Gaming and Leisure Properties (NASDAQ:GLPI) Releases Earnings Results, Misses Estimates By $0.09 EPS

Gaming and Leisure Properties (NASDAQ:GLPI) issued its earnings results on Thursday. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09), Zacks reports. The firm had revenue of $435.45 million during the quarter, compared to analysts’ expectations of $436.30 million. Gaming and Leisure Properties had a return on equity of 18.34% and a net margin of 55.71%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS.

Gaming and Leisure Properties Trading Down 1.3%

Shares of NASDAQ:GLPI traded down $0.51 on Friday, hitting $38.98. The company had a trading volume of 3,014,779 shares, compared to its average volume of 2,409,725. The firm’s 50-day simple moving average is $39.91 and its two-hundred day simple moving average is $44.50. Gaming and Leisure Properties has a 1 year low of $37.33 and a 1 year high of $49.95. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.65 and a beta of 0.65.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.82 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 8.4%. Gaming and Leisure Properties’s dividend payout ratio is 100.31%.

Insider Activity

In related news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.11% of the stock is owned by corporate insiders.

Key Gaming and Leisure Properties News

Here are the key news stories impacting Gaming and Leisure Properties this week:

• Positive Sentiment: GLPI reported record third-quarter revenue of approximately $435.5 million, up 9.5% year over year, indicating continued growth in its gaming real-estate portfolio. Gaming and Leisure Properties Reports Record Third Quarter Results
• Positive Sentiment: Third-quarter funds from operations (FFO), a key REIT performance measure, came in at $1.04 per share, exceeding the $1.02 analyst consensus and improving from $0.97 a year earlier. Gaming and Leisure Properties GLPI Q3 FFO Surpass Estimates
• Positive Sentiment: The company entered a joint venture with Prologis to redevelop the former Hollywood Casino Joliet site, marking GLPI’s first investment outside traditional gaming real estate and potentially broadening its future growth opportunities. GLPI enters JV with Prologis to develop former Hollywood Casino Joliet site
• Neutral Sentiment: Management discussed the quarter and company outlook on the October 30 earnings call; investors will focus on commentary regarding rent coverage, capital deployment and the Prologis partnership. GLPI Q3 2026 Earnings Call Transcript
• Negative Sentiment: GAAP earnings per share were $0.71, missing the $0.80 consensus estimate and declining from $0.97 in the prior-year quarter. Net income also fell despite the revenue increase, creating the primary source of pressure on the stock. GLPI Third Quarter Earnings Report

Wall Street Analysts Forecast Growth

GLPI has been the topic of several analyst reports. Royal Bank Of Canada decreased their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Morgan Stanley decreased their price target on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 17th. Stifel Nicolaus dropped their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Finally, Wells Fargo & Company dropped their price target on shares of Gaming and Leisure Properties from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus price target of $47.69.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.