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Side-by-side financial comparison of EQUITY LIFESTYLE PROPERTIES INC (ELS) 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 $397.6M, roughly 1.1× EQUITY LIFESTYLE PROPERTIES INC). On growth, EQUITY LIFESTYLE PROPERTIES INC posted the faster year-over-year revenue change (6.3% vs 6.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 2.3%).
Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.
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.
ELS vs GLPI — Head-to-Head
Income Statement — Q1 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $397.6M | $420.0M |
| Net Profit | — | $239.4M |
| Gross Margin | — | — |
| Operating Margin | — | 79.4% |
| Net Margin | — | 57.0% |
| Revenue YoY | 6.3% | 6.3% |
| Net Profit YoY | — | 40.5% |
| EPS (diluted) | $0.56 | — |
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 | $397.6M | $420.0M | ||
| Q4 25 | $373.9M | $407.0M | ||
| Q3 25 | $393.3M | $397.6M | ||
| Q2 25 | $376.9M | $394.9M | ||
| Q1 25 | $387.3M | $395.2M | ||
| Q4 24 | $372.3M | $389.6M | ||
| Q3 24 | $387.3M | $385.3M | ||
| Q2 24 | $380.0M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $103.8M | $267.3M | ||
| Q3 25 | $100.4M | $241.2M | ||
| Q2 25 | $83.5M | $151.4M | ||
| Q1 25 | $114.4M | $165.2M | ||
| Q4 24 | $100.6M | $217.2M | ||
| Q3 24 | $86.9M | $184.7M | ||
| Q2 24 | $82.1M | $208.3M |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 26.5% | 89.3% | ||
| Q3 25 | 25.1% | 84.8% | ||
| Q2 25 | 22.3% | 61.3% | ||
| Q1 25 | 28.3% | 65.5% | ||
| Q4 24 | 27.3% | 79.1% | ||
| Q3 24 | 21.4% | 70.4% | ||
| Q2 24 | 21.5% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 27.8% | 65.7% | ||
| Q3 25 | 25.5% | 60.7% | ||
| Q2 25 | 22.2% | 38.4% | ||
| Q1 25 | 29.5% | 41.8% | ||
| Q4 24 | 27.0% | 55.8% | ||
| Q3 24 | 22.4% | 47.9% | ||
| Q2 24 | 21.6% | 54.7% |
| Q1 26 | $0.56 | — | ||
| Q4 25 | $0.52 | $0.96 | ||
| Q3 25 | $0.50 | $0.85 | ||
| Q2 25 | $0.42 | $0.54 | ||
| Q1 25 | $0.57 | $0.60 | ||
| Q4 24 | $0.51 | $0.79 | ||
| Q3 24 | $0.44 | $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 | — | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $5.0B |
| Total Assets | $5.7M | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $560.8M | ||
| Q3 24 | — | $554.1M | ||
| Q2 24 | — | $347.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $3.2B | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | $1.8B | $5.0B | ||
| Q4 25 | $1.8B | $4.6B | ||
| Q3 25 | $1.8B | $4.6B | ||
| Q2 25 | $1.7B | $4.6B | ||
| Q1 25 | $1.7B | $4.2B | ||
| Q4 24 | $1.7B | $4.3B | ||
| Q3 24 | $1.4B | $4.3B | ||
| Q2 24 | $1.4B | $4.1B |
| Q1 26 | $5.7M | $13.8B | ||
| Q4 25 | $5.7B | $12.9B | ||
| Q3 25 | $5.7B | $12.8B | ||
| Q2 25 | $5.7B | $12.5B | ||
| Q1 25 | $5.6B | $12.1B | ||
| Q4 24 | $5.6B | $13.1B | ||
| Q3 24 | $5.6B | $12.7B | ||
| Q2 24 | $5.6B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 1.84× | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELS
| Rental income | $339.0M | 85% |
| Other | $37.2M | 9% |
| Annual membership subscriptions | $18.3M | 5% |
| Membership upgrade revenue | $3.1M | 1% |
GLPI
Segment breakdown not available.
