GLPI · Gaming & Leisure Properties, Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | 798.5M | Six Months Ended June 30, 2026 | — |
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| Adjusted funds from operations non-GAAP | 601.12M | Six Months Ended June 30, 2026 | — |
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| AFFO actual 2024 non-GAAP | $1.06B | FY2024 | — |
| AFFO actual 2025 non-GAAP | $1.12B | FY2025 | — |
| AFFO per Share actual 2024 non-GAAP | $3.77 | FY2024 | — |
| AFFO per Share actual 2025 non-GAAP | $3.88 | FY2025 | — |
| AFFO, per diluted common share and OP/LTIP units non-GAAP | $2.05 | Six Months Ended June 30, 2026 | — |
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| Annualized dividend per share | $3.28 | Three Months Ended June 30, 2026 | — |
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| Annualized dividend yield | 7.4% | Q2 2026 | — |
| Bally's Chicago cumulative funding to date | $475.7M | As of June 30, 2026 | — |
| Cash net operating income non-GAAP | 816.93M | Six Months Ended June 30, 2026 | — |
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| Cash rent from publicly-reporting gaming companies | 87.3% | Snapshot at June 30, 2026 | — |
| Development funding for Bally's Chicago during Q2 | $176M | Q2 2026 | — |
| Dividend per share | $0.82 | Q2 2026 | — |
| Dividend yield based on period end stock price | 7.4% | Three Months Ended June 30, 2026 | — |
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| FFO, per diluted common share and OP/LTIP units non-GAAP | $2.07 | Six Months Ended June 30, 2026 | — |
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| Funds from operations non-GAAP | 606.25M | Six Months Ended June 30, 2026 | — |
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| Ione Loan funded to date | $98.9M | As of June 30, 2026 | — |
| Ione Loan total commitment | $110M | As of June 30, 2026 | — |
| Last quarter annualized adjusted EBITDA non-GAAP | $1.62B | 2Q26 | — |
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| Net Financial Leverage non-GAAP | 4.78 | 2Q26 | — |
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| Net proceeds from forward sale settlement | $351M | Q2 2026 | — |
| PENN Aurora landside development cap rate | 7.75% | As of June 30, 2026 | — |
| Rent Defaults Since Company Inception | 0 | Snapshot at June 30, 2026 | — |
| States | 21 | Snapshot at June 30, 2026 | — |
| Total development commitment for Bally's Chicago | $940M | As of June 30, 2026 | — |
| Total Enterprise Value | $20.9B | Snapshot at June 30, 2026 | — |
| Unique Tenants | 8 | Snapshot at June 30, 2026 | — |
| Weighted-Average Cost of Debt non-GAAP | 5.07% | 2Q26 | — |
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| 2024 to Present Aggregate Transaction Size | $3.67B | 2024 to Present | — |
| Adjusted Funds from Operations (AFFO) non-GAAP | $297.14M | 1Q26 | — |
| Adjusted Funds from Operations per Diluted Common Share & OP Units non-GAAP | $1.02 | 1Q26 | — |
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| Cash rent from gaming companies with public reporting | 87.2% | March 31, 2026 | — |
| Development Total | $1.87B | March 31, 2026 | — |
| Funds from Operations (FFO) non-GAAP | $303.95M | 1Q26 | — |
| Number of gaming and related facilities in portfolio | 71 | As of March 31, 2026 | — |
| Total Commitments | $2.25B | March 31, 2026 | — |
| AFFO per Share non-GAAP | $3.88 | 2025 | — |
| AFFO, per diluted common share and OP units non-GAAP | $3.88 | Year Ended December 31, 2025 | — |
| Diluted common shares and OP/LTIP units non-GAAP | 288,359,451 | Year Ended December 31, 2025 | — |
| facilities under development for Bally's in Chicago, Illinois | 1 | As of December 31, 2025 | — |
| FFO, per diluted common share and OP units non-GAAP | $3.86 | Year Ended December 31, 2025 | — |
| Funds from Operations per Diluted Common Share & OP Units non-GAAP | $1.16 | 4Q25 | — |
| gaming and related facilities operated by Bally's Corporation | 15 | As of December 31, 2025 | — |
| gaming and related facilities operated by Boyd Gaming Corporation | 4 | As of December 31, 2025 | — |
| gaming and related facilities operated by Caesars Entertainment, Inc. | 6 | As of December 31, 2025 | — |
| gaming and related facilities operated by Cordish | 3 | As of December 31, 2025 | — |
| gaming and related facilities operated by PENN | 34 | As of December 31, 2025 | — |
| gaming and related facilities operated by Strategic Gaming Management, LLC | 4 | As of December 31, 2025 | — |
| gaming facility managed by a subsidiary of Hard Rock International | 1 | As of December 31, 2025 | — |
| interests in gaming and related facilities | 69 | As of December 31, 2025 | — |
| Properties | 69 | As of December 31, 2025 | — |
| states with facilities | 20 | As of December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Specialty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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GLPI
this stock
Gaming & Leisure Properties, Inc.
|
$12.38B | -4.8% | +4.1% | 12.4 | 3.1% |
|
EQIX
Equinix Inc
|
$103.05B | +36.3% | +7.8% | 67.2 | 1.7% |
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AMT
American Tower Corp /Ma/
|
$82.10B | +0.4% | +5.1% | 28.4 | 1.5% |
|
DLR
Digital Realty Trust, Inc.
|
$65.18B | +19.9% | +10.0% | — | 2.2% |
|
IRM
Iron Mountain Inc
|
$34.95B | +41.5% | +8.3% | 83.3 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GLPI | -2.3% | -5.0% | -13.1% | -5.0% | -4.8% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -2.7% | -8.0% | -26.5% | -8.0% | -17.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.