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Gaming and Leisure Properties, Inc.

GLPI Real Estate Reit Specialty

Gaming and Leisure Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 4.13% from fiscal 2024. In the quarter to June 2026, revenue grew 9.03%, EPS grew 45.5%, free cash flow fell 42.8% and total debt rose 17.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five; insiders bought in the last twelve months.

39.28 0.20 +0.51%
Market cap
$11.4B
P/E
11.5×
Fwd P/E
14.4×
Dividend yield
8.15%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.42
Total sells 3.53
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — 1 — —
Sell 1 1 1 3 — — — 1 — — — —
Insider Ownership 2.33%

Capital & Financial Ratios $m

Market Cap 11,370.00
Revenue 1,655.15
Net Income 998.18
Free Cash Flow 627.73
Net Debt 7,820.16
Current Ratio 4.74
Debt/Equity 1.51
P/E ratio 11.52
Fwd P/E 14.40
P/S ratio 6.78
P/B ratio 2.09
Past 5Y EPS Growth 5.10%
This Y EPS Growth 9.51%
Next Y EPS Growth 3.21%
Next Y revenue growth 8.48%
Next 5Y EPS Growth 5.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 11.5×, against a ten-year median of 12.9×; over the ten years it ranged from 9.5× in 2016 to 17.5× in 2016.
P/E against its own 10 years 0.88%
10-year low 10-year high
P/S against its own 10 years 8.55%
10-year low 10-year high
P/B against its own 10 years 0.93%
10-year low 10-year high
EV/Sales against its own 10 years 8.07%
10-year low 10-year high
EV/FCF against its own 10 years 90.97%
10-year low 10-year high

Dividends

Payout Ratio 0.94
Annual Dividend Rate 3.20
Annual Dividend Yield 8.15%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.23
0.78
0.82
0.82
2025 3.10
0.76
0.78
0.78
0.78
2024 3.04
0.76
0.76
0.76
0.76
2023 2.90
0.72
0.72
0.73
0.73
2022 2.81
0.69
0.71
0.71
0.71
2021 2.66
0.65
0.67
0.67
0.67
0.24
2020 1.03
0.68
0.12
0.12
0.12
2019 2.64
0.66
0.66
0.66
0.68
2018 2.48
0.61
0.61
0.61
0.66
2017 2.41
0.60
0.60
0.61
0.61
2016 2.24
0.54
0.54
0.58
0.58
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 684 1,023 224 319
Receivables — — — —
Inventory — — — —
Other — — — —
723 1,184 472 615
2023 2024 2025 Q'26
Payables 7 6 7 8
ST’ Debt — — — —
Other — — — —
98 119 123 130

Compound Annual Growth %

10y 5y 3y
Sales 10.74% 6.70% 6.73%
Cash Flow 13.45% 21.41% 7.07%
Earnings 20.52% 10.29% 6.42%
Book Value 0.00% 13.36% 6.74%

Revenue $m

Mar Jun Sep Dec Year
’26 420 431 — — —
’25 395 395 398 407 1,595
’24 376 381 385 390 1,532
’23 355 357 360 369 1,440
’22 315 327 334 336 1,312
’21 302 318 299 298 1,216
’20 283 262 308 300 1,153
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 270 350 — — —
’25 252 293 240 343 1,129
’24 258 252 270 292 1,073
’23 241 252 253 263 1,009
’22 233 225 241 221 920
’21 205 197 213 188 804
’20 199 31 81 118 428
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 159 156 — — —
’25 240 272 217 96 825
’24 258 246 262 267 1,033
’23 231 235 241 255 962
’22 231 218 383 213 1,045
’21 204 196 215 175 790
’20 198 30 80 116 424
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.82 0.80 — — —
’25 0.58 0.54 0.85 0.94 2.95
’24 0.64 0.77 0.67 0.79 2.87
’23 0.70 0.59 0.70 0.78 2.77
’22 0.48 0.61 0.85 0.75 2.70
’21 0.54 0.59 0.63 0.50 2.26
’20 0.45 0.52 0.58 0.74 2.30
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 24.21 30.22 31.19 31.63 13.04 39.08 41.81 43.54 41.80 41.17

Analyst estimates 2026–2028

Powerpack
High 35.98 39.32 37.01 43.22 50.99 51.46 53.43 55.13 52.60 52.25
People
People Employees 751 714 644 648 560 17 17 18 19 20
Revenue/emp, $m 1.10 1.36 1.64 1.78 2.06 71.55 77.16 80.02 80.61 79.74
Income, $m
Income, $m Revenue 828 971 1,056 1,153 1,153 1,216 1,312 1,440 1,532 1,595
Gross margin, % 81.66 83.00 84.29 93.52 95.08 95.64 100.00 100.00 100.00 100.00
EBT 297 390 344 396 510 562 720 757 810 853
EBT margin, % 35.84 40.19 32.63 34.30 44.19 46.24 54.92 52.58 52.87 53.46
Net income 289 381 340 391 506 534 703 755 808 850
Depreciation 131 137 161 270 253 262 265 286 285 296
Per share, $
Per share, $ Revenue 4.64 4.61 4.94 5.37 5.27 5.17 5.19 5.45 5.61 5.70
Earnings 1.62 1.80 1.59 1.81 2.31 2.27 2.71 2.78 2.87 2.95
Cash flow 2.88 2.84 3.06 3.50 1.96 3.41 3.64 3.82 3.93 4.04
Capex (0.01) (0.01) (0.01) (0.01) (0.02) (0.06) 0.49 (0.18) (0.15) (1.09)
Free cash flow 2.87 2.83 3.06 3.48 1.94 3.35 4.13 3.64 3.79 2.95
Book value 13.63 11.67 10.60 9.66 12.22 14.40 16.30 17.08 17.03 17.91
Shares, m 179 211 214 215 219 235 253 264 273 280
Valuation, ×
Valuation, × P/E 19.74 20.23 20.45 23.78 18.43 21.44 19.03 17.94 16.78 15.20
P/S 6.64 7.94 6.54 8.01 8.05 9.42 9.86 9.14 8.58 7.84
P/B 2.26 3.14 3.05 4.46 3.47 3.38 3.14 2.92 2.83 2.50
EV/Sales 12.23 12.49 12.06 12.96 12.61 14.26 14.39 13.31 13.00 12.25
EV/FCF 19.78 20.34 19.49 20.00 34.27 21.96 18.07 19.93 19.27 23.68
Cash, $m
Cash, $m Operating cash flow 514 599 654 750 428 804 920 1,009 1,073 1,129
Capex (2) (2) (1) (3) (4) (14) 125 (47) (40) (304)
Free cash flow 512 596 653 747 424 790 1,045 962 1,033 825
Balance, $m
Balance, $m Working capital 11 (11) 247 249 408 582 143 625 1,065 349
Total debt 4,665 4,443 5,853 5,738 5,755 6,606 6,182 6,682 7,797 7,265
Net debt 4,628 4,414 5,828 5,711 5,268 5,881 5,943 5,998 6,773 7,041
Shareholders’ equity 2,434 2,458 2,266 2,074 2,675 3,390 4,118 4,509 4,646 5,008
Returns, %
Returns, % ROA 5.88 5.20 4.29 4.60 5.79 5.41 6.33 6.46 6.31 6.35
ROIC 4.25 5.51 4.59 5.76 6.37 5.67 6.40 6.36 6.19 6.23
ROE 26.48 15.53 14.35 18.01 21.30 17.61 18.24 17.02 17.14 17.09
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Gaming and Leisure Properties, Inc. vs peers in Reit Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CCI Crown Castle Inc. $34.0B 41.5× 46.8× −4.91% (below 0%: shrinking) −67.16% (below 0%: shrinking) −40.40% (below 0%: shrinking) 73.41% 46.63% Compare
IRM Iron Mountain Incorporated $33.6B 80.4× 64.9× +18.52% (above 0%: growing) n/m +58.56% (above 0%: growing) 52.76% 18.41% Compare
SBAC SBA Communications Corporation $19.5B 20.1× 27.6× +2.33% (above 0%: growing) −10.95% (below 0%: shrinking) +11.32% (above 0%: growing) 75.39% 49.19% Compare
LAMR Lamar Advertising Company $15.0B 27.4× 25.6× +6.46% (above 0%: growing) +3.95% (above 0%: growing) +8.91% (above 0%: growing) 68.51% 33.72% Compare
WY Weyerhaeuser Company $14.0B 29.7× 56.6× −0.90% (below 0%: shrinking) +91.67% (above 0%: growing) +29.41% (above 0%: growing) 16.66% 11.94% Compare
GLPI Gaming and Leisure Properties, Inc. $11.4B 11.5× 14.4× +9.03% (above 0%: growing) +45.45% (above 0%: growing) −42.77% (below 0%: shrinking) 100.00% 77.21%
RYN Rayonier Inc. $5.7B 41.3× 53.8× +272.15% (above 0%: growing) −97.72% (below 0%: shrinking) −88.66% (below 0%: shrinking) 19.08% 8.73% Compare
OUT OUTFRONT Media Inc. $5.3B 21.7× 23.1× +13.54% (above 0%: growing) +340.00% (above 0%: growing) +167.78% (above 0%: growing) 52.90% 22.22% Compare
EPR EPR Properties $4.2B 17.7× 19.0× +10.11% (above 0%: growing) −12.09% (below 0%: shrinking) −498.03% (below 0%: shrinking) 92.16% 54.59% Compare
Median of peers $14.5B 28.6× 37.2× +8.29% −10.95% +10.11% 60.71% 27.97%

All 18 Reit Specialty stocks →

Gaming and Leisure Properties, Inc. (GLPI) key facts

  • Strength: Gaming and Leisure Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 4.13% from fiscal 2024.
  • Gaming and Leisure Properties, Inc. (GLPI) is a Reit Specialty company in the Real Estate sector, listed on Nasdaq.
  • As of October 16, 2026, GLPI traded at $39.28, a market capitalization of $11.4 billion.
  • Gaming and Leisure Properties, Inc. pays an annual dividend of $3.20 per share, a yield of 8.15%, with a payout ratio of 93.8%.
  • Return on equity was 17.1% and debt-to-equity 1.51.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Gaming and Leisure Properties, Inc. (GLPI) Latest News

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stockrow.com/GLPI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com