Gaming and Leisure Properties Reports Record Third Quarter Results
Key Highlights
- ➤Q3 revenue $435.4 million, up 9.5% year over year
- ➤Q3 AFFO $311.7 million, up 10.5% year over year
- ➤Q3 AFFO per share $1.04, up 7.2% year over year
- ➤2026 AFFO guidance narrowed to $1.222 billion-$1.225 billion
- ➤GLPI and Prologis plan 3.8-million-square-foot Joliet warehouse park
Expert Statements
Peter Carlino, Chairman and Chief Executive Officer of GLPI
“Our third quarter was another record for revenue, AFFO and Adjusted EBITDA.”
Peter Carlino, Chairman and Chief Executive Officer of GLPI
“Total revenue rose 9.5% to $435.4 million, AFFO grew 10.5% to $311.7 million and Adjusted EBITDA increased 13.0% to $413.9 million, while AFFO per share rose 7.2% to $1.04.”
Peter Carlino, Chairman and Chief Executive Officer of GLPI
“These results demonstrate the strength of our model which prioritizes long-term triple-net leases with built-in escalators, strong lease coverage, and the ability to structure and underwrite complex transactions and creative funding solutions for quality tenants.”
Peter Carlino, Chairman and Chief Executive Officer of GLPI
“Despite this consistent execution, we believe GLPI’s share price remains significantly dislocated from its fundamentals, resulting in an attractive yield of over 8.5% based on the current quarterly cash dividend.”
Peter Carlino, Chairman and Chief Executive Officer of GLPI
“Regional gaming has proven its resilience for decades, and it is doing so again.”
Peter Carlino, Chairman and Chief Executive Officer of GLPI
“Same-store operator results delivered healthy year-over-year gains through the first nine months of 2026, and the durability of our rents and strong coverage stand out against the currently volatile macro backdrop.”
WYOMISSING, Pa., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the third quarter ended September 30, 2026.
Three Months Ended September 30, (in millions, except per share data)20262025 Total Revenue$ 435.4$ 397.6 Income from Operations$ 309.9$ 337.2 Net Income$ 213.8$ 248.5 FFO ((1) (4))$ 275.9$ 315.5 AFFO ((2) (4))$ 311.7$ 282.0 Adjusted EBITDA ((3) (4))$ 413.9$ 366.4 Net income, per diluted common share$ 0.71$ 0.85 FFO, per diluted common share and OP/LTIP units ((4))$ 0.92$ 1.08 AFFO, per diluted common share and OP/LTIP units ((4))$ 1.04$ 0.97 Annualized dividend per share$ 3.28$ 3.12 Dividend yield based on period end stock price8.6 %6.7 %
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