fair Value

$459.11

Current Price

$165.15

$293.96 discount

UndervaluedFair: $459.11Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GLPI4 strengths · Avg: 9.0/10
Profit MarginProfitability
51.7%10/10

Keeps 52 of every $100 in revenue as profit

Operating MarginProfitability
89.3%10/10

Strong operational efficiency at 89.3%

P/E RatioValuation
15.6x8/10

Attractively priced relative to earnings

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

SBAC4 strengths · Avg: 9.5/10
Profit MarginProfitability
37.4%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

EPS GrowthGrowth
115.6%10/10

Earnings expanding 115.6% YoY

P/E RatioValuation
17.0x8/10

Attractively priced relative to earnings

Areas to Watch

GLPI4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
4.5%4/10

4.5% revenue growth

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
8.082/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.852/10

Distress zone — elevated risk

SBAC4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
3.7%4/10

3.7% revenue growth

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
3.912/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.142/10

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 51.7% and operating margin at 89.3%.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 37.4% and operating margin at 52.4%.

Bear Case : GLPI

The primary concerns for GLPI are Revenue Growth, Piotroski F-Score, PEG Ratio.

Bear Case : SBAC

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

Key Dynamics to Monitor

SBAC carries more volatility with a beta of 0.83 — expect wider price swings.

GLPI is growing revenue faster at 4.5% — sustainability is the question.

SBAC generates stronger free cash flow (241M), providing more financial flexibility.

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

Bottom Line

GLPI scores higher overall (61/100 vs 57/100), backed by strong 51.7% margins. SBAC offers better value entry with a 58.4% margin of safety. Both earn "Buy" and "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.

Gaming & Leisure Properties

REAL ESTATE · REIT - SPECIALTY · USA

Gaming & Leisure Properties, Inc. (GLPI) is a leading real estate investment trust (REIT) focused on the acquisition and management of gaming and related facility assets across the United States. The company operates a well-diversified portfolio, leasing properties to established gaming operators, which enables it to generate stable and resilient income streams buoyed by robust demand in the gaming sector. With its innovative investment approach, GLPI not only maximizes rental income but also provides operational flexibility to tenants, making it well-positioned to leverage emerging trends in the gaming and entertainment industries. For institutional investors seeking a strategic entry point into the intersection of real estate and gaming, GLPI represents a compelling investment opportunity aimed at delivering 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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