GLPI · Gaming & Leisure Properties, Inc.
$38.82
-0.46 (-1.17%)
At close · Oct 19
Return incl. dividend (before tax)
Market Cap
$11.43B
Shares
290.92M
Volume · Oct 19
1.93M
Avg daily vol (3M)
3.21M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$38.82
Open$38.98
Day$38.51–39.08
52W close$37.59–49.82
Avg vol 30d3.2M
Short int10.2M · 3.5% float · 2.9d
Short vol52%
Last earningsOct 30, 2026
DataJan 2020–Oct 2026
Filing10-Q · Jul 30
Up next
Next earnings call
Oct 30, 2026
Scheduled
· in 1 wks
filed Jul 30, 2026
call held Jul 31, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.66B
Trailing 12 months
Net income (TTM)
$963.56M
Trailing 12 months
Revenue growth YoY
+9.0%
Year over year
Operating margin
82.5%
Trailing 12 months
P / AFFO
10.2×
Company-stated · FY2025 · reciprocal yield 9.8%
P / E (TTM)
11.5
Trailing earnings · reciprocal yield 8.7%
FCF yield
—
TTM · current market cap
Net cash
−$7.76B
Latest balance sheet
Dividend yield
8.1%
Trailing 12 months
Shares change YoY
+2.9%
Year over year · more shares
Price change (1Y)
-11.9%
Trailing year
Short interest
3.5%
Latest settlement · 2.9 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 31, 2026
Q2 FY26
TL;DR. GLPI reported record Q2 2026 results with AFFO up 10% year-over-year to $304.0 million, raised the midpoint of its full-year AFFO per share guidance to a range of $4.10–$4.12, and increased its quarterly dividend by 5.1% to $0.82 per share, supported by a $750–$800 million development spend pipeline and continued strong regional gaming tenant performance.
Bullish
- + Q2 AFFO grew 10.1% year-over-year to a record $304.0 million and Adjusted EBITDA grew 12.2% to a record $405.5 million.
- + Raised the midpoint of 2026 AFFO per share guidance to a range of $4.10–$4.12.
- + Increased the quarterly dividend by 5.1% to $0.82 per share, implying a 7.4% annualized yield.
- + Total income from real estate grew over $35 million year-over-year, driven by $43 million of cash income increases from acquisitions and escalations.
- + Completed the $225 million Aurora funding commitment at a 7.75% cap rate and expects an additional $400–$450 million in development funding across Chicago, Ione, Dry Creek and Virginia projects.
- + Balance sheet leverage of 4.8x is below the 5.0–5.5x target range and the company expects no need for additional equity to fund announced pipeline.
Bearish
- − Percentage rent resets for the Amended Pinnacle Master Lease, Boyd Master Lease and Belterra Park Lease lowered annual rent by $3.3 million.
- − Bally's Chicago development project carries execution risk tied to tenant permitting issues and competition from existing sweepstakes/VGT machines.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Bullish
Fundamentals
Strong
Quant / Vol
Very Low
Market backdrop
VIX 20 · elevated
Equity put/call 0.65
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−13%
below
Price vs 50-day avg
−4%
below
RSI (14)
46
neutral
MACD trend
Positive
52-week position
10%
near low
Momentum
relative strength
1-month return
−2%
trailing
6-month return
−19%
trailing
YTD return
−13%
this year
Relative strength
−27%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $41 › 200d $45 — 200d above 50d
Institutional flow
Accumulating
76 of 630 funds reported for Sep 30 · net +112.8K sh shares · +12 new
Insider flow
Accumulating
Net +$422.4K over 90 days · 0% sells
Short interest
Rising
3.51% of float · ▲ +2.9% MoM · 2.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
630 holders — near 3-yr high, broad support
Squeeze score
57
elevated · 0–100
Fundamentals
Revenue growth
+4%
Y/Y
EPS growth
+3%
Y/Y
Free cash flow
$1.1B
Valuation
P/E 11.5
below peers
Balance sheet
$4.6B
net debt
Quant / Vol
risk profile
Volatility
20%
annualized · 1-yr
Max drawdown
−25%
past year
ATR
1.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 31, 2026
for the year ending December 31, 2026
AFFO
Non-GAAP
Raised
$1.22B – $1.23B
Apr 24, 2026
$1.21B – $1.22B
changed to
Jul 31, 2026
$1.22B – $1.23B
AFFO per diluted share and OP/LTIP units
Non-GAAP
Raised
$4.10 – $4.12
Apr 24, 2026
$4.08 – $4.12
changed to
Jul 31, 2026
$4.10 – $4.12
Total development spending for 2026
$750M – $800M
In the second half of 2026
Additional development funding
$400M – $450M
2026
AFFO per Share
Non-GAAP
$4.10 – $4.12
Prior guidance
period ended
· from the Earnings Call filed Oct 31, 2025
AFFO per diluted share and OP units
· full year 2025
$3.86 – $3.88
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−13%
Bearish
Price vs 50-day avg
−4%
Neutral
RSI (14)
46
Neutral
MACD trend
Positive
Bullish
52-week position
10%
Bearish
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $41 › 200d $45 — 200d above 50d
Institutional flow
Accumulating
76 of 630 funds reported for Sep 30 · net +112.8K sh shares · +12 new
Insider flow
Accumulating
Net +$422.4K over 90 days · 0% sells
Short interest
Rising
3.51% of float · ▲ +2.9% MoM · 2.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
630 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $38
Now $39 · 10%
Range high $50
vs 200-day avg -13%
vs 50-day avg -4%
Illustrative 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 |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 798.5M | Six Months Ended June 30, 2026 | — |
| Adjusted funds from operations non-GAAP | 601.12M | Six Months Ended June 30, 2026 | — |
| AFFO, per diluted common share and OP/LTIP units non-GAAP | $1.03 | three months ended June 30, 2026 | — |
| Annualized dividend per share | $3.28 | three months ended June 30, 2026 | — |
| Bally's Chicago development funding to date | $475.7M | to date | — |
| Cash net operating income non-GAAP | 414.09M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA 405.49M
+13.25M General and administrative expenses
-4.64M Stock-based compensation
= Cash net operating income 414.09M
|
|||
| Development funding provided for Bally's Chicago | $176M | the second quarter | — |
| Dividend yield based on period end stock price | 7.4% | three months ended June 30, 2026 | — |
| Facilities in portfolio | 71 | as of June 30, 2026 | — |
| FFO non-GAAP | $302.3M | three months ended June 30, 2026 | — |
| FFO, per diluted common share and OP/LTIP units non-GAAP | $1.03 | three months ended June 30, 2026 | — |
| Funds from operations non-GAAP | 606.25M | Six Months Ended June 30, 2026 | — |
| Funds from Operations per Diluted Common Share & OP Units non-GAAP | $1.03 | 2Q26 | — |
| Net Financial Leverage | 4.78 | As of June 30, 2026 | — |
| Rent defaults since company inception | 0 | as of June 30, 2026 | — |
| Share of cash rent from gaming companies with public reporting | 87.3% | as of June 30, 2026 | — |
| States | 21 | as of June 30, 2026 | — |
| Total Enterprise Value | 20.9B | as of June 30, 2026 | — |
| Unique tenants | 8 | as of June 30, 2026 | — |
| Weighted-Average Cost of Debt | 5.07% | As of June 30, 2026 | — |
| Provision for credit losses | $3M | the three months ended June 30, 2026 filing | — |
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 |
|---|---|---|---|---|---|
|
GLPI
this stock
Gaming & Leisure Properties, Inc.
|
$11.43B | -13.1% | +4.1% | 11.5 | 3.5% |
|
EQIX
Equinix Inc
|
$96.27B | +27.4% | +7.8% | 62.8 | 1.6% |
|
AMT
American Tower Corp /Ma/
|
$84.76B | +4.2% | +5.1% | 25.0 | 1.6% |
|
DLR
Digital Realty Trust, Inc.
|
$60.79B | +11.8% | +10.0% | 80.2 | 2.6% |
|
CCI
Crown Castle Inc.
|
$34.47B | -8.8% | -4.4% | 41.1 | 2.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GLPI | +0.9% | -2.1% | -19.2% | +2.2% | -13.1% |
| SPY | -1.5% | -0.9% | +7.7% | +0.5% | +12.4% |
| vs SPY | +2.4% | -1.2% | -26.9% | +1.7% | -25.5% |
Capital returns
Latest dividend
$0.82
/ share · ex Sep 11, 2026
Paid (TTM)
$3.20
/ share · 4 payouts
Dividend yield (TTM, derived)
8.24%
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.
Key facts
CIK
1575965
CUSIP
36467J108
13F (30d)
89 filings
77 filers
Visit website
Investor relations