Tearsheet

Gaming and Leisure Properties (GLPI)

Market Price (12/29/2025): $44.62 | Market Cap: $12.6 Bil
Sector: Real Estate | Industry: Other Specialized REITs

Gaming and Leisure Properties (GLPI)

Market Price (12/29/2025): $44.62
Market Cap: $12.6 Bil
Sector: Real Estate
Industry: Other Specialized REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 6.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.8%, FCF Yield is 7.9%	Weak multi-year price returns 2Y Excs Rtn is -41%, 3Y Excs Rtn is -77%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 73%		Key risks GLPI key risks include [1] competition from digital iGaming eroding demand for its physical casinos and [2] significant tenant concentration, Show more.
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 68%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 63%
3	Low stock price volatility Vol 12M is 19%
4	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization, Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Experiential Retail, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 6.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.8%, FCF Yield is 7.9%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 73%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 68%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 63%
3	Low stock price volatility Vol 12M is 19%
4	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization, Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Experiential Retail, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -41%, 3Y Excs Rtn is -77%
6	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53%
7	Key risks GLPI key risks include [1] competition from digital iGaming eroding demand for its physical casinos and [2] significant tenant concentration, Show more.

Valuation, Metrics & Events

	12/29/25	2024	2023	2022	2021
Share Price CYE	$44.62	$45.05	$43.34	$42.95	$37.84
Market Cap CYE ($ Bil)	12.6	12.4	11.6	11.1	9.1
Total Debt ($ Bil)	7.5	8.0	6.9	6.4	6.8
Total Cash ($ Bil)	0.8	1.0	0.7	0.2	0.7
Enterprise Value ($ Bil)	19.4	20.4	18.5	17.5	15.9
Valuation Ratios
P/S TTM	8.0	8.6	9.0	10.0	9.4
P/EBIT TTM	10.7	11.2	12.1	12.8	13.6
P/E TTM	16.3	16.7	17.7	19.2	21.5
P/FCF TTM	12.7	12.7	13.5	14.7	14.5
Sector Ratios
P/S TTM (Sector)	4.0	4.1	4.2	4.3	6.8
P/EBIT TTM (Sector)	12.1	13.1	13.2	13.6	16.3
P/E TTM (Sector)	19.2	21.5	20.0	18.5	24.4
P/FCF TTM (Sector)	12.0	13.0	12.1	11.0	16.9

	12/29/25	2024	2023
Share Price CYE	$44.62	$45.05	$43.34
Market Cap CYE ($ Bil)	12.6	12.4	11.6
Total Debt ($ Bil)	7.5	8.0	6.9
Total Cash ($ Bil)	0.8	1.0	0.7
Enterprise Value ($ Bil)	19.4	20.4	18.5
Valuation Ratios
P/S TTM	8.0	8.6	9.0
P/EBIT TTM	10.7	11.2	12.1
P/E TTM	16.3	16.7	17.7
P/FCF TTM	12.7	12.7	13.5
Sector Ratios
P/S TTM (Sector)	4.0	4.1	4.2
P/EBIT TTM (Sector)	12.1	13.1	13.2
P/E TTM (Sector)	19.2	21.5	20.0
P/FCF TTM (Sector)	12.0	13.0	12.1

	GLPI	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	1.6
Rev Chg Q	3.2%	7.3%
Rev Chg LTM	4.4%	6.1%
Rev Chg 3Y Avg	7.4%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	1.1
CFO LTM ($ Bil)	1.1
Net Inc LTM ($ Bil)	0.8
Op Mgn LTM	72.7%	18.8%
CFO/Rev LTM	68.4%	20.4%
Net Inc Mgn	49.1%	13.1%
VALUATION	HIGH
P/S	8.0	3.3
P/CFO	11.7	15.8
P/FCF	12.7	20.7
P/E	16.3	23.7

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Metric	Value	Date	Source
Number of Properties	68	9302025	Link
Number of States with Properties	20	9302025	Link
Occupancy Rate	100%	11182024	Link
Rent Collection Rate	100%	10312025	Link
Number of Tenants	5	10312025	Link
Tenant Concentration (Top 5 Tenants as % of Cash Rent)	97%	10312025	Link
Number of Hotel Rooms	15500	9302025	Link

Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -
4/22/2026	Earnings Release	Rev: - EPS: -

GLPI Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are the key points for the movement of Gaming and Leisure Properties (GLPI) stock between August 31, 2025, and December 29, 2025, resulting in an approximate -3.8% change:

1. Profit Margin DeclineGaming and Leisure Properties reported a net profit margin of 45.9% in the third quarter of 2025, a decrease from 52.4% in the prior year. This reduction in profitability contributed to negative investor sentiment.

2. Tenant Concentration and Credit Risk ConcernsThe company faced increased scrutiny over its substantial capital exposure to Bally's, a key tenant whose credit profile had been downgraded. Analysts highlighted that significant development commitments and a lack of parent guarantees on several large projects, coupled with a spike in provisions for credit losses, amplified project-specific risks and raised concerns about potential threats to revenue collectability.

Show more

Stock Movement Drivers

Fundamental Drivers

The -3.0% change in GLPI stock from 9/28/2025 to 12/28/2025 was primarily driven by a -8.3% change in the company's P/E Multiple.

	9282025	12282025	Change
Stock Price ($)	46.02	44.63	-3.03%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1565.07	1577.34	0.78%
Net Income Margin (%)	45.91%	49.14%	7.02%
P/E Multiple	17.77	16.30	-8.29%
Shares Outstanding (Mil)	277.44	283.01	-2.01%
Cumulative Contribution			-3.07%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025

	Return	Correlation
GLPI	-3.0%
Market (SPY)	4.3%	6.3%
Sector (XLRE)	-3.2%	39.1%

Fundamental Drivers

The -0.4% change in GLPI stock from 6/29/2025 to 12/28/2025 was primarily driven by a -3.0% change in the company's Shares Outstanding (Mil).

	6292025	12282025	Change
Stock Price ($)	44.80	44.63	-0.38%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1550.82	1577.34	1.71%
Net Income Margin (%)	50.00%	49.14%	-1.72%
P/E Multiple	15.88	16.30	2.63%
Shares Outstanding (Mil)	274.83	283.01	-2.98%
Cumulative Contribution			-0.47%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025

	Return	Correlation
GLPI	-0.4%
Market (SPY)	12.6%	9.7%
Sector (XLRE)	-0.7%	50.6%

Fundamental Drivers

The -0.3% change in GLPI stock from 12/28/2024 to 12/28/2025 was primarily driven by a -4.7% change in the company's Net Income Margin (%).

	12282024	12282025	Change
Stock Price ($)	44.76	44.63	-0.29%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1510.96	1577.34	4.39%
Net Income Margin (%)	51.54%	49.14%	-4.66%
P/E Multiple	15.74	16.30	3.55%
Shares Outstanding (Mil)	273.79	283.01	-3.37%
Cumulative Contribution			-0.41%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025

	Return	Correlation
GLPI	-0.3%
Market (SPY)	17.0%	34.0%
Sector (XLRE)	2.3%	67.3%

Fundamental Drivers

The 4.0% change in GLPI stock from 12/29/2022 to 12/28/2025 was primarily driven by a 23.8% change in the company's Total Revenues ($ Mil).

	12292022	12282025	Change
Stock Price ($)	42.90	44.63	4.04%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1273.63	1577.34	23.85%
Net Income Margin (%)	47.90%	49.14%	2.57%
P/E Multiple	18.04	16.30	-9.66%
Shares Outstanding (Mil)	256.56	283.01	-10.31%
Cumulative Contribution			2.93%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025

	Return	Correlation
GLPI	3.0%
Market (SPY)	48.4%	32.2%
Sector (XLRE)	7.1%	71.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
GLPI Return	4%	22%	13%	1%	4%	-1%	49%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
GLPI Win Rate	75%	58%	58%	42%	58%	50%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
GLPI Max Drawdown	-64%	-7%	-12%	-11%	-13%	-8%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See GLPI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	GLPI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-17.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	20.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	63 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-69.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	232.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	533 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-16.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	19.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	399 days	120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Gaming and Leisure Properties's stock fell -17.3% during the 2022 Inflation Shock from a high on 8/18/2022. A -17.3% loss requires a 20.9% gain to breakeven.

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About Gaming and Leisure Properties (GLPI)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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Host Hotels & Resorts for casinos.
A Simon Property Group, but for casino resorts instead of malls.

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Gaming Property Leases: GLPI provides long-term, triple-net leases for casino and related entertainment properties to gaming operators.
Real Estate Acquisition and Investment: GLPI acquires new gaming-related properties, primarily through sale-leaseback transactions, to expand its portfolio of income-generating real estate.

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Gaming and Leisure Properties (GLPI) primarily sells to other companies, which are gaming operators that lease casino properties from GLPI.

Its major customers include:

Penn Entertainment (Symbol: PENN)
Caesars Entertainment (Symbol: CZR)
Boyd Gaming (Symbol: BYD)
Bally's Corporation (Symbol: BALY)
The Cordish Companies (Private company)
Saracen Casino Resort (Operated by the Quapaw Nation, not a public company)

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JPMorgan Chase & Co. (JPM)
Bank of America Corporation (BAC)
Wells Fargo & Company (WFC)
The PNC Financial Services Group, Inc. (PNC)
KPMG LLP

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Peter M. Carlino, Chairman of the Board and Chief Executive Officer

Mr. Carlino founded Penn National Gaming, Inc. and served as its Chief Executive Officer from 1994 to 2013. He has been the Chairman of the Board and Chief Executive Officer of Gaming and Leisure Properties, Inc. since its inception in 2013, when it was spun off from Penn National Gaming. He also serves in an executive capacity for Carlino Capital Management Corp., a holding company that owns and operates various Carlino family businesses.

Desiree A. Burke, Chief Financial Officer and Treasurer

Ms. Burke was appointed Chief Financial Officer and Treasurer in October 2022. Prior to this role, she served as the Senior Vice President and Chief Accounting Officer of Gaming and Leisure Properties. Before joining GLPI, Ms. Burke was the Vice President and Chief Accounting Officer at Penn National Gaming Inc., where she also held the position of Vice President and Corporate Controller from 2005 to 2009. She was instrumental in the team at Penn National Gaming that structured and completed the tax-free spin-off that created GLPI. Earlier in her career, she was an Executive Vice President and Director of Financial Reporting and Control at MBNA America Bank, N.A.

Brandon J. Moore, President, Chief Operating Officer and Secretary

Mr. Moore was promoted to President in September 2024 and also serves as Chief Operating Officer and Secretary. He joined GLPI near its inception in 2014 as Senior Vice President and General Counsel. Prior to GLPI, he served as Vice President, Senior Corporate Counsel at Penn National Gaming, Inc. (now PENN Entertainment, Inc.) from 2010 to 2014, where he was a senior member of the legal team. He previously worked as Of Counsel to Ballard Spahr, LLP. Mr. Moore was also part of the team at Penn that structured and completed the tax-free spin which created GLPI.

Matthew R. Demchyk, Senior Vice President and Chief Investment Officer

Mr. Demchyk was named Chief Investment Officer in January 2021 and also holds the title of Senior Vice President. He joined GLPI in February 2019 as Senior Vice President of Investments. Before joining GLPI, he spent over nine years at Millennium Partners as Portfolio Manager of Real Estate Securities. He also oversaw a REIT investment strategy at Carlson Capital and started his career at CenterSquare Investment Management, where he was an Assistant Portfolio Manager.

Steven L. Ladany, Senior Vice President and Chief Development Officer

Mr. Ladany serves as Senior Vice President and Chief Development Officer. He joined GLPI in 2014 and previously held the position of Vice President of Finance until March 2019. His prior experience includes roles at Revel Casino Hotel and J.P. Morgan.

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Key Risks to Gaming and Leisure Properties (GLPI):

Economic Slowdown and Interest Rate Fluctuations: A significant risk to Gaming and Leisure Properties (GLPI) is a potential economic slowdown or recession. Such conditions could lead to reduced consumer spending on leisure and gaming, subsequently affecting the financial performance of GLPI's tenants. This, in turn, could impact the tenants' ability to meet their lease obligations, potentially causing price volatility and underperformance for the REIT. Additionally, rising interest rates could increase GLPI's borrowing costs, negatively affecting its ability to achieve Funds From Operations (AFFO) growth.
Competition from Digital Gaming (iGaming): The increasing proliferation and acceptance of iGaming or online gambling pose a threat to GLPI's traditional brick-and-mortar casino properties. The expansion of digital gaming could erode demand for physical casinos, directly impacting the revenues and health of GLPI's tenant operators. Gaming and Leisure Properties has actively acknowledged this risk by joining advocacy groups to oppose further liberalization of iGaming.
Tenant Concentration Risk: GLPI faces a degree of tenant concentration risk, particularly with PENN Entertainment. A substantial portion of GLPI's portfolio, specifically 33 out of 68 properties (approximately 48.5%), is leased to PENN Entertainment. While S&P Global Ratings has affirmed a 'stable' outlook for this tenant, a significant downturn or financial strain experienced by PENN Entertainment could have a considerable adverse impact on GLPI's rental income and overall financial stability.

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One clear emerging threat for Gaming and Leisure Properties (GLPI) is the **increasing shift to online and digital gambling platforms.** This trend directly competes with and can cannibalize revenue from the land-based casinos that GLPI owns. While many of GLPI's tenants are also investing in online gaming, the overall demand for physical casino space could diminish over the long term if a significant portion of gambling activity shifts online. This mirrors disruptions seen in other industries where digital alternatives replaced physical storefronts (e.g., Netflix vs. Blockbuster). As more states legalize online gambling and technology improves, the accessibility and appeal of digital platforms continue to grow, posing a clear and evolving threat to the primary assets underlying GLPI's revenue stream.

Another clear emerging threat is the **evolving consumer entertainment preferences, particularly among younger demographics.** Younger generations (Millennials, Gen Z) often show less interest in traditional casino gaming (e.g., slot machines, table games) compared to older demographics. They tend to prefer skill-based games, esports, social gaming experiences, or non-gambling entertainment options. This demographic shift represents a clear emerging threat to the long-term viability and profitability of the traditional casino model that GLPI's properties are built upon. If the core customer base for traditional casinos shrinks or changes significantly, GLPI's tenants may face reduced traffic and revenue, potentially impacting their ability to meet lease obligations or the market value of the properties over time.

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Gaming and Leisure Properties (GLPI) specializes in acquiring, financing, and owning real estate properties that are leased to gaming operators under triple-net lease arrangements. Their primary product is providing real estate for casino operations. The addressable market for GLPI's main products and services can be clarified by the following: * **Global Casino Hotel Market:** The global casino hotel market exceeded USD 185 billion in 2025 and is projected to reach USD 314.31 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 6.02%. * **U.S. Casino Hotels and Casino Resorts Industry:** The U.S. Casino Hotels and Casino Resorts Industry revenues are projected to reach approximately USD 439.98 billion by 2030. The industry's revenue was estimated at USD 83.4 billion in 2025. * **U.S. Casino Tourism Market:** The U.S. casino tourism market is projected to grow from USD 175,182 million (approximately USD 175.18 billion) in 2024 to an estimated USD 278,441 million (approximately USD 278.44 billion) by 2032, with a CAGR of 5.82% from 2025 to 2032.

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Gaming and Leisure Properties (GLPI) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

Strategic Acquisitions and Portfolio Expansion: GLPI consistently pursues strategic acquisitions and aims to expand its portfolio of gaming properties. Recent examples include acquisitions in Kansas City and Shreveport, which contributed to increased cash rent. The company's Q1 2025 earnings also highlighted growth driven by strategic acquisitions and increased cash rent. Furthermore, analyst reports indicate that recent acquisitions and financing deals, such as those for Sunland Park and Caesars Republic Sonoma, are expected to enhance Adjusted Funds From Operations (AFFO) growth and long-term value.
Contractual Rent Escalators and Percentage Rent Adjustments: A consistent driver of revenue growth for GLPI comes from contractual rent escalations and percentage rent adjustments embedded in its lease agreements. The Q1 2025 earnings report noted the positive impact of contractual escalators, and the Q3 2025 earnings call specifically mentioned that the recognition of escalators and percentage rent adjustments increased cash income by approximately $4.2 million.
Development Funding for New Projects: GLPI is actively engaged in providing funding for new development projects. The company planned significant development funding of $400 million in 2025. Management has highlighted ongoing progress on key projects, including developments in Chicago and Las Vegas. GLPI also provides capital and construction expertise for large-scale projects, such as Bally's permanent Chicago gaming resort. The anticipated funding for the M Resort Tower and other development projects is also expected to contribute to future revenue.
Expanded Tenant Relationships and Support for Tenant Growth: GLPI focuses on strengthening its relationships with leading regional gaming operators and supporting their growth objectives. The company aims to align with top regional gaming operators and expand its portfolio through these partnerships. The Q1 2025 results cited a growing base of leading regional gaming operator tenants and expanded tenant relationships as contributors to revenue. GLPI sees itself as a development funding and real estate partner of choice for operators of all sizes, creating a platform for near and long-term growth.
Exploration of Sale-Leaseback Opportunities: The company continues to strategically explore sale-leaseback opportunities. Management emphasizes its focus on strategic capital deployment, which includes seeking out these transactions. The Q4 2024 earnings call also indicated a strong focus on tribal gaming opportunities and sale-leaseback transactions as part of their growth strategy.

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Share Issuance

In May 2025, Gaming and Leisure Properties (GLPI) initiated a new continuous equity offering program, authorizing the sale of up to $1.25 billion in common stock through "at the market" offerings.
The company settled a forward sale agreement of 8,170,387 shares of common stock for $404.0 million as of June 2, 2025.
GLPI sold 7.59 million shares via forward sale agreements, generating gross proceeds of $363.3 million in the third quarter of 2025.

Outbound Investments

GLPI agreed in October 2025 to acquire land for $27 million and commit $440 million for hard costs related to the Live! Casino & Hotel Virginia development, with funding expected through Q1 2028.
In October 2025, the company acquired the real estate assets of Sunland Park Racetrack & Casino for $183.75 million.
In May 2024, GLPI acquired the real estate assets of Silverado Franklin Hotel & Gaming Complex, Deadwood Mountain Grand casino, and Baldini's Casino for $105.0 million.

Capital Expenditures

GLPI has committed up to $225 million for PENN Entertainment's Aurora, Illinois relocation, which is anticipated to open in late Q2 2026.
In August 2025, the company provided $130 million in funding for the relocation of Hollywood Casino Joliet, and in November 2025, an additional $150 million for a new hotel tower at the M Resort in Nevada, both related to PENN Entertainment projects.
GLPI provided $5 million for capital improvements in conjunction with the May 2024 acquisition of the Silverado Franklin Hotel & Gaming Complex, Deadwood Mountain Grand casino, and Baldini's Casino.

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Apple Hospitality REIT

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for GLPI: 7.4% | 8.0x)

AMZN (11.3% | 3.7x)

Amazon.com

BRK-B (19.8% | 2.7x)

Berkshire Hathaway

JPM (13.4% | 5.0x)

JPMorgan Chase

GE (15.7% | 7.6x)

GE Aerospace

MU (28.3% | 7.6x)

Micron Technology

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for GLPI: 7.4% | 11.0x)

ENB (8.6% | 9.3x)

Enbridge

CVS (7.7% | 9.4x)

CVS Health

APO (89.3% | 10.8x)

Apollo Asset Management

GM (8.6% | 9.7x)

General Motors

DAL (10.8% | 7.6x)

Delta Air Lines

Higher Rev Chg LTM (Value for GLPI: 4.4%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for GLPI: 7.4%)

NVDA (91.6%)

NVIDIA

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for GLPI: 72.7%)

PBT (88.5%)

Permian Basin Royalty Trust

IBKR (85.5%)

Interactive Brokers

XOMA (78.4%)

XOMA Royalty

TPL (75.8%)

Texas Pacific Land

MSB (74.6%)

Mesabi Trust

Higher CFO/Rev LTM (Value for GLPI: 68.4%)

IBKR (162.0%)

Interactive Brokers

ARES (85.1%)

Ares Management

FNV (84.7%)

Franco-Nevada

RY (83.0%)

Royal Bank of Canada

BAM (75.6%)

Brookfield Asset Management

Higher FCF/Rev LTM (Value for GLPI: 63.2%)

ARES (83.9%)

Ares Management

RY (79.6%)

Royal Bank of Canada

BAM (75.6%)

Brookfield Asset Management

FMCC (66.7%)

Federal Home Loan Mortgage

CME (63.8%)

CME

Higher Total Yield (Value for GLPI: 12.9%)

CMCSA (25.2%)

Comcast

VZ (18.3%)

Verizon Communications

MO (16.2%)

Altria

PFE (13.7%)

Pfizer

ENB (13.7%)

Enbridge

		Best Bets In Real Estate Sector
	GLPI	CTRE	WPC	NNN	ADC	OHI	O	EPRT	GLPI	EPR	FCPT
What You Pay
P/E	16.3	29.7	39.2	18.9	41.6	24.4	53.9	24.5	16.3	19.1	22.3
P/EBIT	10.7	25.8	20.6	12.6	24.9	16.6	24.2	17.2	10.7	11.6	15.2
What You Get
Rev Chg Q	3.2%	82.4%	8.5%	5.3%	18.7%	12.9%	9.1%	23.7%	3.2%	4.3%	11.0%
Rev Chg LTM	4.4%	47.6%	5.6%	4.5%	14.7%	13.7%	14.7%	24.2%	4.4%	4.2%	8.3%
Rev Chg 3Y Avg	7.4%	21.2%	5.6%	6.0%	19.5%	6.3%	21.5%	24.2%	7.4%	3.9%	9.5%
FCF/Rev 3Y Avg	65.4%	88.9%	84.4%	73.6%	73.1%	71.6%	69.5%	69.3%	65.4%	63.9%	61.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Gaming and Leisure Properties Earnings Notes
2	Gaming and Leisure Properties Earnings Notes
3	Gaming and Leisure Properties Earnings Notes
4	Can Gaming and Leisure Properties Stock Hold Up When Markets Turn?	Return
5	Gaming and Leisure Properties vs Interactive Brokers: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	How Does Gaming and Leisure Properties Stock Stack Up Against Its Peers?	Peer Comparison
7	Better Bet Than GLPI Stock: Pay Less Than Gaming and Leisure Properties To Get More From UNH, EXC
8	Better Bet Than GLPI Stock: Pay Less Than Gaming and Leisure Properties To Get More From HHH, RHP
9	GLPI Dip Buy Analysis
10	Gaming and Leisure Properties Total Shareholder Return (TSR): 11.0% in 2024 and 13.0% 3-yr compounded annual returns (above peer average)

	Title
0	ARTICLES

Trade Ideas

Select ideas related to GLPI. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-0.1%	-0.1%	-5.8%
GLPI_3312020_Dip_Buyer_ValueBuy	03312020	GLPI	Gaming and Leisure Properties	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	35.9%	61.0%	-17.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Gaming and Leisure Properties

Peers to compare with:

Financials

	GLPI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Gaming a.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	44.63	23.26	24.49	305.09	78.16	273.40	61.39
Mkt Cap	12.6	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	1,577	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	1,146	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	997	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	979	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	1,079	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	1,030	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	GLPI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Gaming a.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	4.4%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	7.4%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	3.2%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	0.8%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	72.7%	6.6%	4.8%	17.7%	22.5%	31.9%	20.1%
Op Mgn 3Y Avg	73.6%	7.4%	7.2%	16.4%	24.2%	30.8%	20.3%
QoQ Delta Op Mgn LTM	3.9%	-0.2%	-1.4%	0.6%	0.4%	0.1%	0.2%
CFO/Rev LTM	68.4%	6.7%	8.5%	20.6%	23.8%	26.6%	22.2%
CFO/Rev 3Y Avg	68.7%	6.8%	12.7%	21.4%	26.1%	28.4%	23.8%
FCF/Rev LTM	63.2%	5.1%	1.8%	18.1%	22.1%	23.5%	20.1%
FCF/Rev 3Y Avg	65.4%	5.5%	4.6%	18.6%	24.6%	25.6%	21.6%

Valuation

	GLPI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Gaming a.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	12.6	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	8.0	0.4	1.0	4.4	5.4	10.0	4.9
P/EBIT	10.7	6.8	19.9	25.1	22.5	31.3	21.2
P/E	16.3	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	11.7	5.9	11.2	21.1	22.5	37.5	16.4
Total Yield	12.9%	14.1%	2.3%	5.0%	5.4%	2.8%	5.2%
Dividend Yield	6.8%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	7.5%	10.6%	5.5%	6.4%	6.0%	3.1%	6.2%
D/E	0.6	0.5	0.7	0.2	0.1	0.0	0.4
Net D/E	0.5	0.3	0.6	0.2	0.0	0.0	0.3

Returns

	GLPI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Gaming a.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	4.4%	-3.6%	12.7%	-1.1%	1.6%	-2.0%	0.2%
3M Rtn	-3.0%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-0.4%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-0.3%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	4.0%	-3.7%	67.3%	141.3%	79.6%	114.1%	73.5%
1M Excs Rtn	2.6%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	-7.3%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-12.6%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-15.8%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-77.4%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	How Does Gaming and Leisure Properties Stock Stack Up Against Its Peers?
1	Why GLPI With 17% Upside May Beat XHR?
2	GLPI Could Deliver 18% Returns And Outperform PK

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/20/2025	2/27/2024	2/23/2023	2/24/2022	2/19/2021	2/21/2020
Key Financials
Total Revenue	1,577	1,532	1,440	1,312	1,216	1,153	1,153
Net Income	775	785	734	685	534	506	391
EPS	2.79	2.87	2.78	2.71	2.27	2.31	1.82
Growth Rates
Total Revenue Growth	4.4%	6.3%	9.8%	7.8%	5.5%	-0.0%	9.3%
Net Income Growth	-0.5%	6.9%	7.2%	28.2%	5.6%	29.4%	15.1%
Margins
Net Income Margin	49.1%	51.2%	51.0%	52.2%	43.9%	43.9%	33.9%
Cash & Debt
Total Cash	752	1,023	684	239	725	486	27
Total Debt	7,505	8,042	6,879	6,364	6,790	5,907	5,922
Net Debt / (Cash)	6,754	7,018	6,195	6,125	6,065	5,420	5,895
Cash Flows
Net Cash from Operations	1,079	1,073	1,009	920	804	428	750
Free Cash from Operations	997	1,033	962	896	788	424	747
Returns to Shareholders
Dividends	860	831	834	771	634	231	589
Share Repurchases	-0	-0	-0	-0	-0	-0	0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	7/24/2025	4/24/2025	2/20/2025	10/24/2024	7/25/2024	4/25/2024	2/27/2024	10/26/2023	7/27/2023	4/27/2023	2/23/2023
Key Financials Quarterly
Total Revenue	398	395	395	390	385	381	376	369	360	357	355	336
Net Income	241	151	165	217	185	208	174	211	184	156	183	194
EPS	0.85	0.55	0.60	0.79	0.67	0.77	0.64	0.79	0.70	0.59	0.70	0.75
Key Financials TTM
Total Revenue TTM	1,577	1,565	1,551	1,532	1,511	1,485	1,461	1,440	1,408	1,382	1,352	1,312
Net Income TTM	775	719	775	785	779	778	725	734	717	753	749	685
Growth Rates Quarterly
Total Revenue Growth	3.2%	3.7%	5.1%	5.6%	7.2%	6.7%	5.8%	9.7%	7.7%	9.2%	12.8%	12.8%
Net Income Growth	30.6%	-27.3%	-5.3%	2.8%	0.4%	33.8%	-4.8%	8.8%	-16.3%	2.9%	53.7%	62.3%
Margins Quarterly
Net Income Margin	60.7%	38.4%	41.8%	55.8%	47.9%	54.7%	46.4%	57.3%	51.2%	43.6%	51.6%	57.7%
Cash & Debt
Total Cash	752	604	169	1,023	1,048	442	555	684	81	9	7	239
Total Debt	7,505	7,197	7,194	8,042	7,670	6,889	6,881	6,879	6,498	6,502	6,564	6,364
Net Debt / (Cash)	6,754	6,593	7,025	7,018	6,622	6,447	6,326	6,195	6,417	6,492	6,557	6,125
Cash Flows Quarterly
FCF from Operations	240	293	252	292	270	252	258	263	253	252	241	221
Cash Flows TTM
FCF from Operations TTM	1,079	1,109	1,067	1,073	1,043	1,026	1,026	1,009	967	955	928	920
Returns to Shareholders Quarterly
Dividends	221	221	209	209	209	207	207	198	192	189	255	184
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	10.1%	7.3%	7.8%	9.3%	8.3%	9.4%	8.3%	9.6%	8.7%	7.8%	8.7%	9.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	8.6%	8.1%	8.5%	8.5%	8.7%	8.9%	8.5%	8.7%	8.5%	8.3%	8.3%	8.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2020
Investments in real estate	1,440
Accretion on financing receivables		19
Building base rent		898
Ground rent in revenue		33
Land base rent		210
Other rental revenue		1
Percentage rent		146
Straight-line rent adjustments		4
Single Segment			1,216
Gaming and Leisure Properties (GLP) Capital				1,025
Taxable REIT subsidiary (TRS) Properties				128
Total	1,440	1,312	1,216	1,153

Price Behavior

Price Behavior

Market Price	$44.63
Market Cap ($ Bil)	12.6
First Trading Date	10/14/2013
Distance from 52W High	-8.1%
	50 Days	200 Days
DMA Price	$43.49	$45.02
DMA Trend	indeterminate	down
Distance from DMA	2.6%	-0.9%
	3M	1YR
Volatility	19.9%	18.8%
Downside Capture	7.61	22.61
Upside Capture	-8.73	18.69
Correlation (SPY)	7.5%	34.0%

GLPI Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.46	0.34	0.33	0.33	0.38	0.46
Up Beta	-0.54	0.02	0.28	0.49	0.40	0.34
Down Beta	0.08	0.42	0.45	0.37	0.45	0.51
Up Capture	88%	6%	-1%	12%	14%	17%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	7	16	25	57	116	372
Down Capture	71%	65%	55%	42%	49%	81%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	24	36	66	129	371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of GLPI With Other Asset Classes (Last 1Y)
	GLPI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.3%	2.7%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	18.7%	16.8%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-0.06	-0.01	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		67.4%	34.3%	8.0%	13.1%	69.4%	14.4%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of GLPI With Other Asset Classes (Last 5Y)
	GLPI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	6.8%	5.3%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	20.3%	19.1%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.26	0.19	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		71.1%	51.3%	13.4%	16.4%	73.9%	21.6%

Based On 10-Year Data

		Comparison of GLPI With Other Asset Classes (Last 10Y)
	GLPI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	12.0%	6.3%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	29.0%	20.6%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.46	0.27	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		66.2%	54.6%	10.0%	24.7%	71.5%	15.6%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	9,622,333
Short Interest: % Change Since 11302025	9.4%
Average Daily Volume	3,563,704
Days-to-Cover Short Interest	2.70
Basic Shares Quantity	283,008,000
Short % of Basic Shares	3.4%

Returns Analyses

	Title
0	Can Gaming and Leisure Properties Stock Hold Up When Markets Turn?
1	Gaming and Leisure Properties Stock Return Comparison
2	[10/6/2021] Gaming and Leisure Properties (GLPI) Stock Price Forecast: AI Forecasts GLPI Stock Price To Be Around $48.6 In A Month (Up 0.6%)
3	Gaming and Leisure Properties Total Shareholder Return (TSR): 13.3% in 2022 and 11.5% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/31/2025	4.5%	3.4%	1.2%
7/25/2025	-2.1%	-1.1%	2.5%
2/21/2025	-0.5%	2.1%	5.7%
10/25/2024	1.4%	0.1%	3.0%
7/26/2024	0.9%	0.1%	3.2%
2/28/2024	-0.1%	-0.1%	2.9%
10/27/2023	-0.9%	3.7%	1.7%
7/28/2023	0.0%	0.3%	-3.0%
...
SUMMARY STATS
# Positive	8	9	11
# Negative	7	6	4
Median Positive	0.7%	1.3%	3.0%
Median Negative	-0.9%	-1.5%	-6.0%
Max Positive	4.5%	5.6%	35.9%
Max Negative	-3.1%	-11.2%	-60.2%

	Forward Returns
10/31/2025	4.5%	3.4%	1.2%
7/25/2025	-2.1%	-1.1%	2.5%
2/21/2025	-0.5%	2.1%	5.7%
10/25/2024	1.4%	0.1%	3.0%
7/26/2024	0.9%	0.1%	3.2%
2/28/2024	-0.1%	-0.1%	2.9%
10/27/2023	-0.9%	3.7%	1.7%
7/28/2023	0.0%	0.3%	-3.0%
4/28/2023	0.1%	-1.8%	-8.6%
10/28/2022	0.3%	0.1%	3.2%
8/1/2022	-0.8%	-2.5%	-3.5%
3/2/2022	2.9%	-0.8%	7.0%
4/30/2021	0.4%	1.3%	1.3%
5/1/2020	-3.0%	5.6%	35.9%
2/21/2020	-3.1%	-11.2%	-60.2%
SUMMARY STATS
# Positive	8	9	11
# Negative	7	6	4
Median Positive	0.7%	1.3%	3.0%
Median Negative	-0.9%	-1.5%	-6.0%
Max Positive	4.5%	5.6%	35.9%
Max Negative	-3.1%	-11.2%	-60.2%

SEC Filings

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Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	7242025	10-Q 6/30/2025
3312025	4242025	10-Q 3/31/2025
12312024	2202025	10-K 12/31/2024
9302024	10242024	10-Q 9/30/2024
6302024	7252024	10-Q 6/30/2024
3312024	4252024	10-Q 3/31/2024
12312023	2272024	10-K 12/31/2023
9302023	10262023	10-Q 9/30/2023
6302023	7272023	10-Q 6/30/2023
3312023	4272023	10-Q 3/31/2023
12312022	2232023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	4282022	10-Q 3/31/2022
12312021	2242022	10-K 12/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Urdang E Scott		11052025	Sell	45.49	4,000	181,960	5,911,562	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Gaming and Leisure Properties (GLPI)

Market Price (12/29/2025): $44.62 | Market Cap: $12.6 BilSector: Real Estate | Industry: Other Specialized REITs

Gaming and Leisure Properties (GLPI)

Market Price (12/29/2025): $44.62Market Cap: $12.6 BilSector: Real EstateIndustry: Other Specialized REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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GLPI Stock

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About Gaming and Leisure Properties (GLPI)

Interactive Breakdown

Better Bets than Gaming and Leisure Properties (GLPI)

INDUSTRY: Other Specialized REITs

Higher Rev Chg 3Y Avg | Lower P/S (Values for GLPI: 7.4% | 8.0x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for GLPI: 7.4% | 11.0x)

Higher Rev Chg LTM (Value for GLPI: 4.4%)

Higher Rev Chg 3Y Avg (Value for GLPI: 7.4%)

Higher Op Mgn LTM (Value for GLPI: 72.7%)

Higher Total Yield (Value for GLPI: 12.9%)

SECTOR: Real Estate

Higher Rev Chg 3Y Avg | Lower P/S (Values for GLPI: 7.4% | 8.0x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for GLPI: 7.4% | 11.0x)

Higher Rev Chg LTM (Value for GLPI: 4.4%)

Higher Rev Chg 3Y Avg (Value for GLPI: 7.4%)

Higher Op Mgn LTM (Value for GLPI: 72.7%)

Higher CFO/Rev LTM (Value for GLPI: 68.4%)

Higher FCF/Rev LTM (Value for GLPI: 63.2%)

Higher Total Yield (Value for GLPI: 12.9%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for GLPI: 7.4% | 8.0x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for GLPI: 7.4% | 11.0x)

Higher Rev Chg LTM (Value for GLPI: 4.4%)

Higher Rev Chg 3Y Avg (Value for GLPI: 7.4%)

Higher Op Mgn LTM (Value for GLPI: 72.7%)

Higher CFO/Rev LTM (Value for GLPI: 68.4%)

Higher FCF/Rev LTM (Value for GLPI: 63.2%)

Higher Total Yield (Value for GLPI: 12.9%)

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Market Price (12/29/2025): $44.62 | Market Cap: $12.6 Bil
Sector: Real Estate | Industry: Other Specialized REITs

Market Price (12/29/2025): $44.62
Market Cap: $12.6 Bil
Sector: Real Estate
Industry: Other Specialized REITs