Gaming and Leisure Properties, Inc. (GLPI) AI Stock Analysis

Gaming and Leisure Properties, Inc. (GLPI) specializes in the acquisition, financing, and ownership of real estate properties leased to gaming operators under triple-net lease agreements. These leases require tenants to cover all property maintenance, insurance, taxes, utilities, and operational services, producing stable and predictable cash flows. Headquartered in Wyomissing, Pennsylvania, the company maintains a portfolio of gaming facilities across multiple states, serving established operators and emerging market demands. As a real estate investment trust, GLPI distributes a significant portion of its taxable income to shareholders while focusing on portfolio management and asset acquisition in the gaming sector.

GLPI increased revenue from $1.22B in FY2021 to $1.59B in FY2025, reflecting a 5-year revenue CAGR of 6.7%. Net income expanded from $534.0M to $825.1M over the same period, with diluted EPS rising from $2.26 to $2.92. Annual operating margin was 75.3% in FY2025, compared to 69.2% in FY2021, though gross margin contracted to 62.1% in FY2025 from 96.9% in FY2024. For the trailing twelve months, revenue reached $1.66B with an operating margin of 77.5%. In the latest quarter ended June 30, 2026, quarterly revenue grew 9.0% year-over-year while quarterly earnings surged 47.9%.

As of June 30, 2026, GLPI held $319.0M in cash and short-term investments against total debt of $8.38B, resulting in net debt of $8.06B. Shareholders' equity stood at $4.98B, reflecting a debt-to-equity ratio of 1.68 and a current ratio of 9.43. Total assets equaled $14.16B. Operating cash flow reached $1.13B in FY2025, which supported $304.4M in capital expenditures and $871.9M in cash dividend payments. Free cash flow was $825.0M for FY2025. Over five years, the company's share count increased 16.0%.

GLPI trades at a trailing P/E of 11.5x and a forward P/E of 11.8x, both below the US-listed Real Estate median of 21.6x and 23.5x, respectively. Its enterprise value-to-EBITDA ratio of 11.7x also sits below the peer median of 14.7x, while its price-to-sales multiple of 7.1x is higher than the peer median of 3.7x. Over the past year, the stock fell 5.3%, compared to a 16.8% gain for the S&P 500 (SPY). Over a 5-year horizon, GLPI returned 10.2% versus 83.0% for the S&P 500.

GLPI offers a forward annual dividend of $3.28 per share, representing an 8.35% dividend yield at its last close of $39.28. The company pays dividends quarterly and maintains an 88.4% payout ratio. GLPI has paid dividends for 13 consecutive years, with an annualized 5-year dividend growth rate of 15.0%. Its most recent ex-dividend date was September 11, 2026.

Wall Street analysts hold 10 Strong Buy, 5 Buy, 8 Hold, 1 Sell, and 0 Strong Sell ratings on GLPI. The mean price target is $51.65, representing 31.5% upside from the October 16, 2026 close of $39.28. Analysts estimate FY2026 revenue of $1.73B and EPS of $3.11, followed by FY2027 forecasts of $1.83B in revenue and $3.34 in EPS. The company beat EPS estimates in all 4 of the last 4 quarters. The next earnings release date is October 29, 2026.

This page is an AI-written research summary of Gaming and Leisure Properties, Inc. (GLPI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: GLPI income statement, GLPI balance sheet, GLPI key metrics, GLPI analyst forecast, GLPI chart. See the GLPI stock overview for the latest quote and news.