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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $9.6M, roughly 43.5× American Assets Trust, Inc.). On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -5.5%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -5.2%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
AAT vs GLPI — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $9.6M | $420.0M |
| Net Profit | — | $239.4M |
| Gross Margin | — | — |
| Operating Margin | — | 79.4% |
| Net Margin | — | 57.0% |
| Revenue YoY | -5.5% | 6.3% |
| Net Profit YoY | — | 40.5% |
| EPS (diluted) | $0.06 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $9.6M | $407.0M | ||
| Q3 25 | $10.1M | $397.6M | ||
| Q2 25 | $10.2M | $394.9M | ||
| Q1 25 | $9.9M | $395.2M | ||
| Q4 24 | $10.2M | $389.6M | ||
| Q3 24 | $11.4M | $385.3M | ||
| Q2 24 | $10.6M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | — | $267.3M | ||
| Q3 25 | $4.5M | $241.2M | ||
| Q2 25 | $5.5M | $151.4M | ||
| Q1 25 | $42.5M | $165.2M | ||
| Q4 24 | — | $217.2M | ||
| Q3 24 | $16.7M | $184.7M | ||
| Q2 24 | $11.9M | $208.3M |
| Q1 26 | — | 79.4% | ||
| Q4 25 | — | 89.3% | ||
| Q3 25 | — | 84.8% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | 65.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | — | 65.7% | ||
| Q3 25 | 44.6% | 60.7% | ||
| Q2 25 | 53.2% | 38.4% | ||
| Q1 25 | 429.3% | 41.8% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | 145.5% | 47.9% | ||
| Q2 24 | 111.9% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.06 | $0.96 | ||
| Q3 25 | $0.07 | $0.85 | ||
| Q2 25 | $0.09 | $0.54 | ||
| Q1 25 | $0.70 | $0.60 | ||
| Q4 24 | $0.14 | $0.79 | ||
| Q3 24 | $0.28 | $0.67 | ||
| Q2 24 | $0.20 | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $129.4M | $274.5M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.2B | $5.0B |
| Total Assets | $2.9B | $13.8B |
| Debt / EquityLower = less leverage | 1.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $129.4M | — | ||
| Q3 25 | $138.7M | — | ||
| Q2 25 | $143.7M | — | ||
| Q1 25 | $143.9M | — | ||
| Q4 24 | $425.7M | $560.8M | ||
| Q3 24 | $533.0M | $554.1M | ||
| Q2 24 | $114.9M | $347.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $2.0B | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.2B | $4.6B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $1.2B | $4.6B | ||
| Q1 25 | $1.2B | $4.2B | ||
| Q4 24 | $1.2B | $4.3B | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $1.2B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $2.9B | $12.9B | ||
| Q3 25 | $2.9B | $12.8B | ||
| Q2 25 | $3.0B | $12.5B | ||
| Q1 25 | $3.0B | $12.1B | ||
| Q4 24 | $3.3B | $13.1B | ||
| Q3 24 | $3.4B | $12.7B | ||
| Q2 24 | $3.0B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 1.72× | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $40.6M | — |
| Free Cash FlowOCF − Capex | $23.0M | — |
| FCF MarginFCF / Revenue | 238.4% | — |
| Capex IntensityCapex / Revenue | 182.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $94.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $40.6M | $343.2M | ||
| Q3 25 | $40.5M | $240.3M | ||
| Q2 25 | $49.2M | $293.4M | ||
| Q1 25 | $36.9M | $252.5M | ||
| Q4 24 | $40.6M | $292.4M | ||
| Q3 24 | $52.4M | $270.4M | ||
| Q2 24 | $59.3M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $23.0M | — | ||
| Q3 25 | $23.1M | $183.0M | ||
| Q2 25 | $28.4M | $272.3M | ||
| Q1 25 | $20.4M | $239.6M | ||
| Q4 24 | $21.5M | $276.6M | ||
| Q3 24 | $28.0M | $261.5M | ||
| Q2 24 | $43.6M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 238.4% | — | ||
| Q3 25 | 228.3% | 46.0% | ||
| Q2 25 | 276.7% | 69.0% | ||
| Q1 25 | 206.1% | 60.6% | ||
| Q4 24 | 210.4% | 71.0% | ||
| Q3 24 | 244.4% | 67.9% | ||
| Q2 24 | 409.9% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 182.1% | — | ||
| Q3 25 | 172.4% | 14.4% | ||
| Q2 25 | 203.1% | 5.3% | ||
| Q1 25 | 166.0% | 3.3% | ||
| Q4 24 | 187.6% | 4.1% | ||
| Q3 24 | 213.5% | 2.3% | ||
| Q2 24 | 147.4% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.28× | ||
| Q3 25 | 8.98× | 1.00× | ||
| Q2 25 | 9.01× | 1.94× | ||
| Q1 25 | 0.87× | 1.53× | ||
| Q4 24 | — | 1.35× | ||
| Q3 24 | 3.15× | 1.46× | ||
| Q2 24 | 4.98× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
