Monitor the next earnings call for commentary on the pace of future development funding and any changes to the leverage target range, as the company's balance sheet strength is enabling accelerated growth.
Price Chart
Executive Summary
Gaming & Leisure Properties (GLPI) reported strong Q1 2026 results with AFFO per share of $1.02, beating consensus by 4.08%, and raised its full-year 2026 AFFO guidance to $4.08-$4.12 per share. The beat was driven by a 9.2% year-over-year increase in AFFO and the accretive acquisition of Bally's Lincoln and Live! Virginia assets. The company also increased its leverage to 5.0x net debt to adjusted EBITDA, at the low end of its target range.
Key Financial Metrics
Key Facts
- AFFO per share was $1.02, beating consensus of $0.98 by 4.08%.
- Full-year 2026 AFFO per share guidance was raised to $4.08-$4.12, up from $4.06-$4.11.
- Total revenue was $420.0 million, up 6.3% year-over-year.
- Completed two accretive transactions for $727 million: Bally's Lincoln and Live! Virginia.
- Net debt to adjusted EBITDA increased to 5.0x, at the low end of the target range.
Financial Impact
AFFO per share increased 9.2% YoY to $1.02, with full-year guidance raised by $0.015 at the midpoint.
Risk Factors
- Increased leverage to 5.0x, while still within target, reduces financial flexibility.
- Execution risk on the $1.8 billion pipeline of future development projects.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001575965-26-000050 |
| Document: quarterlysupplementalq12.htm | 0001575965-26-000050 |
| Document: glpi-20260423.htm | 0001575965-26-000050 |
| Document: 0001575965-26-000050-index-headers.html | 0001575965-26-000050 |
| Document: 0001575965-26-000050-index.html | 0001575965-26-000050 |
| Document: 0001575965-26-000050.txt | 0001575965-26-000050 |
| 8-K Data (Synthetic) | 0001575965-26-000050 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Buy | $42.90 $40.11 | ▼ −6.50% | ▼ −4.55% | $37.68 (−12.17%) |
Jul 30, 2026 9w ago | Press Release | $44.79 $42.56 | ▼ −4.98% | ▼ −7.97% | $37.68 (−15.87%) |
Jul 1, 2026 13w ago | Press Release | $43.69 $46.01 | ▲ +5.31% | ▲ +7.50% | $37.68 (−13.76%) |
Apr 24, 2026 23w ago | DEFA14A | $47.28 $47.89 | ▲ +1.30% | ▼ −3.66% | $37.68 (−20.30%) |
Apr 24, 2026 23w ago | 8-K | $47.28 $47.89 | ▲ +1.30% | ▼ −3.66% | $37.68 (−20.30%) |
Apr 23, 2026 23w ago | Press Release | $47.15 $47.50 | ▲ +0.75% | ▼ −3.27% | $37.68 (−20.08%) |
Apr 1, 2026 26w ago | Press Release | $44.42 $48.46 | ▲ +9.11% | ▼ −0.77% | $37.68 (−15.16%) |
Mar 5, 2026 30w ago | 8-K | $48.77 $45.14 | ▼ −7.44% | ▼ −5.40% | $37.68 (−22.73%) |
Feb 24, 2026 31w ago | Insider Cluster | $48.21 $45.97 | ▼ −4.65% | ▲ +0.34% | $37.68 (−21.83%) |
US Market Status
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