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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) 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 $18.9M, roughly 22.2× Bluerock Homes Trust, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -50.1%, a 107.1% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (36.9% vs 6.3%). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs 5.0%).

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

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.

BHM vs GLPI — Head-to-Head

Bigger by revenue
GLPI
GLPI
22.2× larger
GLPI
$420.0M
$18.9M
BHM
Growing faster (revenue YoY)
BHM
BHM
+30.7% gap
BHM
36.9%
6.3%
GLPI
Higher net margin
GLPI
GLPI
107.1% more per $
GLPI
57.0%
-50.1%
BHM
Faster 2-yr revenue CAGR
BHM
BHM
Annualised
BHM
30.1%
5.0%
GLPI

Income Statement — Q4 2025 vs Q1 2026

Metric
BHM
BHM
GLPI
GLPI
Revenue
$18.9M
$420.0M
Net Profit
$-9.5M
$239.4M
Gross Margin
Operating Margin
-48.8%
79.4%
Net Margin
-50.1%
57.0%
Revenue YoY
36.9%
6.3%
Net Profit YoY
-29.9%
40.5%
EPS (diluted)
$-0.75

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.

Revenue
BHM
BHM
GLPI
GLPI
Q1 26
$420.0M
Q4 25
$18.9M
$407.0M
Q3 25
$16.6M
$397.6M
Q2 25
$16.8M
$394.9M
Q1 25
$16.4M
$395.2M
Q4 24
$13.8M
$389.6M
Q3 24
$12.7M
$385.3M
Q2 24
$12.5M
$380.6M
Net Profit
BHM
BHM
GLPI
GLPI
Q1 26
$239.4M
Q4 25
$-9.5M
$267.3M
Q3 25
$-10.0M
$241.2M
Q2 25
$-5.8M
$151.4M
Q1 25
$-7.3M
$165.2M
Q4 24
$-7.3M
$217.2M
Q3 24
$3.5M
$184.7M
Q2 24
$-5.2M
$208.3M
Operating Margin
BHM
BHM
GLPI
GLPI
Q1 26
79.4%
Q4 25
-48.8%
89.3%
Q3 25
-57.6%
84.8%
Q2 25
-30.9%
61.3%
Q1 25
-42.6%
65.5%
Q4 24
-52.8%
79.1%
Q3 24
27.9%
70.4%
Q2 24
-41.3%
77.1%
Net Margin
BHM
BHM
GLPI
GLPI
Q1 26
57.0%
Q4 25
-50.1%
65.7%
Q3 25
-60.0%
60.7%
Q2 25
-34.7%
38.4%
Q1 25
-44.7%
41.8%
Q4 24
-52.8%
55.8%
Q3 24
27.9%
47.9%
Q2 24
-41.3%
54.7%
EPS (diluted)
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
$-0.75
$0.96
Q3 25
$-0.94
$0.85
Q2 25
$-0.66
$0.54
Q1 25
$-0.67
$0.60
Q4 24
$-0.65
$0.79
Q3 24
$0.24
$0.67
Q2 24
$-0.42
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHM
BHM
GLPI
GLPI
Cash + ST InvestmentsLiquidity on hand
$169.6M
$274.5M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$128.7M
$5.0B
Total Assets
$1.2B
$13.8B
Debt / EquityLower = less leverage
3.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHM
BHM
GLPI
GLPI
Q1 26
$274.5M
Q4 25
$169.6M
Q3 25
$2.1M
Q2 25
$4.2M
Q1 25
$3.0M
Q4 24
$115.2M
$560.8M
Q3 24
$155.1M
$554.1M
Q2 24
$116.0M
$347.8M
Total Debt
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
$428.4M
$7.2B
Q3 25
$415.9M
$7.2B
Q2 25
$338.6M
$6.9B
Q1 25
$336.5M
$6.9B
Q4 24
$373.8M
$7.7B
Q3 24
$122.5M
$7.4B
Q2 24
$119.7M
$6.6B
Stockholders' Equity
BHM
BHM
GLPI
GLPI
Q1 26
$5.0B
Q4 25
$128.7M
$4.6B
Q3 25
$131.7M
$4.6B
Q2 25
$135.3M
$4.6B
Q1 25
$137.1M
$4.2B
Q4 24
$139.1M
$4.3B
Q3 24
$142.9M
$4.3B
Q2 24
$142.5M
$4.1B
Total Assets
BHM
BHM
GLPI
GLPI
Q1 26
$13.8B
Q4 25
$1.2B
$12.9B
Q3 25
$222.1M
$12.8B
Q2 25
$220.3M
$12.5B
Q1 25
$186.2M
$12.1B
Q4 24
$967.0M
$13.1B
Q3 24
$800.8M
$12.7B
Q2 24
$756.2M
$11.8B
Debt / Equity
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
3.33×
1.56×
Q3 25
3.16×
1.57×
Q2 25
2.50×
1.51×
Q1 25
2.45×
1.63×
Q4 24
2.69×
1.81×
Q3 24
0.86×
1.74×
Q2 24
0.84×
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
BHM
BHM
GLPI
GLPI
Operating Cash FlowLast quarter
$-491.0K
Free Cash FlowOCF − Capex
$-4.2M
FCF MarginFCF / Revenue
-22.1%
Capex IntensityCapex / Revenue
19.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
$-491.0K
$343.2M
Q3 25
$13.4M
$240.3M
Q2 25
$13.9M
$293.4M
Q1 25
$951.0K
$252.5M
Q4 24
$5.0M
$292.4M
Q3 24
$1.7M
$270.4M
Q2 24
$1.3M
$252.1M
Free Cash Flow
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
$-4.2M
Q3 25
$8.7M
$183.0M
Q2 25
$8.8M
$272.3M
Q1 25
$-2.9M
$239.6M
Q4 24
$1.6M
$276.6M
Q3 24
$-601.0K
$261.5M
Q2 24
$-654.0K
$245.0M
FCF Margin
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
-22.1%
Q3 25
52.4%
46.0%
Q2 25
52.2%
69.0%
Q1 25
-17.6%
60.6%
Q4 24
11.8%
71.0%
Q3 24
-4.7%
67.9%
Q2 24
-5.2%
64.4%
Capex Intensity
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
19.6%
Q3 25
28.5%
14.4%
Q2 25
30.3%
5.3%
Q1 25
23.4%
3.3%
Q4 24
24.4%
4.1%
Q3 24
18.0%
2.3%
Q2 24
15.3%
1.9%
Cash Conversion
BHM
BHM
GLPI
GLPI
Q1 26
Q4 25
1.28×
Q3 25
1.00×
Q2 25
1.94×
Q1 25
1.53×
Q4 24
1.35×
Q3 24
0.47×
1.46×
Q2 24
1.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

GLPI
GLPI

Segment breakdown not available.

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