Gaming and Leisure Properties, Inc.

NasdaqGS:GLPI Stock Report

Market Cap: US$13.5b

Gaming and Leisure Properties Future Growth

Future criteria checks 2/6

Gaming and Leisure Properties is forecast to grow earnings and revenue by 6.5% and 5.7% per annum respectively. EPS is expected to grow by 3.1% per annum. Return on equity is forecast to be 20.7% in 3 years.

Key information

6.5%

Earnings growth rate

3.13%

EPS growth rate

Specialized REITs earnings growth7.9%
Revenue growth rate5.7%
Future return on equity20.74%
Analyst coverage

Good

Last updated01 Jun 2026

Recent future growth updates

No updates

Recent updates

Seeking Alpha • Apr 27

Gaming and Leisure Properties: The Numbers Don't Justify This Discount

Summary Gaming and Leisure Properties is reiterated as a Buy, supported by robust Q1 results and an attractive, sustainable 6.6% dividend yield. GLPI raised 2026 AFFO guidance to $1.212–$1.223 billion, reflecting strong rent hikes, acquisitions, and further supporting their $1.8 billion growth pipeline through 2027. Balance sheet remains solid with $274.5 million in cash, no debt maturities until 2028 following the recent debt issuance, and leverage at 4.96x, maintaining flexibility for expansion and dividend hikes. Macro risks, including inflation and higher-for-longer rates, could pressure expansion economics, but current valuation offers a solid margin of safety versus intrinsic value. Read the full article on Seeking Alpha
Seeking Alpha • Apr 07

Gaming and Leisure Properties: Time To Double-Down On This High Yield Bargain

Summary Gaming and Leisure Properties' recent price drop results in a 6.4% yield and presents a buy-the-dip opportunity for income investors. GLPI's resilient portfolio, long-term triple-net leases, and conservative balance sheet drive steady performance and predictable cash flows. Rent escalations and acquisitions drive growth this year, and a forward P/FFO below historical average offers attractive risk-adjusted returns. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

Gaming and Leisure Properties: Accretive Investment Spreads And An Attractive Total Return

Summary We maintain our buy recommendation on Gaming and Leisure Properties, Inc. stock due to a still attractive investment spread and a potential total return that exceeds fair value. With an 8.20% cap rate on recent acquisitions and a weighted average cost of capital of 7.37%, GLPI creates 83 basis points of value in the current environment. GLPI's total return potential of 9.90% materially exceeds the 8.36% hurdle rate given the risk profile of the asset. Despite some risks, GLPI stock offers value at current prices, with sufficient margins of safety and attractive potential returns for dividend income-oriented investors. Read the full article on Seeking Alpha
Seeking Alpha • Nov 13

Gaming And Leisure Properties: Growth Outlook Makes Them A Long-Term Buy

Summary Gaming and Leisure Properties, Inc. doesn't get enough credit in my opinion. GLPI's acquisitions, including the deal with Bally's, bolster its portfolio and future growth potential. GLPI's >6% yield, attractive valuation, and solid balance sheet make it a compelling buy. Despite market volatility and interest rate uncertainties, GLPI's fundamentals and growth prospects remain strong. Read the full article on Seeking Alpha
Seeking Alpha • Nov 05

Gaming and Leisure Properties REIT: Good Yield At A Fair Price

Summary Gaming and Leisure Properties offers geographic diversification with exposure to the gaming industry, trading at an attractive FFO multiple and providing a strong dividend yield. GLPI's high-quality portfolio spans 65 properties in 20 states, with major partners like Penn and Caesars, despite their high debt levels. The REIT benefits from long-term lease agreements, stable financials, and a 6.05% dividend yield, making it appealing for income investors. GLPI's unique market position provides stability and barriers to entry, but investors should monitor gambling regulations and industry trends. Read the full article on Seeking Alpha
Seeking Alpha • Oct 01

Gaming And Leisure Properties Closes A Land Deal Reinforcing Its 'Buy' Rating

Summary Gaming and Leisure Properties completed a $250M land acquisition in Chicago, securing an 8% cap rate, with further investments planned in partnership with Bally's Corporation. GLPI's total investment in the Chicago project will reach $1.19B, projected to yield a blended 8.4% initial return, enhancing AFFO gradually until December 2026. The Chicago land purchase is a key milestone, supporting one of the Company's most crucial partnerships and investment projects of the upcoming years. GLPI's cost of capital is estimated at 6.6%, resulting in a solid 1.8% spread, with potential free cash flow further increasing investment effectiveness. Read the full article on Seeking Alpha
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New Narrative • Aug 22

Decisive Acquisitions And Market Positioning Propel GLPI's Growth Despite Financial Risks

Strategic acquisitions and developments, like the Bally's transaction, indicate a focus on growth through diversified assets, likely affecting revenue and net margins positively.
Seeking Alpha • Aug 15

Gaming and Leisure Properties: Undervalued Despite Top-Tier Quarterly Results

Summary Gaming and Leisure Properties operates in a unique gaming property sector with strong value drivers and competitive advantages. GLPI delivered strong Q2 2024 results with top-tier business metrics and robust investment activity. The abovementioned realization of extensive investment volume delivered positive spreads, which led to an upward update of the AFFO per share guidance for 2024. The market seems to fail to recognize GLPI's value proposition. The Company's performance reaffirmed my previously assigned 'buy' rating. Read the full article on Seeking Alpha
Seeking Alpha • Jul 15

Good News For Gaming and Leisure Properties

Summary Gaming and Leisure Properties signed a term sheet for a $1.585b investment volume and its purchase option adjustment. The transaction is subject to several conditions and hasn't been closed yet. Nevertheless, the fundamental conditions outlined within the term sheet are highly favourable to GLPI. As a result, GLPI may secure an attractive spread on investment with long-term and CPI-linked rent escalators. Moreover, the company reduced the price related to its purchase option. Despite the recent price increase, GLPI's valuation remains attractive. Read the full article on Seeking Alpha
Seeking Alpha • May 21

Gaming and Leisure Properties: Outstanding Business Metrics Within A Unique Sector

Summary Gaming and Leisure Properties operates in the gaming properties sector, offering unique value drivers compared to other triple net lease REITs. It operated at a 100% occupancy rate since inception due to limited supply and regulations limiting tenants' movement, as well as strong triple net leases with favorable terms. GLPI remains immune to major secular trends and offers the potential for double-digit total returns through dividends, multiple appreciation, and further growth. Read the full article on Seeking Alpha
Seeking Alpha • May 01

Gaming and Leisure Properties: Place A Bet On This 7% Yield With Strong Upside Potential

Summary Gaming and Leisure Properties is a compelling buy for long-term investors, with a dividend yield near 7% and potential for double-digit upside. GLPI's recent earnings showed strong revenue growth and a healthy leverage ratio, giving them financial flexibility to navigate the higher for longer interest rate environment. The company's strong balance sheet and dividend coverage further support its potential for growth. Although the current payout ratio is slightly above management's target of 80%, GLPI's dividend is well-covered with AFFO. One of their tenants, Bally's, was placed on negative outlook by the S&P, and had their credit rating downgraded. This could have an impact on the company going forward. Read the full article on Seeking Alpha
Seeking Alpha • Mar 05

Gaming and Leisure Properties Q4: Near 7% Yield And Dividend Growth Make Them A Buy

Summary Gaming and Leisure Properties reported Q4 and although FFO ticked up by $0.01, revenue beat by nearly $7 million. For the full-year, FFO declined roughly 4% while revenue grew by double-digits over the same period. The revenue growth was primarily driven by recent acquisitions along with rent escalators. GLPI also announced a 4.1% dividend increase from $0.73 to $0.76. This puts the annualized dividend at $3.04, giving the REIT a payout ratio slightly above management's target payout ratio of 80%. Read the full article on Seeking Alpha
Seeking Alpha • Feb 07

VICI Properties Vs. Gaming and Leisure Properties: Game On!

Summary In a few weeks, I will provide a keynote speech at The MoneyShow in Las Vegas and conduct research on the casino sector. This article compares two gaming REITs, Gaming and Leisure Properties and VICI Properties in terms of their portfolios, tenants, debt metrics, and financial performance. So, who's rolling the dice with me? Read the full article on Seeking Alpha
Seeking Alpha • Jan 18

Gaming and Leisure Properties: Overshadowed By VICI Properties But A REIT To Own In 2024

Summary Gaming and Leisure Properties is a lesser-known REIT focused on growing its portfolio with accretive acquisitions. GLPI has been adding ground leases to its portfolio, providing stable income for many years to come, recently entering into a 99-year ground lease with Hard Rock Casino. The move into Las Vegas is expected to benefit GLPI as the city continues to grow and attract tourists and professional sports teams in the future. FFO has been flat quarter-over-quarter, but they've managed to increase rental income over the same period. Management has also been deleveraging its balance sheet and increasing liquidity. I wouldn't be surprised if the REIT received a credit upgrade in the near future. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:GLPI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,8981,072N/AN/A8
12/31/20271,8241,0031,2621,26218
12/31/20261,7239521,1841,18418
3/31/20261,6208911,1471,147N/A
12/31/20251,5958241,1291,129N/A
9/30/20251,5777741,0791,079N/A
6/30/20251,5657181,1091,109N/A
3/31/20251,5517751,0671,067N/A
12/31/20241,5327841,0731,073N/A
9/30/20241,5117781,0431,043N/A
6/30/20241,4857781,0261,026N/A
3/31/20241,4617251,0261,026N/A
12/31/20231,4407341,0091,009N/A
9/30/20231,408717967967N/A
6/30/20231,382753955955N/A
3/31/20231,352748928928N/A
12/31/20221,312684920920N/A
9/30/20221,274610887887N/A
6/30/20221,239539860860N/A
3/31/20221,230526832832N/A
12/31/20211,216534804804N/A
9/30/20211,218583734734N/A
6/30/20211,227561601601N/A
3/31/20211,171535435435N/A
12/31/20201,153505428428N/A
9/30/20201,142450477477N/A
6/30/20201,122413616616N/A
3/31/20201,149394728728N/A
12/31/20191,153390N/A750N/A
9/30/20191,168322N/A720N/A
6/30/20191,134336N/A713N/A
3/31/20191,100335N/A690N/A
12/31/20181,056339N/A654N/A
9/30/2018993386N/A628N/A
6/30/2018983378N/A612N/A
3/31/2018973383N/A600N/A
12/31/2017971380N/A599N/A
9/30/2017969380N/A598N/A
6/30/2017958373N/A596N/A
3/31/2017922350N/A595N/A
12/31/2016828289N/A514N/A
9/30/2016718225N/A458N/A
6/30/2016633168N/A368N/A
3/31/2016575127N/A323N/A
12/31/2015575128N/A320N/A
9/30/2015591128N/A319N/A
6/30/2015591132N/A309N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLPI's forecast earnings growth (6.5% per year) is above the savings rate (3.5%).

Earnings vs Market: GLPI's earnings (6.5% per year) are forecast to grow slower than the US market (16.2% per year).

High Growth Earnings: GLPI's earnings are forecast to grow, but not significantly.

Revenue vs Market: GLPI's revenue (5.7% per year) is forecast to grow slower than the US market (11.2% per year).

High Growth Revenue: GLPI's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GLPI's Return on Equity is forecast to be high in 3 years time (20.7%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 21:46
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gaming and Leisure Properties, Inc. is covered by 37 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Felicia Kantor HendrixBarclays
Richard HightowerBarclays
Keegan CarlBerenberg