National Storage Affiliates Trust (NYSE:NSA) and Gaming and Leisure Properties (NASDAQ:GLPI) Financial Survey

National Storage Affiliates Trust (NYSE:NSA) and Gaming and Leisure Properties (NASDAQ:GLPI) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, valuation, institutional ownership, earnings, analyst recommendations, risk and profitability.

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%

Institutional & Insider 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 company insiders. Comparatively, 4.1% of Gaming and Leisure Properties shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Risk & Volatility

National Storage Affiliates Trust has a beta of 1.07, meaning that its stock price is 7% more volatile than the S&P 500. Comparatively, Gaming and Leisure Properties has a beta of 0.68, meaning that its stock price is 32% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent ratings and target prices for National Storage Affiliates Trust and Gaming and Leisure Properties, as provided by MarketBeat.com.

	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

National Storage Affiliates Trust presently has a consensus target price of $35.97, suggesting a potential downside of 13.40%. Gaming and Leisure Properties has a consensus target price of $52.50, suggesting a potential upside of 11.23%. Given Gaming and Leisure Properties’ stronger consensus rating and higher probable upside, analysts plainly believe Gaming and Leisure Properties is more favorable than National Storage Affiliates Trust.

Dividends

National Storage Affiliates Trust pays an annual dividend of $2.28 per share and has a dividend yield of 5.5%. Gaming and Leisure Properties pays an annual dividend of $3.12 per share and has a dividend yield of 6.6%. 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 increased its dividend for 1 consecutive years and Gaming and Leisure Properties has increased 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.

Earnings and Valuation

This table compares National Storage Affiliates Trust and Gaming and Leisure Properties”s gross 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	4.26	$73.78 million	$0.75	55.37
Gaming and Leisure Properties	$1.59 billion	8.39	$825.11 million	$3.15	14.98

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.

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.