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6Apr 24, 2026·SEC
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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.
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
| Line item | 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
| Line item | 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 | 1.56x |
| Net Debt / EBITDA | 4.54x | 6.25x | 6.08x | 5.15x | 5.54x | 4.77x | 4.61x | 5.40x | 5.10x | 5.10x |
| 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
| Line item | 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 | 1.13B |
| 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% | 72.58% |
| 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 | 5.10x |
| 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 6.48%. 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 6.48% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Gaming and Leisure Properties, Inc. (GLPI) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates