Earnings summaries and quarterly performance for Gaming & Leisure Properties.
Executive leadership at Gaming & Leisure Properties.
Board of directors at Gaming & Leisure Properties.
Research analysts who have asked questions during Gaming & Leisure Properties earnings calls.
Barry Jonas
Truist Securities
6 questions for GLPI
Also covers: BALY, BRSL, BYD +17 more
CB
Chad Beynon
Macquarie
6 questions for GLPI
Also covers: ACEL, AGS, AMC +31 more
Greg McGinniss
Scotiabank
6 questions for GLPI
Also covers: BRX, COLD, EPRT +14 more
Todd Thomas
KeyBanc Capital Markets
6 questions for GLPI
Also covers: AAT, AKR, BRX +21 more
Brad Heffern
RBC Capital Markets
5 questions for GLPI
Also covers: ADC, AMH, AVB +16 more
DK
David Katz
Jefferies Financial Group Inc.
5 questions for GLPI
Also covers: AGS, BALY, BYD +36 more
MG
Mitch Germain
Citizens JMP
5 questions for GLPI
Also covers: ADC, ALEX, BNL +17 more
RF
Robin Farley
UBS
5 questions for GLPI
Also covers: CCL, CHH, CUK +17 more
RK
Ronald Kamdem
Morgan Stanley
5 questions for GLPI
Also covers: AAT, ADC, AHR +37 more
AP
Anthony Paolone
JPMorgan Chase & Co.
4 questions for GLPI
Also covers: ALX, ARE, AVB +32 more
SR
Smedes Rose
Citigroup
4 questions for GLPI
Also covers: ADC, ALX, DEA +19 more
Dan Guglielmo
Capital One Financial Corporation
3 questions for GLPI
Also covers: ARKO, EPRT, LINE +3 more
Daniel Guglielmo
Capital One
3 questions for GLPI
Also covers: APC, ARKO, CHDN +8 more
Jay Kornreich
Wedbush Securities
3 questions for GLPI
Also covers: APLE, BNL, CTO +10 more
John Kilichowski
Wells Fargo & Company
3 questions for GLPI
Also covers: ADC, CTRE, EPR +17 more
Rich Hightower
Barclays
3 questions for GLPI
Also covers: ADC, AMH, APLE +23 more
CB
Caitlin Burrows
Goldman Sachs
2 questions for GLPI
Also covers: ALX, BNL, BRX +19 more
John DeCree
CBRE
2 questions for GLPI
Also covers: BYD, CZR, FLL +10 more
RV
Ravi Vaidya
Mizuho
2 questions for GLPI
Also covers: AAT, CUBE, EPRT +11 more
RH
Richard Hightower
Barclays PLC
2 questions for GLPI
Also covers: DEI, NNN, UDR
BR
Bennett Rose
Citigroup
1 question for GLPI
Also covers: ADC, DRH, EPR +8 more
Chris Darling
Green Street
1 question for GLPI
Also covers: APLE, DRH, HST +6 more
CM
Colin Mansfield
CBRE Institutional Research
1 question for GLPI
Also covers: BALY, LVS
HS
Haendel St. Juste
Mizuho Financial Group
1 question for GLPI
Also covers: AAT, ADC, AIV +21 more
Jenny Li
Morgan Stanley
1 question for GLPI
Also covers: ADC, EXR, PSA +1 more
MH
Michael Herron
Green Tree Advisors
1 question for GLPI
RM
R.J. Milligan
Raymond James
1 question for GLPI
Also covers: ADC, CTO, FCPT +5 more
WJ
William John Kilichowski
Wells Fargo
1 question for GLPI
Also covers: ADC, CTRE, EPR +14 more
Recent press releases and 8-K filings for GLPI.
Gaming and Leisure Properties, Inc. Reports Record Fourth Quarter and Full Year 2025 Results, Establishes 2026 Guidance, and Declares Dividend
GLPI
Earnings
Guidance Update
Dividends
- Gaming and Leisure Properties, Inc. (GLPI) announced record results for the fourth quarter and full year ended December 31, 2025, with total revenue of $407.0 million and Adjusted Funds from Operations (AFFO) of $290.0 million for Q4 2025.
- For the full year 2025, GLPI reported total revenue of $1,594.8 million and AFFO of $1,120.1 million.
- The company provided 2026 guidance, projecting AFFO between $1.207 billion and $1.222 billion, or $4.06 to $4.11 per diluted share.
- GLPI declared a first quarter 2026 dividend of $0.78 per share, payable on March 27, 2026.
- Recent strategic developments include the acquisition of Bally's Twin River Lincoln Casino Resort for $700 million and a $467 million commitment for the Live! Virginia Casino & Hotel development. The company's net financial leverage was 4.6x as of December 31, 2025, which is below its target range of 5.0x to 5.5x.
8 days ago
GLPI Provides 2026 AFFO Guidance and Updates on Capital Commitments
GLPI
Guidance Update
New Projects/Investments
M&A
- Gaming and Leisure Properties (GLPI) issued 2026 AFFO guidance between $1.207 billion and $1.222 billion, or $4.06 and $4.11 per diluted share.
- The company has a $2.6 billion pipeline of future capital commitments for deployment over the next 24 months, with $1.9 billion remaining after the $700 million acquisition of Bally's Lincoln.
- Key projects include Bally's Chicago, which has $740 million left to spend as of December 31, 2025, and is on schedule for a first half of 2027 opening, and Cordish Live! Virginia, with $440 million committed.
- GLPI's balance sheet is well-positioned with a leverage ratio of 4.6 times, and it expects $575 million to $650 million in development fundings in 2026, along with the $225 million acquisition of Penn's Aurora facility.
8 days ago
Gaming & Leisure Properties Reports Q4 2025 Results and Provides 2026 Guidance
GLPI
Earnings
Guidance Update
New Projects/Investments
- Gaming and Leisure Properties (GLPI) reported Q4 2025 total income from real estate increased by over $17 million compared to Q4 2024, driven by over $23 million in cash rent increases from acquisitions and escalations. The company provided 2026 AFFO guidance of $1.207 billion to $1.222 billion, or $4.06 to $4.11 per diluted share.
- The company's pipeline includes $2.6 billion in future capital commitments for deployment over the next 24 months, with the $700 million acquisition of Bally's Lincoln recently completed and an incremental $440 million committed to Cordish Live! Virginia. The $225 million acquisition of PENN's Aurora facility is expected in Q2 2026.
- The Bally's Chicago project has approximately $740 million left to spend as of December 31, 2025, and remains on schedule for a first-half 2027 opening. GLPI maintains a strong balance sheet with a 4.6x leverage ratio, and $363 million of forward equity is expected to settle on June 1, 2026.
8 days ago
GLPI Announces Q4 2025 Results and 2026 Guidance
GLPI
Earnings
Guidance Update
New Projects/Investments
- Gaming & Leisure Properties (GLPI) reported Adjusted Funds from Operations (AFFO) per diluted common share of $0.99 and Diluted Earnings per Share of $0.94 for Q4 2025.
- The company provided 2026 guidance for AFFO per share between $4.06 and $4.11, with total AFFO projected to be between $1,207 million and $1,222 million.
- Recent strategic activities include the exercise of an option to acquire Bally's Twin River Lincoln Casino Resort for $700 million in February 2026, the acquisition of land for Live! Virginia Casino & Hotel for $27 million in January 2026, and the acquisition of Sunland Park Racetrack and Casino for $183.75 million in October 2025.
- GLPI declared and paid a quarterly dividend of $0.78 per share for Q4 2025.
8 days ago
Gaming & Leisure Properties Reports Q4 2025 Results and Provides 2026 Guidance
GLPI
Earnings
Guidance Update
New Projects/Investments
- Gaming & Leisure Properties reported Q4 2025 total income from real estate increased by over $17 million compared to Q4 2024, driven by over $23 million in cash rent increases from acquisitions and escalations, while operating expenses decreased by $37.8 million.
- The company issued 2026 AFFO guidance between $1.207 billion and $1.222 billion, or $4.06 to $4.11 per diluted share, which incorporates $575 million-$650 million in anticipated development fundings and the $225 million acquisition of Penn's Aurora facility.
- GLPI completed the $700 million acquisition of Bally's Lincoln at an 8% cap rate and has a pipeline of $2.6 billion in future capital commitments, with $1.9 billion remaining after the Lincoln acquisition.
- The Bally's Chicago project has approximately $740 million left to spend and is on schedule for a first half of 2027 opening, with the hotel tower surpassing the 20th floor. The company's balance sheet is well-positioned with a 4.6 times leverage ratio and strong tenant rent coverage ratios ranging from 1.69 times to 2.6 times.
8 days ago
GLPI Reports Record Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Declares Dividend
GLPI
Earnings
Guidance Update
Dividends
- Gaming and Leisure Properties, Inc. (GLPI) announced record results for the fourth quarter and full year ended December 31, 2025, with Total Revenue of $407.0 million and AFFO of $290.0 million for Q4 2025, and Total Revenue of $1,594.8 million and AFFO of $1,120.1 million for the full year.
- The company established AFFO guidance for the full year 2026, anticipating fundings of approximately $575 million to $650 million for current development projects, $225 million for PENN's Aurora facility, and the completion of the Lincoln acquisition for $700 million.
- GLPI's Board of Directors declared a first-quarter dividend of $0.78 per share on common stock, payable on March 27, 2026.
- As of December 31, 2025, GLPI had approximately $2.6 billion of future capital outlays in its pipeline, with recent significant transactions including the acquisition of Bally’s Twin River Lincoln Casino Resort for $700 million and a $467 million commitment for the Live! Virginia Casino & Hotel development.
- The company's net financial leverage was 4.6x as of December 31, 2025, which is below its target range of 5.0x to 5.5x, positioning it to fulfill financial commitments without equity and drive accretive AFFO growth.
Feb 19, 2026, 9:15 PM
Gaming & Leisure Properties Acquires Bally's Lincoln Real Estate
GLPI
M&A
New Projects/Investments
- Gaming and Leisure Properties, Inc. (GLPI) acquired the real estate assets of Bally's Lincoln from Bally's Corporation for $700.0 million.
- The transaction includes an initial cash rent of $56.0 million, reflecting an 8.0% capitalization rate and a 12.5x purchase multiple.
- The acquisition is expected to be immediately accretive to GLPI's adjusted funds from operation (AFFO) per share and is primarily funded through debt.
- Bally's Lincoln, which generated over $490.0 million in gross gaming revenue in 2025, will be added to the GLPI Bally's Master Lease II agreement.
Feb 11, 2026, 9:15 PM
Gaming and Leisure Properties, Inc. Reports Record Q3 2025 Results and Updates Full-Year Guidance
GLPI
Earnings
Guidance Update
New Projects/Investments
- Gaming and Leisure Properties, Inc. (GLPI) reported record third quarter 2025 financial results, with Total Revenue of $397.6 million, AFFO of $282.0 million, and Adjusted EBITDA of $366.4 million. Diluted earnings per share were $0.85 and AFFO per diluted share was $0.97.
- The company updated its full-year 2025 AFFO guidance to a range of $1.115 billion to $1.118 billion, or $3.86 to $3.88 per diluted share, reflecting recent financings and development projects.
- GLPI announced significant new investments, including the $183.75 million acquisition of Sunland Park Racetrack & Casino at an 8.2% cap rate, a $225 million commitment for Caesars Republic Sonoma County, and a $467 million commitment for Live! Casino & Hotel Virginia.
- During Q3 2025 and subsequent to quarter-end, GLPI funded $130 million for Hollywood Casino Joliet and $125.4 million for Bally's Chicago, and issued $1.3 billion in senior unsecured notes while selling 7.59 million shares under forward sale agreements for $363.3 million.
Oct 31, 2025, 3:16 PM
GLPI Reports Strong Q3 2025 Results and Raises Full-Year AFFO Guidance
GLPI
Earnings
Guidance Update
New Projects/Investments
- GLPI reported strong Q3 2025 results, with total income from real estate exceeding Q3 2024 by over $12 million and operating expenses decreasing by $53.5 million.
- The company increased its full-year 2025 AFFO guidance to a range of $3.86 to $3.88 per diluted share.
- In the last 60 days, GLPI deployed $875 million of capital across three transactions at a blended cap rate of 9.3%, which is expected to add over 5% to current annualized cash rent. The company also has over $3 billion in its transaction pipeline.
- GLPI strengthened its balance sheet by selling 7.6 million shares for $363.3 million and issuing $1.3 billion in new bonds, raising over $680 million of capital. Its leverage ratio stands at 4.4 times, which is below its target.
- The company indicated it is unlikely to tap the equity market at current valuations, preferring debt financing for future commitments, which would keep leverage at approximately 5.1 times.
Oct 31, 2025, 1:00 PM
GLPI Announces Q3 2025 Financial Results and Updated Guidance
GLPI
Earnings
Guidance Update
New Projects/Investments
- Gaming and Leisure Properties, Inc. reported Q3 2025 Diluted Earnings per Share of $0.85, Adjusted Funds from Operations (AFFO) of $282.0 million, and Adjusted EBITDA of $366.4 million.
- The company updated its 2025 current guidance, projecting AFFO between $1,115 million and $1,118 million and AFFO per share between $3.86 and $3.88.
- Recent strategic activities include the October 15, 2025 acquisition of Sunland Park Racetrack and Casino for $183.75 million (8.2% cap rate), a $467 million commitment for Cordish's Live! Virginia Casino & Hotel, and initial funding of $125.4 million for Bally's Chicago.
- Financing activities in Q3 2025 included the issuance of $600 million of Senior Notes due 2033 (5.25%) and $700 million of Senior Notes due 2037 (5.75%), alongside the redemption of $975 million of Senior Notes due 2026, and the sale of 7.59 million shares for $363.3 million.
Oct 31, 2025, 1:00 PM
Quarterly earnings call transcripts for Gaming & Leisure Properties.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more