Gaming and Leisure Properties, Inc. GLPI
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, including coverage of the landlord's interests, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. The Company also extends loans that produce fixed or variable returns which may convert into leased rent upon project completion or stabilization.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-24) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.59B | $825.11M | $282.94M | $1.51B | $1.13B |
| 2024 | $1.53B | $784.62M | $273.42M | $1.45B | $1.07B |
| 2023 | $1.44B | $734.28M | $276.42M | $1.36B | $1.01B |
| 2022 | $1.31B | $684.65M | $254.55M | $1.28B | $920.13M |
| 2021 | $1.22B | $534.05M | $252.05M | $1.10B | $803.78M |
| 2020 | $1.15B | $505.71M | $243.00M | $1.03B | $428.08M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-12 | 2026-06-12 | 2026-06-26 | 2026-05-20 | $0.82 | Quarterly |
| 2026-03-13 | 2026-03-13 | 2026-03-27 | 2026-02-18 | $0.78 | Quarterly |
| 2025-12-05 | 2025-12-05 | 2025-12-19 | 2025-11-24 | $0.78 | Quarterly |
| 2025-09-12 | 2025-09-12 | 2025-09-26 | 2025-08-28 | $0.78 | Quarterly |
| 2025-06-13 | 2025-06-13 | 2025-06-27 | 2025-05-15 | $0.78 | Quarterly |
| 2025-03-14 | 2025-03-14 | 2025-03-28 | 2025-02-20 | $0.76 | Quarterly |
| 2024-12-06 | 2024-12-06 | 2024-12-20 | 2024-11-25 | $0.76 | Quarterly |
| 2024-09-13 | 2024-09-13 | 2024-09-27 | 2024-08-28 | $0.76 | Quarterly |
| 2024-06-07 | 2024-06-07 | 2024-06-21 | 2024-05-20 | $0.76 | Quarterly |
| 2024-03-14 | 2024-03-15 | 2024-03-29 | 2024-02-26 | $0.76 | Quarterly |
| 2023-12-07 | 2023-12-08 | 2023-12-22 | 2023-11-22 | $0.73 | Quarterly |
| 2023-09-14 | 2023-09-15 | 2023-09-29 | 2023-08-30 | $0.73 | Quarterly |
| 2023-06-15 | 2023-06-16 | 2023-06-30 | 2023-06-01 | $0.72 | Quarterly |
| 2023-03-09 | 2023-03-10 | 2023-03-24 | 2023-02-22 | $0.97 | Special |
| 2022-12-08 | 2022-12-09 | 2022-12-23 | 2022-11-23 | $0.70 | Quarterly |
| 2022-09-15 | 2022-09-16 | 2022-09-30 | 2022-08-31 | $0.70 | Quarterly |
| 2022-06-09 | 2022-06-10 | 2022-06-24 | 2022-05-10 | $0.70 | Quarterly |
| 2022-03-10 | 2022-03-11 | 2022-03-25 | 2022-02-24 | $0.69 | Quarterly |
| 2021-12-23 | 2021-12-27 | 2022-01-07 | 2021-12-17 | $0.24 | Special |
| 2021-12-08 | 2021-12-09 | 2021-12-23 | 2021-11-29 | $0.67 | Quarterly |
| 2021-09-09 | 2021-09-10 | 2021-09-24 | 2021-08-27 | $0.67 | Quarterly |
| 2021-06-10 | 2021-06-11 | 2021-06-25 | 2021-05-20 | $0.67 | Quarterly |
| 2021-03-08 | 2021-03-09 | 2021-03-23 | 2021-02-23 | $0.65 | Quarterly |
| 2020-11-13 | 2020-11-16 | 2020-12-24 | 2020-11-06 | $0.12 | Quarterly |
Coverage (payout of operating cash flow): 81.29%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.