GLPI's Q2 2026 results show accelerating revenue growth of 9.0% YoY and FFO per share up 33.0% to $1.07, driven by acquisitions and contractual rent escalators, while NOI margin remains stable at 64.8%. However, a nine-fold surge in capex to $193.8M compressed...
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Revenue grew 9.0% YoY to $430.5M with NOI up 12.2% and NOI margin steady at 64.8%, while FFO per share surged 33.0% to $1.07, indicating strong cash generation.
GLPI reported record first-quarter 2026 results, with revenues reaching $420 million and net income at $239.4 million. Adjusted Funds From Operations (AFFO) increased by 9.2% year-over-year to $297.1 million, and the company's earnings per share (EPS) of $0.82 surpassed analyst expectations of $0.77.
Management highlighted a pipeline of approximately $1.8 billion in capital commitments through 2027, with plans for $750 million to $800 million in development spend for 2026. This includes strategic acquisitions like the Bally's Lincoln acquisition and commitments for Live! Virginia, signaling continued expansion.
GLPI's business model involves acquiring, financing, and owning real estate properties leased to gaming operators under triple-net lease arrangements. This structure provides a steady stream of rental income, with tenants responsible for property taxes, insurance, and maintenance, minimizing operational risks.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $0.80+0.3% vs $0.80 | $431M+0.5% vs $429M |
Q2 2026 Apr 23, 2026 | $0.82+7.0% vs $0.77 | $420M+1.7% vs $413M |
Q1 2026 Feb 19, 2026 | $0.95+25.8% vs $0.76 | $407M+0.4% vs $405M |
Q4 2025 Oct 30, 2025 | $0.97+1.0% vs $0.96 | $398M-2.2% vs $406M |
WYOMISSING, Pa., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2026 third quarter financial results after the market close on Thursday, October 29, 2026. The Company will host a conference call at 10:00 a.m. ET on Friday, October 30, 2026.
REITs have evolved into a larger, more diversified, and better-capitalized asset class, now less sensitive to Treasury yields than in prior cycles. Modern REITs feature lower leverage (34.4% debt), predominantly fixed-rate, long-maturity debt, and strong liquidity, supporting resilience amid higher rates. Supply constraints and rising replacement costs create durable moats for select REIT sectors, especially those with HALO (Heavy Assets, Low Obsolescence) characteristics.
Corient Private Wealth LP cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) by 58.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,815 shares of the real estate investment trust's stock after selling 178,952
A yield above 6% gets attention, but the real question is whether the cash flow behind it survives the next quarter. Four names on this list pass that test, and one very recognizable brand just proved what happens when the answer is no.
Benchmark GLPI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Gaming and Leisure Properties, Inc. (GLPI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $39.25 | $11.12B | 13.35 | 4.13% | 51.74% | 17.09% | 7.94% | |
| $23.72 | $26.11B | 9.09 | 4.08% | 67.37% | 9.66% | — | |
| $5.65 | $3.37B | -17.12 | -2.36% | -20.44% | -4.21% | — | |
| $41.33 | $7.86B | 19.97 | 6.55% | 40.35% | 8.7% | — | |
| $66.49 | $15.15B | 31.51 | 8.89% | 34.33% | 7.81% | — | |
| $55.61 | $51.86B | 47.53 | 9.07% | 21.81% | 3.25% | — |
Gaming and Leisure Properties, Inc. (GLPI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Gaming and Leisure Properties, Inc. (GLPI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
Jun 5, 2026·SEC
Apr 24, 2026·SEC
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Gaming and Leisure Properties, Inc. (GLPI) stock FAQ — growth, dividends, profitability & financials explained
Gaming and Leisure Properties, Inc. (GLPI) reported $1.66B in revenue for fiscal year 2025. This represents a 686% 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 $968.7M 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 7.94%. 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 $1.25B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Gaming and Leisure Properties, Inc. (GLPI) offers a 7.94% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
