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Stock research / United States / GLPI · Real Estate Investment Trusts · Nasdaq

Gaming & Leisure Properties, Inc. (GLPI)

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Gaming & Leisure Properties, Inc. (GLPI) reported revenue of $431 million for Q2 FY2026, the quarter ended 30 June 2026, up 9.0% on the same quarter a year earlier. Net income was $228 million, up 50.8% on the year, and diluted earnings per share $0.80. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$431 millionup 9.0%
Net income$228 millionup 50.8%
Diluted EPS$0.80
QuarterQ2 FY2026ended 30 June 2026

Gaming & Leisure Properties (GLPI) in brief

Gaming & Leisure Properties (GLPI) reported revenue of $1.6 billion for fiscal 2025, the year ended 31 December 2025, up 4.1% on the year before.
Read moreNet income was $825 million and diluted earnings per share $2.95. Revenue was $1.5 billion in fiscal 2024, $1.4 billion in fiscal 2023, $1.3 billion in fiscal 2022 and $1.2 billion in fiscal 2021. Net income in the same years was $785 million, $734 million, $685 million and $534 million. Over the twelve months to 30 June 2026, Gaming & Leisure Properties reported revenue of $1.7 billion and net income of $969 million. Revenue grew 6.7% a year, compounded, over the five years to fiscal 2025. Gaming & Leisure Properties declared $3.16 a share in dividends over the last four quarters and had 291 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of Gaming & Leisure Properties was $11.1 billion, 11.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE19.4%
ROCE10.5%
Operating margin82.5%
Net margin58.5%
FCF marginn/a
Interest cover3.57
Debt to equity1.62
Cash conversion1.24
Share count, 1 year2.8%
Sales CAGR, 3 years6.7%
Profit CAGR, 3 years6.4%
EPS, TTM$3.41

At the close of 8 October 2026

Price$38.26
Market cap$11.1 billion
Stock P/E11.22
Price to book2.23
EV / EBITDA11.47
Dividend yield8.3%
Market cap / sales6.72
52-week high$49.82
52-week low$37.59
Price, 1 year-15.5%
Price CAGR, 3 years-6.4%
Price CAGR, 5 years-4.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Gaming & Leisure Properties, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
GLPIgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on GLPI

Filings16 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 new financial obligation; 1 shareholder vote; 1 material agreement; 1 termination of a material agreement
Planned insider sales11 Form 144 notices in twelve months, $3.8 million; latest 27 February 2026
Options tapeput/call 0.22 by open interest at the 8 October 2026 close; the straddle prices a 3.1% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Dodge & Cox; 3 Schedule 13D or 13G filings in twelve months
Insider trading11 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest9.9 million shares short, 2.80 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue360369376381385390395395398407420431
Operating income268295258293271308259242337363333332
Operating margin75%80%69%77%70%79%65%61%85%89%79%77%
Interest expense79.882.986.786.795.797.897.389.994.192.695.9101
Pre-tax income190218180215191224171157249276240236
Tax rate0%0%0%0%0%0%0%0%0%0%0%0%
Net income184211174208185217165151241267232228
Net margin51%57%46%55%48%56%42%38%61%66%55%53%
Diluted EPS$0.70$0.78$0.64$0.77$0.67$0.79$0.60$0.54$0.85$0.94$0.82$0.80
Operating cash flow253263258252270292252293240343270350
Capital expenditure12.70.10.07.18.9n/a12.921.157.3n/a111n/a
Free cash flow241263258245262n/a240272183n/a159n/a
Dividends paid192197206206209209209209221221221221
Shares outstanding267m271m272m272m274m274m275m283m283m283m283m291m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue5915758289711,0561,1531,1531,2161,3121,4401,5321,5951,655
Cost of revenuen/an/an/an/an/a74.756.753.00.00.0n/an/an/a
Gross profitn/an/an/an/an/a1,0791,0961,1631,3121,440n/an/an/a
Gross marginn/an/an/an/an/a93.5%95.1%95.6%100.0%100.0%n/an/an/a
Operating income2592574816065947178098421,0301,0691,1311,2011,366
Operating margin43.7%44.8%58.0%62.3%56.2%62.2%70.2%69.2%78.5%74.2%73.8%75.3%82.5%
Interest expense117124186217248302282283309323367374383
Pre-tax income1441362973903443965105627207578108531,000
Income tax5.17.47.59.85.04.83.928.317.12.02.12.22.3
Effective tax rate3.6%5.5%2.5%2.5%1.4%1.2%0.8%5.0%2.4%0.3%0.3%0.3%0.2%
Net income139128289381340391506534685734785825969
Net margin23.5%22.3%34.9%39.2%32.2%33.9%43.9%43.9%52.2%51.0%51.2%51.7%58.5%
Diluted EPS$1.18$1.08$1.60$1.79$1.58$1.81$2.30$2.26$2.70$2.77$2.87$2.95$3.41
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow2733205145996547504288049201,0091,0731,1291,203
Capital expenditure13916.10.30.10.00.00.513.90.20.10.1304n/a
Free cash flow1343045145996547504287909201,0091,073825n/a
Free cash flow margin22.7%52.8%62.1%61.6%62.0%65.0%37.1%64.9%70.1%70.1%70.0%51.7%n/a
Cash from investingn/an/a-3,2190.7-1,510-2.8-9.5-1,031-354-651-1,606-309-2,072
Cash from financingn/an/a2,699-607852-74663.2443-1,05186.4312-1,059583
Depreciation and amortisation107110116124148259243252255276273283280
Share-based compensation12.316.818.315.611.216.220.016.820.422.924.321.218.9
Dividends paid494252428529550589231634771834831872883
Dividend per share$2.48$2.18$2.32$2.50$2.57$2.74$2.50$2.86$2.85$3.15$3.04$3.10$3.16
Diluted shares, weighted118m118m181m213m215m216m220m236m254m265m274m280m286m
Shares outstanding at period endn/an/an/a213m214m0232m247m261m271m274m283m291m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-176-2542,4342,4582,2662,0742,6753,3904,1184,1574,2694,6264,983
Non-controlling interestn/an/an/an/an/an/an/an/an/a352377382398
Debt2,5702,5104,6654,4435,8535,7385,7556,5526,1286,6287,7367,2048,078
Other liabilities131191270346458622605748684670695698696
Total liabilities and equity2,5252,4487,3697,2478,5778,4349,03410,69010,93011,80713,07612,91014,155
Owned
Fixed assets13413011910810194.180.613.0n/an/an/an/an/a
Goodwill75.575.575.575.516.116.10.0n/an/an/an/an/an/a
Intangible assets9.69.69.69.69.69.60.0n/an/an/an/an/an/a
Investmentsn/an/an/an/an/an/an/an/an/a0.05610.0n/a
Cash and equivalents36.041.936.629.125.826.8486725239684463224319
Other assets2,2702,1917,1287,0248,4258,2888,4679,95310,69111,12312,05212,68513,836
Total assets2,5252,4487,3697,2478,5778,4349,03410,69010,93011,80713,07612,91014,155
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.7%6.7%6.7%5.8%
Profit growth, compounded20.5%10.3%6.4%34.8%
Return on equity, average16.6%17.3%18.0%17.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Trading

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Welltower Inc. WELL$160.3 billion102.313.3%-2.4%37.6%0.381.3%
Prologis, Inc. PLD$120.6 billion28.807.8%54.7%7.3%0.680.0%
Equinix Inc. EQIX$99.8 billion65.1110.7%21.8%9.6%1.381.9%
American Tower Corp. AMT$77.7 billion22.9391.4%44.8%6.6%8.594.1%
Digital Realty Trust, Inc. DLR$66.8 billion88.472.9%14.6%17.4%0.68n/a
Simon Property Group Inc. SPG$64.7 billion14.08104.1%47.4%15.0%6.474.3%
Realty Income Corp. O$51.3 billion39.543.2%20.1%10.9%0.635.9%
Public Storage PSA$50.1 billion27.2422.2%39.0%3.0%1.114.2%
Ventas, Inc. VTR$41.9 billion151.411.8%3.3%21.5%0.872.3%
Iron Mountain Inc. IRM$33.6 billion80.69n/a18.8%17.4%n/a3.0%
Crown Castle Inc. CCI$29.3 billionn/an/an/an/an/a6.2%
Extra Space Storage Inc. EXR$28.1 billion29.397.2%40.9%4.2%1.034.9%
All 91 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Morgan Stanley MS$294.6 billion15.1517.3%n/a18.0%3.372.1%
Goldman Sachs Group Inc. GS$257.2 billion13.6217.1%n/a17.8%3.571.9%
Charles Schwab Corp. SCHW$167.5 billion17.6120.1%n/a20.3%0.451.1%
BlackRock, Inc. BLK$165.8 billion25.5611.4%32.6%26.5%0.221.9%
Welltower Inc. WELL$160.3 billion102.313.3%-2.4%37.6%0.381.3%
Prologis, Inc. PLD$120.6 billion28.807.8%54.7%7.3%0.680.0%
CME Group Inc. CME$99.9 billion23.4516.3%65.1%5.1%0.131.8%
Equinix Inc. EQIX$99.8 billion65.1110.7%21.8%9.6%1.381.9%
Robinhood Markets, Inc. HOOD$97.6 billion47.1421.7%46.0%38.3%0.23n/a
Intercontinental Exchange, Inc. ICE$87.2 billion21.9413.7%40.7%6.9%0.671.3%
Blackstone Inc. BX$84.8 billion25.2139.0%47.2%17.2%1.484.2%
KKR & Co. Inc. KKR$80.4 billion28.5210.2%n/a31.1%1.721.5%
American Tower Corp. AMT$77.7 billion22.9391.4%44.8%6.6%8.594.1%
Brookfield Asset Management Ltd. BAM$72.8 billionn/an/a58.6%31.9%0.443.4%
Digital Realty Trust, Inc. DLR$66.8 billion88.472.9%14.6%17.4%0.68n/a
Apollo Global Management, Inc. APO$66.4 billion41.938.9%20.2%41.2%0.651.8%
Simon Property Group Inc. SPG$64.7 billion14.08104.1%47.4%15.0%6.474.3%
Nasdaq, Inc. NDAQ$51.9 billion26.9316.4%29.5%7.6%0.731.2%
Realty Income Corp. O$51.3 billion39.543.2%20.1%10.9%0.635.9%
Public Storage PSA$50.1 billion27.2422.2%39.0%3.0%1.114.2%
Ameriprise Financial Inc. AMP$44.1 billion12.0662.0%25.9%10.6%0.560.6%
Ventas, Inc. VTR$41.9 billion151.411.8%3.3%21.5%0.872.3%
Interactive Brokers Group, Inc. IBKR$38.9 billion34.5919.1%n/a21.3%0.000.0%
Ares Management Corp. ARES$36.2 billionn/a16.0%18.1%24.0%n/a4.3%
Iron Mountain Inc. IRM$33.6 billion80.69n/a18.8%17.4%n/a3.0%
Cboe Global Markets, Inc. CBOE$30.7 billion22.9224.1%34.7%11.7%0.260.9%
Raymond James Financial Inc. RJF$30.5 billion13.8318.2%n/a10.5%0.071.3%
Crown Castle Inc. CCI$29.3 billionn/an/an/an/an/a6.2%
Extra Space Storage Inc. EXR$28.1 billion29.397.2%40.9%4.2%1.034.9%
Nomura Holdings Inc. NMR *$27.7 billion12.659.8%n/a14.0%n/a4.3%
Vici Properties Inc. VICI$25.1 billion8.839.5%n/a4.4%0.587.9%
Texas Pacific Land Corp. TPL$24.7 billion45.6032.4%74.9%20.8%0.000.6%
T. Rowe Price Group, Inc. TROW$22.2 billion10.4520.2%30.8%7.0%0.004.9%
Vivmark Residential VMRK$22.2 billion25.678.3%28.2%2.8%0.574.7%
Royal Gold Inc. RGLD$19.6 billion25.249.7%61.4%93.5%0.050.8%
SBA Communications Corp. SBAC$18.0 billion18.32n/a47.6%5.4%n/an/a
Essex Property Trust, Inc. ESS$17.3 billion41.837.8%32.5%4.7%1.203.8%
Franklin Templeton Inc. BEN$16.4 billion22.046.9%9.7%7.9%0.204.0%
Host Hotels & Resorts, Inc. HST$15.4 billion15.0316.1%14.6%4.9%0.804.2%
Kimco Realty Corp. KIM$14.8 billion25.995.9%36.0%4.4%0.814.6%
Lamar Advertising Co. LAMR$14.8 billion26.5955.9%31.8%4.4%3.284.4%
W. P. Carey Inc. WPC$14.4 billion21.557.5%41.8%9.0%1.025.9%
Weyerhaeuser Co. WY$13.8 billion29.055.0%12.3%-2.6%0.564.4%
Annaly Capital Management Inc. NLY$13.7 billion4.4217.4%n/a27.5%2.0315.3%
SUN Communities Inc. SUI$13.7 billionn/an/an/an/a0.733.9%
Mid-America Apartment Communities, Inc. MAA$13.5 billion33.977.4%n/a0.8%1.055.2%
Carlyle Group Inc. CG$13.4 billion39.385.0%17.0%-41.9%1.913.7%
Invesco Ltd. IVZ$13.3 billionn/a-2.5%-7.1%12.2%0.132.8%
Omega Healthcare Investors Inc. OHI$13.2 billion15.7115.9%60.6%15.0%0.756.1%
Regency Centers Corp. REG$13.1 billion24.078.1%72.0%8.2%0.714.0%
Healthpeak Properties, Inc. DOC$12.8 billion52.913.1%5.1%5.5%1.286.6%
SEI Investments Co. SEIC$12.4 billion18.2128.3%28.9%11.1%0.011.0%
Equity Lifestyle Properties Inc. ELS$11.3 billion28.1223.6%26.2%2.5%1.883.6%
Stifel Financial Corp. SF$11.3 billion12.4315.9%n/a15.4%0.101.7%
Gaming & Leisure Properties, Inc. GLPI$11.1 billion11.2219.4%82.5%5.8%1.628.3%
American Homes 4 Rent AMH$11.0 billion24.206.8%14.8%4.3%0.753.9%
Evercore Inc. EVR$11.0 billion15.0840.1%21.4%45.4%0.291.2%
Udr, Inc. UDR$10.8 billion21.3817.8%40.8%1.5%1.985.1%
Eastgroup Properties Inc. EGP$10.5 billion34.238.5%40.5%11.0%0.453.0%
Affiliated Managers Group, Inc. AMG$10.0 billion13.5628.2%15.1%11.8%0.990.0%
American Healthcare Reit, Inc. AHR$9.8 billion74.183.3%19.2%16.4%0.242.0%
Camden Property Trust CPT$9.7 billion32.048.6%n/a0.5%1.284.3%
Bxp, Inc. BXP$9.5 billion31.895.8%28.3%1.9%3.035.1%
Federal Realty Investment Trust FRT$9.2 billion21.3113.0%47.9%8.0%1.424.2%
Jefferies Financial Group Inc. JEF$9.0 billionn/a7.8%n/a21.4%1.713.6%
Houlihan Lokey, Inc. HLI$8.5 billion21.1018.0%20.4%1.7%0.000.2%
InterDigital, Inc. IDCC$8.5 billion37.8725.1%43.8%-11.7%0.320.9%
CubeSmart CUBE$8.5 billion25.8713.0%39.8%3.9%1.355.6%
CareTrust Reit, Inc. CTRE$8.4 billion22.517.9%55.7%53.0%0.274.1%
Brixmor Property Group Inc. BRX$8.3 billion19.3414.3%n/a5.8%1.764.3%
Rexford Industrial Realty, Inc. REXR$8.3 billionn/a-5.2%39.3%0.5%0.434.6%
Agree Realty Corp. ADC$8.2 billion35.393.4%47.9%18.2%0.594.0%
Alexandria Real Estate Equities, Inc. ARE$7.9 billionn/a-6.6%-69.8%-8.4%0.8210.3%
First Industrial Realty Trust Inc. FR$7.9 billion21.6413.1%41.6%8.4%0.933.0%
NNN Reit, Inc. NNN$7.7 billion19.748.6%62.3%6.5%1.005.9%
Morningstar, Inc. MORN$7.6 billion19.2041.2%23.5%9.3%1.660.9%
Stag Industrial, Inc. STAG$6.9 billion27.606.8%37.6%9.6%0.954.2%
Vornado Realty Trust VNO$6.3 billion1,690.501.2%n/a1.4%1.292.2%
Healthcare Realty Trust Inc. HR$5.9 billionn/a-2.1%n/a-6.3%0.996.4%
Rayonier Inc. RYN$5.6 billionn/an/an/an/a0.3613.4%
Dolby Laboratories, Inc. DLB$5.5 billion24.878.8%17.7%0.6%0.002.4%
Kite Realty Group Trust KRG$4.8 billion14.8611.8%16.3%-5.9%0.995.2%
Sabra Health Care Reit, Inc. SBRA$4.8 billion72.462.4%n/a17.3%0.956.4%
Starwood Property Trust, Inc. STWD$4.7 billion21.983.5%1.5%11.8%2.9115.1%
Cousins Properties Inc. CUZ$4.6 billion693.000.1%68.0%11.9%0.834.6%
EPR Properties EPR$4.2 billion17.5011.4%55.1%4.5%1.436.5%
Federated Hermes, Inc. FHI$4.0 billion10.4232.9%27.1%15.0%0.282.4%
Kilroy Realty Corp. KRC$4.0 billion23.913.2%n/a-3.8%0.876.3%
Copt Defense Properties CDP$3.8 billion23.4110.7%30.3%4.5%1.703.6%
Independence Realty Trust, Inc. IRT$3.5 billion81.331.3%16.9%3.5%0.734.7%
Hamilton Lane Inc. HLNEn/an/a29.4%43.6%24.0%0.29n/a
55 companies share its SEC industry code (Real Estate Investment Trusts); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202424 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR
10-Q31 March 202425 April 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install