BXP, Inc. (BXP) vs Gaming and Leisure Properties, Inc. (GLPI)
A side-by-side comparison of BXP, Inc. and Gaming and Leisure Properties, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — BXP vs GLPI
growth of $100 · dividends reinvested · last 10yBXP vs GLPI: by the numbers
- •GLPI is the larger company ($10.82B vs $9.54B market cap).
- •GLPI converts more revenue to profit (58.53% vs 8.44% net margin).
- •GLPI grew revenue faster over the past five years (6.17% vs 4.77% CAGR).
- •GLPI pays the higher dividend yield (8.44% vs 4.72%).
Metrics side by side
Valuation
| Metric | BXP | GLPI |
|---|---|---|
| P/E ratio | 32.15 | 11.10 |
| Forward P/E | 28.16 | 11.83 |
| PEG ratio | N/A | 2.21 |
| P/S ratio | 2.71 | 6.54 |
| P/B ratio | 1.85 | 2.17 |
| EV / EBITDA | 11.69 | 11.46 |
| FCF yield | 3.78% | 5.80% |
For REITs like BXP, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Gaming and Leisure Properties, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | BXP | GLPI |
|---|---|---|
| Gross margin | 60.56% | 62.11% |
| Operating margin | 55.71% | 82.61% |
| Net margin | 8.44% | 58.53% |
| ROE | 5.75% | 19.44% |
| ROIC | 4.89% | 9.87% |
Dividends
| Metric | BXP | GLPI |
|---|---|---|
| Dividend yield | 4.72% | 8.44% |
| Payout ratio | 150.54% | 93.02% |
BXP, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Gaming and Leisure Properties, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | BXP | GLPI |
|---|---|---|
| Revenue CAGR (5Y) | 4.77% | 6.17% |
| EPS CAGR (5Y) | -20.68% | 5.01% |
| FCF CAGR (5Y) | -15.57% | 1.04% |
| Total return CAGR (5Y) | -7.08% | 1.90% |
Frequently asked
- Which has grown faster, BXP or GLPI?
- Over the past five years, GLPI grew revenue faster — BXP at a 4.77% CAGR versus GLPI at 6.17%.
- Does BXP or GLPI pay a bigger dividend?
- BXP yields 4.72% and GLPI yields 8.44% based on trailing dividends and the latest price.
- Is BXP or GLPI more profitable?
- GLPI runs the higher net margin — BXP at 8.44% versus GLPI at 58.53%.
- How have BXP and GLPI total returns compared?
- Over the past 10 years, BXP delivered -3.46% and GLPI delivered 8.35% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
BXP & Gaming and Leisure Properties appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.