8-K Announcements
6Apr 24, 2026·SEC
Mar 10, 2026·SEC
Mar 5, 2026·SEC
Gaming and Leisure Properties, Inc. (GLPI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when GLPI posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Gaming and Leisure Properties, Inc. (GLPI) stock price & volume — 10-year historical chart
Gaming and Leisure Properties, Inc. (GLPI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Gaming and Leisure Properties, Inc. (GLPI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $1.02vs $0.79+29.0% | $420Mvs $409M+2.7% |
| Q1 2026 | Feb 19, 2026 | $0.95vs $0.76+25.8% | $407Mvs $405M+0.4% |
| Q4 2025 | Oct 30, 2025 | $0.97vs $0.96+1.0% | $398Mvs $406M-2.2% |
| Q3 2025 | Jul 24, 2025 | $0.96vs $0.96+0.0% | $395Mvs $401M-1.4% |
Gaming and Leisure Properties, Inc. (GLPI) competitors in Experiential and Specialty Net Lease — business model, growth, and fundamentals comparison
Gaming and Leisure Properties, Inc. (GLPI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Gaming and Leisure Properties, Inc. (GLPI) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 971.31M | 1.06B | 1.15B | 1.15B | 1.22B | 1.31B | 1.44B | 1.53B | 1.59B | 1.56B |
Revenue Growth % | 17.27% | 8.69% | 9.26% | -0.03% | 5.48% | 7.84% | 9.81% | 6.33% | 4.13% | 0.34% |
Property Operating Expenses | 189.16M | 194.24M | 117.14M | 85.74M | 90.43M | 52.35M | 45.93M | 47.67M | 604.22M | 590.66M |
Net Operating Income (NOI) | 782.15M▲ 0% | 861.49M▲ 10.1% | 1.04B▲ 20.3% | 1.07B▲ 3.0% | 1.13B▲ 5.5% | 1.26B▲ 11.8% | 1.39B▲ 10.7% | 1.48B▲ 6.4% | 990.54M▼ 33.2% | 965.38M▲ 0% |
NOI Margin % | 80.53% | 81.6% | 89.84% | 92.56% | 92.57% | 96.01% | 96.81% | 96.89% | 62.11% | 62.04% |
Operating Expenses | 176.63M | 208.22M | 318.91M | 258.15M | 284.15M | 229.42M | 325.76M | 353.19M | -210.79M | -247M |
G&A Expenses | 63.15M | 71.13M | 65.39M | 68.57M | 61.24M | 51.32M | 56.45M | 59.57M | 0 | 101.57M |
EBITDA | 971.31M | 996.27M | 976.39M | 1.05B | 1.09B | 1.28B | 1.35B | 1.4B | 1.48B | 1.49B |
EBITDA Margin % | 100% | 94.37% | 84.65% | 91.25% | 89.93% | 97.92% | 93.39% | 91.68% | 93.07% | 95.72% |
Depreciation & Amortization | 365.79M | 402.46M | 258.97M | 243M | 252.05M | 254.55M | 276.42M | 273.42M | 282.94M | 213.66M |
D&A / Revenue % | 37.66% | 38.12% | 22.45% | 21.07% | 20.72% | 19.41% | 19.19% | 17.85% | 17.74% | 13.73% |
Operating Income | 605.52M▲ 0% | 593.81M▼ 1.9% | 717.42M▲ 20.8% | 809.27M▲ 12.8% | 841.77M▲ 4.0% | 1.03B▲ 22.4% | 1.07B▲ 3.8% | 1.13B▲ 5.8% | 1.2B▲ 6.2% | 1.28B▲ 0% |
Operating Margin % | 62.34% | 56.25% | 62.2% | 70.18% | 69.2% | 78.52% | 74.2% | 73.83% | 75.33% | 81.99% |
Interest Expense | 217.07M | 247.68M | 301.52M | 282.14M | 283.04M | 309.29M | 323.39M | 366.9M | 373.88M | 1000K |
Interest Coverage | 2.80x | 2.39x | 2.31x | 2.81x | 2.99x | 3.33x | 3.34x | 3.21x | 3.28x | - |
Non-Operating Income | -1.94M | 1.65M | 20.26M | 17.54M | -3.7M | 284K | -12.05M | -45.99M | -25.14M | -110.37M |
Pretax Income | 390.38M▲ 0% | 344.48M▼ 11.8% | 395.64M▲ 14.9% | 509.59M▲ 28.8% | 562.43M▲ 10.4% | 720.34M▲ 28.1% | 757.37M▲ 5.1% | 809.78M▲ 6.9% | 852.59M▲ 5.3% | 921.63M▲ 0% |
Pretax Margin % | 40.19% | 32.63% | 34.3% | 44.19% | 46.24% | 54.92% | 52.58% | 52.87% | 53.46% | 59.23% |
Income Tax | 9.79M | 4.96M | 4.76M | 3.88M | 28.34M | 17.05M | 2M | 2.13M | 2.23M | 2.23M |
Effective Tax Rate % | 2.51% | 1.44% | 1.2% | 0.76% | 5.04% | 2.37% | 0.26% | 0.26% | 0.26% | 0.24% |
Net Income | 380.6M▲ 0% | 339.52M▼ 10.8% | 390.88M▲ 15.1% | 505.71M▲ 29.4% | 534.05M▲ 5.6% | 684.65M▲ 28.2% | 734.28M▲ 7.2% | 784.62M▲ 6.9% | 825.11M▲ 5.2% | 891.76M▲ 0% |
Net Margin % | 39.18% | 32.16% | 33.89% | 43.85% | 43.91% | 52.2% | 50.98% | 51.23% | 51.74% | 57.31% |
Net Income Growth % | 31.56% | -10.79% | 15.13% | 29.38% | 5.6% | 28.2% | 7.25% | 6.86% | 5.16% | 15.01% |
Funds From Operations (FFO) | 746.39M▲ 0% | 741.98M▼ 0.6% | 649.85M▼ 12.4% | 748.71M▲ 15.2% | 786.1M▲ 5.0% | 939.2M▲ 19.5% | 1.01B▲ 7.6% | 1.06B▲ 4.7% | 1.11B▲ 4.7% | 1.16B▲ 0% |
FFO Margin % | 76.84% | 70.28% | 56.34% | 64.93% | 64.63% | 71.6% | 70.17% | 69.08% | 69.48% | 74.86% |
FFO Growth % | 17.18% | -0.59% | -12.42% | 15.21% | 4.99% | 19.48% | 7.61% | 4.68% | 4.73% | 22.71% |
FFO per Share | 3.51 | 3.45 | 3.01 | 3.41 | 3.33 | 3.70 | 3.81 | 3.87 | 3.96 | 4.16 |
FFO Payout Ratio % | 70.92% | 74.18% | 90.66% | 30.79% | 80.64% | 82.08% | 82.51% | 78.51% | 78.69% | 56.9% |
EPS (Diluted) | 1.79▲ 0% | 1.58▼ 11.7% | 1.81▲ 14.6% | 2.30▲ 27.1% | 2.26▼ 1.7% | 2.70▲ 19.5% | 2.77▲ 2.6% | 2.87▲ 3.6% | 2.94▲ 2.4% | 3.19▲ 0% |
EPS Growth % | 11.88% | -11.73% | 14.56% | 27.07% | -1.74% | 19.47% | 2.59% | 3.61% | 2.44% | 10666.67% |
EPS (Basic) | 1.80 | 1.59 | 1.82 | 2.31 | 2.27 | 2.71 | 2.78 | 2.87 | 2.95 | - |
Diluted Shares Outstanding | 212.75M | 214.78M | 215.79M | 219.77M | 236.23M | 253.85M | 264.99M | 273.53M | 279.92M | 279.92M |
Gaming and Leisure Properties, Inc. (GLPI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 7.25B | 8.58B | 8.43B | 9.03B | 10.69B | 10.93B | 11.81B | 13.33B | 12.91B | 13.77B |
Asset Growth % | -1.66% | 18.36% | -1.67% | 7.11% | 18.33% | 2.24% | 8.02% | 12.91% | -3.16% | 17.2% |
Real Estate & Other Assets | 3.72B | 7.4B | 7.14B | 7.63B | 7.83B | 7.95B | 8.22B | 8.21B | 915.06M | 0 |
PP&E (Net) | 108.29M | 100.88M | 278.14M | 231.96M | 183.14M | 181.24M | 196.25M | 244.59M | 242.05M | 1.07B |
Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 |
Total Current Assets | 2.69B | 373.43M | 334.74M | 547.9M | 2B | 2.14B | 2.75B | 3.77B | 224.31M | 274.51M |
Cash & Equivalents | 29.05M | 25.78M | 26.82M | 486.45M | 724.6M | 239.08M | 683.98M | 462.63M | 224.31M | 274.51M |
Receivables | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
Other Current Assets | 0 | 0 | 0 | 59.35M | 77.73M | 0 | 39.04M | 0 | 0 | 0 |
Intangible Assets | 649.73M | 682.78M | 9.58M | 617.86M | 668.68M | 652.82M | 639.27M | 847.19M | 0 | 0 |
Total Liabilities | 4.79B | 6.31B | 6.36B | 6.36B | 7.3B | 6.81B | 7.3B | 8.69B | 7.9B | 8.73B |
Total Debt | 4.44B | 6.26B | 5.97B | 5.91B | 6.79B | 6.36B | 6.88B | 8.04B | 7.79B | 303.08M |
Net Debt | 4.41B | 6.23B | 5.94B | 5.42B | 6.07B | 6.13B | 6.19B | 7.58B | 7.57B | 28.57M |
Long-Term Debt | 4.44B | 5.85B | 5.52B | 5.75B | 6.55B | 6.13B | 6.63B | 7.74B | 7.43B | 0 |
Short-Term Borrowings | 0 | 402M | 46M | 0 | 0 | 0 | 0 | 0 | 23.47M | 303.08M |
Capital Lease Obligations | 1.23M | 1.11M | 184.96M | 152.2M | 237.25M | 235.76M | 251.11M | 305.76M | 342.2M | 951.09M |
Total Current Liabilities | 320.1M | 431.87M | 411.19M | 412.11M | 471.22M | 420.37M | 382.47M | 347.22M | 23.47M | 509.28M |
Accounts Payable | 715K | 2.51M | 1.01M | 375K | 63.54M | 6.56M | 7.01M | 5.8M | 0 | 0 |
Deferred Revenue | 232.02M | 293.91M | 328.49M | 333.06M | 329.07M | 324.77M | 284.89M | 228.51M | 205.79M | 206.2M |
Other Liabilities | -206.61M | -267.85M | -301.83M | 39.98M | 39.46M | 27.69M | 36.57M | 296.39M | -95.56M | 8.22B |
Total Equity | 2.46B▲ 0% | 2.27B▼ 7.8% | 2.07B▼ 8.4% | 2.68B▲ 29.0% | 3.39B▲ 26.7% | 4.12B▲ 21.5% | 4.51B▲ 9.5% | 4.65B▲ 3.0% | 5.01B▲ 7.8% | 5.04B▲ 0% |
Equity Growth % | 1% | -7.84% | -8.45% | 28.96% | 26.73% | 21.47% | 9.49% | 3.03% | 7.81% | 34.1% |
Shareholders Equity | 2.46B | 2.27B | 2.07B | 2.68B | 3.19B | 3.78B | 4.16B | 4.27B | 4.63B | 4.63B |
Minority Interest | 0 | 0 | 0 | 0 | 205.13M | 340.14M | 352.05M | 376.96M | 381.81M | 401.97M |
Common Stock | 2.13M | 2.14M | 2.15M | 2.33M | 2.47M | 2.61M | 2.71M | 2.74M | 2.83M | 2.83M |
Additional Paid-in Capital | 3.93B | 3.95B | 3.96B | 4.28B | 4.95B | 5.57B | 6.05B | 6.21B | 6.61B | 0 |
Retained Earnings | -1.48B | -1.69B | -1.89B | -1.61B | -1.77B | -1.8B | -1.9B | -1.94B | -1.99B | -1.98B |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 5.21% | 4.29% | 4.6% | 5.79% | 5.42% | 6.33% | 6.46% | 6.24% | 6.29% | 6.87% |
Return on Equity (ROE) | 15.56% | 14.37% | 18.01% | 21.3% | 17.61% | 18.24% | 17.02% | 17.14% | 17.09% | 17.89% |
Debt / Assets | 61.31% | 72.93% | 70.76% | 65.38% | 63.51% | 58.23% | 58.26% | 60.32% | 60.35% | 2.2% |
Debt / Equity | 1.81x | 2.76x | 2.88x | 2.21x | 2.00x | 1.55x | 1.53x | 1.73x | 1.56x | 0.06x |
Net Debt / EBITDA | 4.54x | 6.25x | 6.08x | 5.15x | 5.54x | 4.77x | 4.61x | 5.40x | 5.10x | 0.02x |
Book Value per Share | 11.55 | 10.55 | 9.61 | 12.17 | 14.35 | 16.22 | 17.02 | 16.98 | 17.89 | 17.99 |
Gaming and Leisure Properties, Inc. (GLPI) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 598.71M | 654.43M | 750.3M | 428.08M | 803.78M | 920.13M | 1.01B | 1.07B | 1.13B | 876.92M |
Operating CF Growth % | 16.4% | 9.31% | 14.65% | -42.95% | 87.76% | 14.48% | 9.7% | 6.28% | 5.28% | -77.37% |
Operating CF / Revenue % | 61.64% | 61.99% | 65.05% | 37.12% | 66.08% | 70.15% | 70.08% | 70.04% | 70.82% | 56.36% |
Net Income | 380.6M | 339.52M | 390.88M | 505.71M | 534.09M | 703.28M | 755.37M | 784.16M | 0 | 891.76M |
Depreciation & Amortization | 123.83M | 148.37M | 258.97M | 243M | 252.05M | 254.55M | 276.42M | 273.42M | 0 | -69.28M |
Stock-Based Compensation | 15.64M | 11.15M | 16.2M | 20M | 16.83M | 20.43M | 22.87M | 0 | 0 | -8.86M |
Other Non-Cash Items | 79.53M | 137.29M | 80.14M | -345.7M | -7.59M | -68.37M | -45.62M | -2.99M | 1.14B | 1.1B |
Working Capital Changes | -324K | 18.63M | 4.87M | 4.62M | 3.08M | 10.24M | 321K | 18.18M | -12.01M | 21.97M |
Cash from Investing | 698K | -1.51B | -2.82M | -9.49M | -1.03B | -354.49M | -650.83M | -1.61B | -308.76M | -842.76M |
Acquisitions (Net) | 0 | 0 | 0 | 5.88M | 58.99M | -148.71M | 0 | 0 | 0 | 0 |
Purchase of Investments | -83.25M | -1.55B | 0 | -5.9M | -592.24M | -129.05M | -463.19M | -1.09B | 0 | 0 |
Sale of Investments | 87.21M | 41.67M | 0 | 15K | 16.2M | 148.71M | 0 | 340.98M | 15.13M | -534.99M |
Other Investing | 3.95M | -1.51B | 200K | -5.88M | -497.58M | -201.42M | -140.2M | -852.46M | -323.88M | -307.77M |
Cash from Financing | -606.91M | 852.08M | -746.45M | 63.17M | 443.07M | -1.05B | 86.35M | 311.82M | -1.06B | 21.27M |
Dividends Paid | -529.37M | -550.43M | -589.13M | -230.52M | -633.9M | -770.86M | -833.98M | -830.72M | -871.87M | -662.81M |
Common Dividends | -529.37M | -550.43M | -589.13M | -230.52M | -633.9M | -770.86M | -833.98M | -830.72M | -871.87M | -662.81M |
Debt Issuance (Net) | -1000K | 1000K | -1000K | -248K | 1000K | -1000K | 1000K | 1000K | -1000K | 1.97M |
Share Repurchases | 0 | 0 | -255K | 0 | 0 | 0 | 0 | 0 | 0 | 14.8M |
Other Financing | 18.16M | -26.77M | -19.09M | -26.93M | -16.98M | -32.59M | -41.52M | -64M | -40.66M | -180.77M |
Net Change in Cash | -7.5M▲ 0% | -3.27M▲ 56.4% | 1.04M▲ 131.8% | 459.63M▲ 44095.0% | 238.14M▼ 48.2% | -485.51M▼ 303.9% | 444.9M▲ 191.6% | -221.35M▼ 149.8% | -238.32M▼ 7.7% | 55.44M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | -22.13M | 22.13M | 0 | 0 | 0 | 0 | 1K |
Cash at Beginning | 36.56M | 29.05M | 25.78M | 26.82M | 486.45M | 724.6M | 239.08M | 683.98M | 462.63M | 0 |
Cash at End | 29.05M | 25.78M | 26.82M | 486.45M | 724.6M | 239.08M | 683.98M | 462.63M | 224.31M | 0 |
Free Cash Flow | 595.46M▲ 0% | 650.13M▲ 9.2% | 747.28M▲ 14.9% | 424.47M▼ 43.2% | 787.58M▲ 85.5% | 896.1M▲ 13.8% | 961.93M▲ 7.3% | 1.03B▲ 7.4% | 824.97M▼ 20.1% | 585.39M▲ 0% |
FCF Growth % | 16.54% | 9.18% | 14.94% | -43.2% | 85.54% | 13.78% | 7.35% | 7.4% | -20.14% | -42.32% |
FCF / Revenue % | 61.3% | 61.58% | 64.79% | 36.81% | 64.75% | 68.32% | 66.78% | 67.45% | 51.73% | 37.62% |
Gaming and Leisure Properties, Inc. (GLPI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 3.51 | 3.45 | 3.01 | 3.41 | 3.33 | 3.7 | 3.81 | 3.87 | 3.96 | 4.16 |
FFO Payout Ratio | 70.92% | 74.18% | 90.66% | 30.79% | 80.64% | 82.08% | 82.51% | 78.51% | 78.69% | 56.9% |
NOI Margin | 80.53% | 81.6% | 89.84% | 92.56% | 92.57% | 96.01% | 96.81% | 96.89% | 62.11% | 62.04% |
Net Debt / EBITDA | 4.54x | 6.25x | 6.08x | 5.15x | 5.54x | 4.77x | 4.61x | 5.40x | 5.10x | 0.02x |
Debt / Assets | 61.31% | 72.93% | 70.76% | 65.38% | 63.51% | 58.23% | 58.26% | 60.32% | 60.35% | 2.2% |
Interest Coverage | 2.80x | 2.39x | 2.31x | 2.81x | 2.99x | 3.33x | 3.34x | 3.21x | 3.28x | - |
Book Value / Share | 11.55 | 10.55 | 9.61 | 12.17 | 14.35 | 16.22 | 17.02 | 16.98 | 17.89 | 17.99 |
Revenue Growth | 17.27% | 8.69% | 9.26% | -0.03% | 5.48% | 7.84% | 9.81% | 6.33% | 4.13% | 0.34% |
Gaming and Leisure Properties, Inc. (GLPI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 24, 2026·SEC
Mar 10, 2026·SEC
Mar 5, 2026·SEC
Gaming and Leisure Properties, Inc. (GLPI) stock FAQ — growth, dividends, profitability & financials explained
Gaming and Leisure Properties, Inc. (GLPI) reported $1.56B in revenue for fiscal year 2025. This represents a 639% increase from $210.6M in 2012.
Gaming and Leisure Properties, Inc. (GLPI) grew revenue by 4.1% over the past year. Growth has been modest.
Yes, Gaming and Leisure Properties, Inc. (GLPI) is profitable, generating $891.8M in net income for fiscal year 2025 (51.7% net margin).
Yes, Gaming and Leisure Properties, Inc. (GLPI) pays a dividend with a yield of 6.99%. This makes it attractive for income-focused investors.
Gaming and Leisure Properties, Inc. (GLPI) has a return on equity (ROE) of 17.1%. This is reasonable for most industries.
Gaming and Leisure Properties, Inc. (GLPI) generated Funds From Operations (FFO) of $1.16B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Gaming and Leisure Properties, Inc. (GLPI) offers a 6.99% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.