Earnings ·
Reports Q3 revenue of $435.4M and AFFO per share of $1.04
GLPIGaming & Leisure Properties, Inc.
Gaming and Leisure Properties reported third-quarter results with total revenue rising 9.5% to $435.4 million, driven by rental income and interest on real estate loans. Adjusted Funds From Operations (AFFO) grew 10.5% to $311.7 million, or $1.04 per diluted share, while Adjusted EBITDA increased 13.0% to $413.9 million. Net income declined to $213.8 million due to a $36.2 million provision for credit losses and higher depreciation. The company updated its full-year 2026 AFFO guidance to between $4.11 and $4.12 per share, reflecting approximately $265 million in additional development fundings. Gaming and Leisure Properties is a real estate investment trust that acquires, finances, and owns gaming properties leased to operators under triple-net lease arrangements.