National Storage Affiliates Trust (NYSE:NSA – Get Free Report) and Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) are both finance companies, but which is the better business? We will compare the two companies based on the strength of their valuation, dividends, institutional ownership, analyst recommendations, risk, earnings and profitability.
Volatility and Risk
National Storage Affiliates Trust has a beta of 1.07, suggesting that its share price is 7% more volatile than the S&P 500. Comparatively, Gaming and Leisure Properties has a beta of 0.68, suggesting that its share price is 32% less volatile than the S&P 500.
Analyst Recommendations
This is a summary of recent ratings and price targets for National Storage Affiliates Trust and Gaming and Leisure Properties, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| National Storage Affiliates Trust | 1 | 13 | 0 | 0 | 1.93 |
| Gaming and Leisure Properties | 0 | 6 | 6 | 0 | 2.50 |
Earnings and Valuation
This table compares National Storage Affiliates Trust and Gaming and Leisure Properties”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| National Storage Affiliates Trust | $752.93 million | 4.38 | $73.78 million | $0.75 | 56.91 |
| Gaming and Leisure Properties | $1.59 billion | 8.49 | $825.11 million | $3.15 | 15.17 |
Gaming and Leisure Properties has higher revenue and earnings than National Storage Affiliates Trust. Gaming and Leisure Properties is trading at a lower price-to-earnings ratio than National Storage Affiliates Trust, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares National Storage Affiliates Trust and Gaming and Leisure Properties’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| National Storage Affiliates Trust | 10.48% | 6.46% | 1.54% |
| Gaming and Leisure Properties | 55.56% | 18.06% | 6.93% |
Dividends
National Storage Affiliates Trust pays an annual dividend of $2.28 per share and has a dividend yield of 5.3%. Gaming and Leisure Properties pays an annual dividend of $3.12 per share and has a dividend yield of 6.5%. National Storage Affiliates Trust pays out 304.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Gaming and Leisure Properties pays out 99.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. National Storage Affiliates Trust has raised its dividend for 1 consecutive years and Gaming and Leisure Properties has raised its dividend for 2 consecutive years. Gaming and Leisure Properties is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Insider & Institutional Ownership
100.0% of National Storage Affiliates Trust shares are held by institutional investors. Comparatively, 91.1% of Gaming and Leisure Properties shares are held by institutional investors. 13.7% of National Storage Affiliates Trust shares are held by insiders. Comparatively, 4.1% of Gaming and Leisure Properties shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Summary
Gaming and Leisure Properties beats National Storage Affiliates Trust on 13 of the 17 factors compared between the two stocks.
About National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.
About Gaming and Leisure Properties
Gaming & Leisure Properties, Inc. engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.
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