| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 11.8x | 17.8x | Around median | |
Growth | 60 | 5.8% | 7.1% | Around median | |
Quality | 70 | 11.1% | 4.5% | Top tier | |
Safety | 44 | 4.7x | 2.6x | Around median | |
Capital Return | 27 | 0.21% | 2.12% | Bottom tier | |
Momentum | 28 | -7.7% | 2.9% | Bottom tier | |
Sentiment | 90 | 6 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Gaming and Leisure Properties operates by owning real estate associated with gaming facilities and financing acquisitions and development projects, then generating income from rents and financing-related interest. In Q1 FY2026, real estate income growth was driven by approximately $33 million in cash rent increases resulting from acquisitions and conversions, along with $4.6 million in contractual rent increases and percentage rent adjustments, while non-cash revenue items reduced the year-over-year increase by approximately $8 million.
In Q2 FY2026, GLPI reported revenue of $430.5 million, net income of $228.4 million, and earnings per share of $0.80, equivalent to a calculated net income margin of approximately 53.1%. These results compare with revenue of $420.0 million, net income of $231.8 million, and earnings per share of $0.82 in Q1 FY2026, meaning revenue increased sequentially by approximately 2.5% while net income declined by approximately 1.5%.
For the twelve months ended in 2026, revenue totaled $1.7 billion, net income reached $968.7 million, and earnings per share were approximately $3.39, compared with prior twelve-month data in the context showing revenue of $1.6 billion and net income of $891.8 million. The provided EDGAR data did not include a segment breakdown of revenue, but the April 24, 2026 call linked cash income growth to projects and assets including Bally’s Lincoln, Bally’s Chicago, Bally’s Baton Rouge, PENN projects, and Dry Creek, Ione, and Cordish Virginia financing.
The analyst consensus is “Buy,” with an average target of $50 and a range between $45 and $55. The average target is only slightly above the 52-week range high of $49.95, while the upper end of $55 is approximately 10.1% above it and the lower end of $45 is approximately 9.9% below it, reflecting meaningful divergence regarding how much growth GLPI’s development commitments can generate.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
GLPI generates income from real estate associated with gaming facilities and from financing development projects, through rents and cash interest. In Q1 FY2026, acquisitions and conversions added approximately $33 million in cash rent increases, while contractual increases and percentage rent adjustments added approximately $4.6 million. Sources of the increase included Bally’s Chicago, Bally’s Baton Rouge, PENN projects, and Dry Creek, Ione, and Cordish Virginia financing.
Revenue totaled $430.5 million in Q2 FY2026, while net income reached $228.4 million. Earnings per share were $0.80, and the calculated net income margin was approximately 53.1%. Compared with Q1 FY2026, revenue increased from $420.0 million, while net income declined from $231.8 million.
Management set an AFFO range of between $1.212 billion and $1.223 billion for FY2026 on April 24, 2026. This is equivalent to between $4.08 and $4.12 per diluted share and OP units. The guidance included total development spending of between $750 million and $800 million and the planned $225 million PENN Aurora acquisition, but excluded the impact of unannounced future transactions.
Automated analysis for informational purposes only — not investment advice.
GLPI committed to provide up to $940 million in financing for the Bally’s Chicago project, which was targeted to open in the first half of 2027 according to the April 24, 2026 call. The company raised the high end of its FY2026 development spending guidance by $150 million, primarily due to improved visibility into the pace of spending on Chicago. The financing generates cash income for GLPI as it is deployed, but potential VGTs in Cook County could affect rent coverage, and this possibility was incorporated into the project’s underwriting.
Leverage was 5 times on April 24, 2026, at the low end of the targeted range of 5 to 5.5 times. The company had $275 million in undeployed cash and $363 million of forward equity, in addition to approximately $230 million in annual free cash flow. Management expected leverage to remain at the low end of the targeted range after funding the commitments and receiving their full AFFO impact.
Coverage of the primary Caesars lease was approximately 1.59 times in the quarter referenced during the April 24, 2026 call, after some results were affected by operating factors that included the West Tower room renovation. The Pinnacle lease was the only lease for which management did not expect a contractual increase in FY2026. Management also expected percentage rent adjustments associated with Pinnacle and other leases to decline annually by less than $4 million, approximately half of which would be reflected during FY2026.
