Recent Updates — GLPI

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.

Gaming and Leisure Properties reported record second-quarter results with total revenue rising 9.0% to $430.5 million, net income increasing 50.4% to $234.9 million, and AFFO growing 10.1% to $304.0 million. The company raised its full-year 2026 AFFO per share guidance midpoint to $4.11 from the prior range of $4.08–$4.12. Concurrently, GLPI increased its quarterly dividend by 5.1% to $0.82 per share, up from $0.78. Recent developments include a $351 million equity raise via forward sale settlement and completion of a $225 million funding commitment for PENN Entertainment's Aurora project. Gaming and Leisure Properties is a real estate investment trust that owns and finances gaming properties under triple-net lease arrangements.