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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
Income Statement — Q4 2025 vs Q1 2026
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
GLPI
Segment breakdown not available.