vs
Side-by-side financial comparison of AvalonBay Communities (AVB) 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 $1.8M, roughly 228.8× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 57.0%, a 8983.6% gap on every dollar of revenue. 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 1.1%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
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.
AVB vs GLPI — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $1.8M | $420.0M |
| Net Profit | $166.0M | $239.4M |
| Gross Margin | — | — |
| Operating Margin | — | 79.4% |
| Net Margin | 9040.6% | 57.0% |
| Revenue YoY | 5.5% | 6.3% |
| Net Profit YoY | -41.2% | 40.5% |
| EPS (diluted) | $1.18 | — |
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 | $1.8M | $407.0M | ||
| Q3 25 | $1.9M | $397.6M | ||
| Q2 25 | $1.6M | $394.9M | ||
| Q1 25 | $1.7M | $395.2M | ||
| Q4 24 | $1.7M | $389.6M | ||
| Q3 24 | $1.7M | $385.3M | ||
| Q2 24 | $1.8M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $166.0M | $267.3M | ||
| Q3 25 | $381.3M | $241.2M | ||
| Q2 25 | $268.7M | $151.4M | ||
| Q1 25 | $236.6M | $165.2M | ||
| Q4 24 | $282.1M | $217.2M | ||
| Q3 24 | $372.5M | $184.7M | ||
| Q2 24 | $253.9M | $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 | 9040.6% | 65.7% | ||
| Q3 25 | 20390.7% | 60.7% | ||
| Q2 25 | 16854.8% | 38.4% | ||
| Q1 25 | 13581.9% | 41.8% | ||
| Q4 24 | 16212.2% | 55.8% | ||
| Q3 24 | 21708.6% | 47.9% | ||
| Q2 24 | 13876.2% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $1.18 | $0.96 | ||
| Q3 25 | $2.68 | $0.85 | ||
| Q2 25 | $1.88 | $0.54 | ||
| Q1 25 | $1.66 | $0.60 | ||
| Q4 24 | $1.99 | $0.79 | ||
| Q3 24 | $2.61 | $0.67 | ||
| Q2 24 | $1.78 | $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 | $187.2M | $274.5M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $5.0B |
| Total Assets | $22.2B | $13.8B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | — | ||
| Q2 25 | $102.8M | — | ||
| Q1 25 | $53.3M | — | ||
| Q4 24 | $108.6M | $560.8M | ||
| Q3 24 | $552.4M | $554.1M | ||
| Q2 24 | $545.8M | $347.8M |
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | $7.2B | ||
| Q3 25 | $8.7B | $7.2B | ||
| Q2 25 | $8.7B | $6.9B | ||
| Q1 25 | $8.3B | $6.9B | ||
| Q4 24 | $8.1B | $7.7B | ||
| Q3 24 | $8.4B | $7.4B | ||
| Q2 24 | $8.4B | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $11.6B | $4.6B | ||
| Q3 25 | $11.9B | $4.6B | ||
| Q2 25 | $11.9B | $4.6B | ||
| Q1 25 | $11.9B | $4.2B | ||
| Q4 24 | $11.9B | $4.3B | ||
| Q3 24 | $11.9B | $4.3B | ||
| Q2 24 | $11.7B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $22.2B | $12.9B | ||
| Q3 25 | $21.9B | $12.8B | ||
| Q2 25 | $21.8B | $12.5B | ||
| Q1 25 | $21.2B | $12.1B | ||
| Q4 24 | $21.0B | $13.1B | ||
| Q3 24 | $21.3B | $12.7B | ||
| Q2 24 | $21.0B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.56× | ||
| Q3 25 | 0.73× | 1.57× | ||
| Q2 25 | 0.72× | 1.51× | ||
| Q1 25 | 0.70× | 1.63× | ||
| Q4 24 | 0.68× | 1.81× | ||
| Q3 24 | 0.70× | 1.74× | ||
| Q2 24 | 0.71× | 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 | $400.4M | — |
| Free Cash FlowOCF − Capex | $322.5M | — |
| FCF MarginFCF / Revenue | 17563.8% | — |
| Capex IntensityCapex / Revenue | 4246.2% | — |
| Cash ConversionOCF / Net Profit | 2.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $400.4M | $343.2M | ||
| Q3 25 | $477.0M | $240.3M | ||
| Q2 25 | $377.8M | $293.4M | ||
| Q1 25 | $415.9M | $252.5M | ||
| Q4 24 | $328.8M | $292.4M | ||
| Q3 24 | $486.2M | $270.4M | ||
| Q2 24 | $380.0M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $322.5M | — | ||
| Q3 25 | $402.2M | $183.0M | ||
| Q2 25 | $317.1M | $272.3M | ||
| Q1 25 | $367.5M | $239.6M | ||
| Q4 24 | $271.9M | $276.6M | ||
| Q3 24 | $434.2M | $261.5M | ||
| Q2 24 | $333.0M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 17563.8% | — | ||
| Q3 25 | 21507.4% | 46.0% | ||
| Q2 25 | 19896.0% | 69.0% | ||
| Q1 25 | 21098.3% | 60.6% | ||
| Q4 24 | 15626.2% | 71.0% | ||
| Q3 24 | 25305.2% | 67.9% | ||
| Q2 24 | 18195.7% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4246.2% | — | ||
| Q3 25 | 3998.4% | 14.4% | ||
| Q2 25 | 3806.1% | 5.3% | ||
| Q1 25 | 2776.7% | 3.3% | ||
| Q4 24 | 3271.1% | 4.1% | ||
| Q3 24 | 3026.3% | 2.3% | ||
| Q2 24 | 2568.9% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.41× | 1.28× | ||
| Q3 25 | 1.25× | 1.00× | ||
| Q2 25 | 1.41× | 1.94× | ||
| Q1 25 | 1.76× | 1.53× | ||
| Q4 24 | 1.17× | 1.35× | ||
| Q3 24 | 1.31× | 1.46× | ||
| Q2 24 | 1.50× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
