Gaming & Leisure Properties/$GLPI
1D1W1MYTD1Y5YMAX
Capital at risk
About Gaming & Leisure Properties
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
- Ticker
- $GLPI
- Sector
- Real Estate
- Primary listing
- NASDAQ
- Employees
- 20
- Headquarters
- Wyomissing, United States
- Website
- www.glpropinc.com
GLPI Metrics
BasicAdvanced
$11B
11.29
$3.41
0.69
$3.16
8.51%
Price and volume
Market cap
$11B
Beta
0.69
52-week high
$49.95
52-week low
$38.40
Average daily volume
4.1M
Dividend rate
$3.16
Financial strength
Current ratio
24.29
Quick ratio
22.195
Long term debt to equity
1.555
Total debt to equity
1.557
Dividend payout ratio (TTM)
93.07%
Interest coverage (TTM)
3.57%
Profitability
EBITDA (TTM)
1,647.783
Gross margin (TTM)
102.15%
Net profit margin (TTM)
58.53%
Operating margin (TTM)
82.62%
Effective tax rate (TTM)
0.23%
Revenue per employee (TTM)
$82,760,000
Management effectiveness
Return on assets (TTM)
6.41%
Return on equity (TTM)
19.35%
Valuation
Price to earnings (TTM)
11.295
Price to revenue (TTM)
6.606
Price to book
2.25
Price to tangible book (TTM)
2.25
Price to free cash flow (TTM)
9.086
Free cash flow yield (TTM)
11.01%
Free cash flow per share (TTM)
4.241
Dividend yield (TTM)
8.20%
Forward dividend yield
8.51%
Growth
Revenue change (TTM)
5.76%
Earnings per share change (TTM)
31.18%
3-year revenue growth (CAGR)
6.20%
10-year revenue growth (CAGR)
10.09%
3-year earnings per share growth (CAGR)
5.77%
10-year earnings per share growth (CAGR)
10.58%
3-year dividend per share growth (CAGR)
3.50%
10-year dividend per share growth (CAGR)
3.64%
What the Analysts think about GLPI
Analyst ratings (Buy, Hold, Sell) for Gaming & Leisure Properties stock.
Analyst projections of the future price of Gaming & Leisure Properties stock.
Bulls say / Bears say
GLPI delivered record second-quarter results: operating revenue rose 9.0%, AFFO rose 10.1% and adjusted EBITDA rose 12.2% year on year. Management also raised its 2026 AFFO-per-share guidance range to $4.10–$4.12. (Gaming and Leisure Properties)
The growth pipeline is sizeable and mostly contractual: GLPI expects $750m–$800m of development investment in 2026, while the $700m Bally’s Lincoln acquisition adds $56m of annual rent at an 8.0% cap rate. These projects give the REIT a route to further AFFO growth beyond existing lease escalators. (Gaming and Leisure Properties, Gaming and Leisure Properties)
Long master leases, cross-default provisions and solid rent cover support relatively predictable cash flow. Fitch said the portfolio is helped by geographic diversification and its focus on regional gaming markets, with reported coverage generally strong despite weaker tenant credit profiles. (Fitch Ratings)
Tenant concentration is a major risk: Penn generated roughly 56.3% of annualised first-quarter cash rent, while the main tenants generally have weaker credit profiles. A serious problem at Penn or another large operator could therefore affect a large portion of GLPI’s rent at once. (Fitch Ratings)
GLPI remains sensitive to financing conditions because long-term debt stood at about $8.08bn at 30 June 2026. Higher borrowing costs or difficult refinancing could reduce the spread on new investments and make future growth more dependent on issuing equity. (SEC filing, Gaming and Leisure Properties)
A significant part of the growth case depends on tenant-led construction projects rather than completed, rent-producing assets. For Bally’s Chicago, GLPI had funded $475.7m of a potential $940m commitment by 30 June, while related rental income was being deferred until the project is substantially complete, creating timing and execution risk. (SEC filing)
Data summarised monthly by Lightyear AI. Last updated on 25 Sept 2026.
GLPI Financial Performance
Revenues and expenses
GLPI Earnings Performance
Company profitability
Upcoming events
No upcoming events
GLPI News
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Funds containing GLPI
AllUSDGBPEUR
Fund name | Fund size | $GLPI weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.64% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.64% |
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.33% |
SPDR S&P 400 US Mid Cap£SPX4 | £4.7B | 0.33% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.15% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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