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Gaming & Leisure Properties, Inc. (GLPI) stock

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NASDAQ: GLPI Nasdaq Other Specialized REITs Next results ~February 19, 2027

Gaming & Leisure Properties, Inc. is a US-listed company in the other specialized REITs industry. Its financial year ends in November.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$17

Book value (net assets)

Base case. Range ~$17–$17. Net assets per share: the value if returns just equal the cost of equity.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Gaming & Leisure Properties, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 4 selling1 purchase and 11 sales by directors and officers, last 12 monthsInsider trades
  • Funds329 adding, 240 cuttingOf 60 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~February 19, 2027 (estimated)

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 16% in the quarter to 2026-09-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Gaming & Leisure Properties, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Share dilution. Diluted shares rose 2.4% in a year.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.67 against an average estimate of $0.80: missed by 16.5%
Revenue
$435m, up 9.5% on a year earlier
Share reaction
-0.4% in the first session after the results on October 30, 2026, against -2.2% for the S&P 500
Guidance given
AFFO $1.22bn to $1.23bn (year ending December 31, 2026); AFFO per diluted share and OP/LTIP units $4.11 to $4.12 (year ending December 31, 2026)
Next report
October 29, 2026; average EPS estimate $0.83

Gaming & Leisure Properties' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.9%
  • 1 week-0.1%
  • 1 month+4.4%
  • This year-7.1%
  • 1 year-5.3%
  • 5 years+10.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Growth

Share count change
+2.4%

Earnings

Last results
October 30, 2026
Next results (est.)
February 19, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Gaming & Leisure Properties, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Gaming & Leisure Properties, Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.58 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. — Does not apply: funds from operations not available or not positive
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. — Does not apply: no positive funds from operations in the latest twelve months
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. — Does not apply: no current dividend figure in the company's tagged filings
Book value (net assets) Net assets per share: the value if returns just equal the cost of equity. ~$17 Primary model, counts double
Combined value Weighted average of the models that apply: the primary model (book value (net assets)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$17 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Gaming & Leisure Properties, Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.11 — $1.7bn +8%
Next $3.33 +7% $1.8bn +6%

Next year's EPS estimate has moved 0.0% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.3% on 90 days ago. In the last 30 days, 1 analyst raised Gaming & Leisure Properties, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Gaming & Leisure Properties, Inc., last 90 days
$3.10 $3.20 $3.30 $3.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.18 Current fiscal year, 60 days ago: $3.20 Current fiscal year, 30 days ago: $3.22 Current fiscal year, 7 days ago: $3.11 Current fiscal year, Now: $3.11 $3.11 Next fiscal year, 90 days ago: $3.33 Next fiscal year, 60 days ago: $3.30 Next fiscal year, 30 days ago: $3.33 Next fiscal year, 7 days ago: $3.34 Next fiscal year, Now: $3.33 $3.33

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.18$3.33
60 days ago $3.20$3.30
30 days ago $3.22$3.33
7 days ago $3.11$3.34
Now $3.11$3.33

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.80 $0.67 −16.5%
Jun 2026 $0.80 $0.80 +0.6%
Mar 2026 $0.77 $0.79 +3.2%
Dec 2025 $0.76 $0.94 +24.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 30, 2026
  • AFFO year ending December 31, 2026 $1.222bn to $1.225bn Non-GAAP Raised vs 1.219bn to 1.225bn
    “The Company estimates AFFO for the year ending December 31, 2026 will be between $1.222 billion and $1.225 billion, or between $4.11 and $4.12 per diluted share and OP/LTIP units.” source
  • AFFO per diluted share and OP/LTIP units year ending December 31, 2026 $4.11 to $4.12 Non-GAAP Raised vs 4.1 to 4.12
    “The Company estimates AFFO for the year ending December 31, 2026 will be between $1.222 billion and $1.225 billion, or between $4.11 and $4.12 per diluted share and OP/LTIP units.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

24 analysts, Oct 2026
Buy1563%
Hold833%
Sell14%

Monthly trend

  1. Oct 2026510824
  2. Sep 2026510824
  3. Aug 2026610724
  4. Jul 2026610724

Counts of recommendations published by analysts covering Gaming & Leisure Properties, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.2%
of tradable shares
Days to cover
3.26
at average volume
Short interest, 1 month
+6%
to October 15, 2026
Held by institutions
97%
of shares
Held by insiders
4.0%
of shares
Employees
20
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GLPI+22%+14%+1%+4%−1%−7%
Industry peers (median)+48%−18%+15%+6%−14%+27%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GLPI58%58%42%58%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GLPI−12%−16%−16%−14%−15%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 69% from February 21, 2020 to March 18, 2020. Getting back needed a 227% gain, reached on June 7, 2021, 446 days after the low.

Price behaviour

52-week range
$37.59 – $47.21
From 52-week high
−16.7%
vs 50-day average
−0.7%
vs 200-day average
−9.0%
Volatility (1 year)
20%
Beta vs S&P 500
-0.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±1.8%
After a week
6 up, 5 down
typical move ±2.3%
After a month
8 up, 3 down
typical move ±3.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 30, 2026 −0.4% −2.2% — —
July 31, 2026 +0.2% +2.2% −1.3% −5.9%
April 24, 2026 +1.4% +0.9% +2.4% +2.7%
February 20, 2026 +1.1% −0.3% +3.3% −0.8%
October 31, 2025 +6.4% +0.5% +5.2% +1.2%
July 25, 2025 −3.0% +0.4% −2.1% +1.5%
April 25, 2025 −2.6% +0.8% −3.7% −5.3%
February 21, 2025 −1.1% −2.2% +1.5% +5.1%
October 25, 2024 −0.7% +0.3% −2.0% +0.9%
July 26, 2024 +1.9% +1.2% +1.0% +4.2%
April 26, 2024 −0.5% +1.3% −0.5% +1.6%
February 28, 2024 +2.1% +0.2% +2.1% +5.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2011 2013 Dec 2012 2014 Dec 2013 2015 Dec 2014 2016 Dec 2015 2017 Dec 2016 2018 Dec 2017 2019 Dec 2018 2020 Dec 2019 2021 Dec 2020 2022 Dec 2021 2023 Dec 2022 2024 Dec 2023 2025 Dec 2024 2026 Dec 2025
Income
Revenue 232 211 235 591 575 828 971 1,056 1,153 1,153 1,216 1,312 1,440 1,532 1,595
Gross profit — — — — — — — — 1,079 1,096 1,163 1,312 1,440 — —
EBITDA 67 58 83 365 367 596 729 742 976 1,052 1,094 1,284 1,345 1,404 1,484
Operating income 53 44 54 259 257 481 606 594 717 809 842 1,030 1,069 1,131 1,201
Net income 27 23 15 139 128 289 381 340 391 506 534 685 734 785 825
Diluted EPS $0.23 $0.20 $0.13 $1.18 $1.08 $1.60 $1.79 $1.58 $1.81 $2.30 $2.26 $2.70 $2.77 $2.87 $2.95
Growth (year on year)
Revenue — −9.2% +11.8% +151.0% −2.7% +44.0% +17.3% +8.7% +9.3% −0.0% +5.5% +7.8% +9.8% +6.3% +4.1%
EBITDA — −13.9% +43.4% +341.1% +0.5% +62.4% +22.3% +1.8% +31.6% +7.8% +3.9% +17.4% +4.7% +4.4% +5.7%
Operating income — −16.8% +23.4% +379.6% −0.4% +86.7% +26.0% −1.9% +20.8% +12.8% +4.0% +22.4% +3.8% +5.8% +6.3%
Net income — −14.1% −35.2% +834.5% −7.7% +125.8% +31.6% −10.8% +15.1% +29.4% +5.6% +28.2% +7.2% +6.9% +5.2%
Diluted EPS — −13.0% −35.0% +807.7% −8.5% +48.1% +11.9% −11.7% +14.6% +27.1% −1.7% +19.5% +2.6% +3.6% +2.8%
Margins
Gross margin — — — — — — — — 93.5% 95.1% 95.6% 100.0% 100.0% — —
EBITDA margin 28.9% 27.4% 35.2% 61.8% 63.9% 72.0% 75.1% 70.3% 84.6% 91.3% 89.9% 97.9% 93.4% 91.7% 93.1%
Operating margin 22.6% 20.7% 22.9% 43.7% 44.8% 58.0% 62.3% 56.2% 62.2% 70.2% 69.2% 78.5% 74.2% 73.8% 75.3%
Net margin 11.5% 10.9% 6.3% 23.5% 22.3% 34.9% 39.2% 32.2% 33.9% 43.9% 43.9% 52.2% 51.0% 51.2% 51.7%
Free-cash-flow margin 22.3% 11.8% 29.1% 22.7% 52.8% 62.1% 61.6% 62.0% 65.0% 37.1% 64.9% 68.3% 66.8% 67.5% 51.7%
Cash flow
Cash from operations 57 27 81 273 320 514 599 654 750 428 804 920 1,009 1,073 1,129
Capital spending 5 2 12 139 16 0 0 0 0 0 14 24 47 40 304
Free cash flow 52 25 68 134 304 514 599 654 750 428 790 896 962 1,033 825
Stock-based pay — 0 2 12 17 18 16 11 16 20 17 20 23 24 21
Free cash flow after stock pay — 25 67 122 287 496 583 643 734 408 773 876 939 1,009 804
Balance sheet
Total debt 0 0 2,350 2,609 2,541 4,716 4,481 5,903 5,738 5,755 6,552 6,128 6,628 7,736 7,204
Diluted shares 116m 116m 116m 118m 118m 181m 213m 215m 216m 220m 236m 254m 265m 274m 280m
Returned to shareholders
Dividends — 0 0 494 252 428 529 550 589 231 634 771 834 831 872
Total returned — 0 0 494 252 428 529 550 589 231 634 771 834 831 872

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Diluted share count
+2.4%
year over year

Who owns it

Funds buying and selling
Reported value
$12.3B
Institutions reporting
621
Shares held vs prior quarter
▲ 0.8%
Positions opened / closed
78 / 48

Top buyers and sellers, Q2 2026: 329 institutions bought and 240 sold ; the biggest buyer was UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC (+2.4M shares) and the biggest seller Bank Of America Corp (−4.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.6B 35.9M 12.9% ▲ 1.5%
Vanguard Portfolio Management LLC $1.1B 23.7M 8.5% ▼ 1.5%
Dodge & Cox $613M 13.8M 5.0% ▲ 2.3%
State Street Corp $600M 13.5M 4.9% ▲ 2.3%
Wellington Management Group LLP $556M 12.5M 4.5% ▼ 8.0%
Vanguard Capital Management LLC $548M 12.3M 4.4% ▲ 0.9%
Geode Capital Management, LLC $373M 8.4M 3.0% ▲ 1.6%
Principal Financial Group Inc $298M 6.7M 2.4% ▼ 14.0%
Citadel Advisors LLC $272M 6.1M 2.2% ▲ 9.5%
Cohen & Steers, Inc. $250M 5.6M 2.0% ▼ 31.5%
Morgan Stanley $203M 4.6M 1.6% ▲ 7.9%
Charles Schwab Investment Management Inc $188M 4.2M 1.5% ▲ 6.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Gaming & Leisure Properties, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $422,400 1 trade by 1 insider, last 12 months Insider sales History → $3.5M 11 trades by 4 insiders · 85% under pre-set plans
Net ▼ $3.1M net selling
Insider Date Trade Shares Price Value
Shanks Earl C Director August 18, 2026 Buy 10,000 $42.24 $422,400
Urdang E Scott Director June 10, 2026 Sell 3,000 $48.32 $144,960
Burke Desiree A. CFO and Treasurer February 27, 2026 Sell pre-set plan 9,804 $49.02 $480,592
Moore Brandon John President, COO, and Secretary February 24, 2026 Sell pre-set plan 16,884 $48.05 $811,276
Urdang E Scott Director February 23, 2026 Sell 4,000 $47.37 $189,480
Moore Brandon John President, COO, and Secretary February 23, 2026 Sell pre-set plan 114 $48.01 $5,473
Moore Brandon John President, COO, and Secretary February 20, 2026 Sell pre-set plan 1,376 $48.05 $66,117
Ladany Steven SVP Chief Development Officer January 7, 2026 Sell pre-set plan 13,409 $45.04 $603,941
Ladany Steven SVP Chief Development Officer January 5, 2026 Sell pre-set plan 2,825 $44.30 $125,147
Ladany Steven SVP Chief Development Officer January 2, 2026 Sell pre-set plan 2,630 $44.09 $115,957
Ladany Steven SVP Chief Development Officer December 31, 2025 Sell pre-set plan 18,000 $44.77 $805,860
Urdang E Scott Director November 4, 2025 Sell 4,000 $45.49 $181,960

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in Gaming & Leisure Properties, Inc. disclosed in the last 12 months; 6 earlier trades on record.

  • Ritchie Torres(D-NY 15):Purchase, $1,001 - $15,000, traded September 26, 2024, filed August 20, 2025
  • Peter Meijer(R-MI 3):Sale (full), $1,001 - $15,000, traded February 16, 2021, filed March 16, 2021
  • Thomas MacArthur(NJ):Sale (full), $1,001 - $15,000, traded February 1, 2016, filed March 3, 2016

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 19, 2027 estimated from the company's past filing pattern, not announced

  • October 30, 2026
  • July 31, 2026
  • April 24, 2026
  • February 20, 2026
  • October 31, 2025
  • July 25, 2025

Recent SEC filings

Data status

When each part of this page on Gaming & Leisure Properties, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Gaming & Leisure Properties, Inc. in brief

What does Gaming & Leisure Properties, Inc. do?
Gaming & Leisure Properties, Inc. is a US-listed company in the other specialized REITs industry. Its financial year ends in November.
What is Gaming & Leisure Properties, Inc.'s stock ticker?
Gaming & Leisure Properties, Inc. trades under the ticker GLPI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Gaming & Leisure Properties, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Dodge & Cox. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Gaming & Leisure Properties, Inc.'s market cap?
On December 31, 2025, Gaming & Leisure Properties, Inc.'s market capitalisation was about $11.9B, with a price-to-earnings ratio of 14.4 and net debt of $0. Market figures come from third-party market data and may be delayed.
Are insiders buying or selling Gaming & Leisure Properties, Inc. stock?
Over the last 12 months, Gaming & Leisure Properties, Inc.'s directors and officers reported 1 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
When is Gaming & Leisure Properties, Inc.'s next earnings date?
Around February 19, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Gaming & Leisure Properties, Inc. announces its own schedule.