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Gaming & Leisure Properties vs Equity Lifestyle Properties: GLPI and ELS compared
Gaming & Leisure Properties is the larger company: $435M of revenue in its latest quarter (Q3 FY26) against $410M for Equity Lifestyle Properties (Q3 2026). Gaming & Leisure Properties is growing faster (+10% against +4% a year earlier). Gaming & Leisure Properties is more profitable, with an operating margin of 71.2% against 24.6%.
Where the money goes: GLPI and ELS
Gaming & Leisure Properties (GLPI) · Q3 FY26
Gaming & Leisure Properties, Q3 FY26: revenue $435M (+10% year over year), operating margin 71.2%, net earnings $208M, operating cash flow $280M. The chart follows the revenue to costs, profit and cash.
Equity Lifestyle Properties (ELS) · Q3 2026
Equity Lifestyle Properties, Q3 2026: revenue $410M (+4% year over year), operating margin 24.6%, net earnings $89.2M, operating cash flow $152M. The chart follows the revenue to costs, profit and cash.
| Gaming & Leisure Properties (GLPI) | Equity Lifestyle Properties (ELS) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $435M | $410M |
| Revenue growth, Y/Y | +10% | +4% |
| Operating margin | 71.2% | 24.6% |
| Net earnings | $208M | $89.2M |
| Net margin | 47.7% | 21.8% |
| Operating cash flow | $280M | $152M |
| Free cash flow | — | $101M |
| Market value | $11.3B | $12.6B |
| P/E | 11.8× | 31.0× |
| Analysts’ mean target | $49.11 | $68.16 |
Questions
Which is bigger, Gaming & Leisure Properties or Equity Lifestyle Properties?
Gaming & Leisure Properties is the larger company: $435M of revenue in its latest quarter (Q3 FY26) against $410M for Equity Lifestyle Properties (Q3 2026).
Is Gaming & Leisure Properties or Equity Lifestyle Properties growing faster?
Gaming & Leisure Properties is growing faster (+10% against +4% a year earlier).
Which is more profitable, Gaming & Leisure Properties or Equity Lifestyle Properties?
Gaming & Leisure Properties is more profitable, with an operating margin of 71.2% against 24.6%.
More: Gaming & Leisure Properties earnings · how Gaming & Leisure Properties makes money · Equity Lifestyle Properties earnings · how Equity Lifestyle Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.