Headquartered in Wyomissing, PA Fiscal year ends December NASDAQ: GLPI glpropinc.com
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a real estate investment trust (REIT) that acquires, finances and owns real estate leased to gaming operators under triple-net leases. Tenants pay for facility maintenance, insurance, taxes and utilities. GLPI also makes loans with fixed or variable returns that may convert into lease rent once projects are completed or stabilized; examples include the Ione Loan, the Dry Creek delayed draw term loan and the Rockford loan.
As of September 30, 2026, GLPI held interests in 71 gaming and related facilities across 21 states, with 8 unique tenants:
- PENN Entertainment: 34 properties
- Bally's Corporation: 16 properties
- Caesars Entertainment: 6 properties
- Boyd Gaming: 4 properties
- The Cordish Companies: 3 properties
- Strategic Gaming Management: 4 properties
- American Racing & Entertainment: 1 property (Tioga Downs)
- Hard Rock International: manages 1 facility (Hard Rock Casino Rockford)
Two projects are under development: Bally's Chicago and Live! Casino & Hotel Virginia. About 87.6% of cash rent comes from publicly reporting gaming companies. The company reports no rent defaults since inception.
Rent is mostly governed by long-term master leases with annual escalators, some tied to coverage thresholds or CPI. Several leases also include percentage rent components that reset periodically. GLPI holds investment-grade issue ratings from S&P and Fitch (BBB-) and Ba1 from Moody's. It is also diversifying use of non-core land, including a planned industrial joint venture with Prologis at the former Hollywood Casino Joliet site. Updated
The GAAP miss traces to a $36.2 million non-cash credit-loss provision that swung against a year-ago benefit, masking a quarter where AFFO per share rose to $1.04. Management nudged up the low end of full-year AFFO guidance to $4.11 to $4.12, and the dividend still yields over 8.5%.
ADP is sending shareholders about $675 million, or $1.70 a share, with the money arriving October 1. Booking Holdings is next at roughly $316 million, followed by Gaming & Leisure Properties, Ryanair and Nasdaq.
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Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a real estate investment trust (REIT) that acquires, finances and owns real estate leased to gaming operators under triple-net leases. Tenants pay for facility maintenance, insurance, taxes and utilities.
The Wall Street consensus 12-month price target for GLPI is $49.11.
