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Company research and current financial figures are available here. Pro adds earnings and dividend charts, market-yield history, reinvestment evidence and the dividend assistant.

GLPI · Gaming and Leisure Properties, Inc.

Company overview

Gaming and Leisure Properties, Inc. (GLPI) is a U.S.-domiciled real estate investment trust. Owns casino and related real estate leased to gaming operators. Rental income depends on lease terms and the operators continuing to meet their obligations.

Business
Gaming-property REIT
Listing
GLPI · XNAS
Reporting period
2026-06-30
Dividend schedule
Quarterly

How the business works

Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.

Gaming and Leisure Properties, Inc.: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Earnings (basis not identified)$0.80

Apr 1, 2026 to Jun 30, 2026

Adjusted funds from operations$1.03

Apr 1, 2026 to Jun 30, 2026

Funds from operations$1.03

Apr 1, 2026 to Jun 30, 2026

Distribution yield8.15%Sourced distributions divided by dated market price
Earnings yieldNot availablePublic Researched current estimate
Annual dividend$3.28Current regular payment annualized per share
CoverageNot availablePublic Researched estimate
Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting periodEarnings measurePer shareSource
Apr 1, 2026 to Jun 30, 2026Adjusted funds from operations$1.03Issuer source 1
Announced Jul 30, 2026
Apr 1, 2026 to Jun 30, 2026Earnings (basis not identified)$0.80Issuer source 1
Announced Jul 30, 2026
Apr 1, 2026 to Jun 30, 2026Funds from operations$1.03Issuer source 1
Announced Jul 30, 2026

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Operating and investment riskIncome and capital are exposed to gaming-operator credit and concentrated master leases.MonitorA deterioration can reduce future distributions or shareholder capital.
Financing riskHigher borrowing costs or reduced access to capital can weaken cash available to common shareholders.MonitorA deterioration can reduce future distributions or shareholder capital.
Distribution riskThe board can change the dividend. A high yield can reflect a falling share price and does not establish earnings coverage.MonitorA deterioration can reduce future distributions or shareholder capital.

The assets behind the earnings

How GLPI makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$14.155 billion total assetsReported by Gaming and Leisure Properties, Inc.

Consolidated balance-sheet assets at 2026-06-30. This is not market capitalisation or the external manager’s assets under management.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Gaming and Leisure Properties, Inc.: financial statements and portfolio disclosures

Reported income and financing costs

2026-04-01 to 2026-06-30 · $ per share

GAAP vs adjusted earnings

GAAP earnings follow Generally Accepted Accounting Principles, the standard rules for financial reporting. They include accounting gains, losses and expenses that can make profit fluctuate.

Adjusted earnings remove selected items to help explain ongoing performance. The adjustments vary by company, so the company's explanation of the differences matters.

Why Fly High prefers adjusted earnings: we focus on recurring earnings that can support distributions. Fly High's figures come first, followed by comparable company-reported figures, preferably adjusted or other recurring earnings measures. GAAP is a last fallback and is identified when used.

Why low GAAP earnings are not always bad: unrealized investment losses or other non-cash charges can reduce accounting profit without an equivalent fall in recurring income. But losses can still reflect real problems. Adjusted earnings are not cash flow and do not guarantee that a dividend is safe.

Reported GAAP diluted earnings per common share; actual reporting period, not annualized$0.8000

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio. GAAP is shown as the last verified fallback; a comparable adjusted or recurring measure for this period is not available in the approved record.

Gaming and Leisure Properties, Inc.: financial report supporting reported earnings

The income-producing business

Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Gaming and Leisure Properties, Inc.: financial report supporting reported earnings

The funding behind the assets

At 2026-06-30, Gaming and Leisure Properties, Inc. reported $14.155 billion of total assets and $8.774 billion of total liabilities.

Liabilities represented 62.0% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.

Gaming and Leisure Properties, Inc.: financial statements and portfolio disclosures

How much earnings remain

GAAP vs adjusted earnings

GAAP earnings follow Generally Accepted Accounting Principles, the standard rules for financial reporting. They include accounting gains, losses and expenses that can make profit fluctuate.

Adjusted earnings remove selected items to help explain ongoing performance. The adjustments vary by company, so the company's explanation of the differences matters.

Why Fly High prefers adjusted earnings: we focus on recurring earnings that can support distributions. Fly High's figures come first, followed by comparable company-reported figures, preferably adjusted or other recurring earnings measures. GAAP is a last fallback and is identified when used.

Why low GAAP earnings are not always bad: unrealized investment losses or other non-cash charges can reduce accounting profit without an equivalent fall in recurring income. But losses can still reflect real problems. Adjusted earnings are not cash flow and do not guarantee that a dividend is safe.

For 2026-04-01 to 2026-06-30, Gaming and Leisure Properties, Inc. reported $430.519 million of reported revenue, $228.416 million of gaap net income.

Each bar is a separately reported statement measure for the same quarter; the bars are not additive. GAAP net income is not substituted for distributable earnings or funds from operations. A maintained dividend must be assessed against the issuer’s relevant recurring earnings measure and financing requirements.

Gaming and Leisure Properties, Inc.: financial report supporting reported earnings

What the reported earnings support

GAAP vs adjusted earnings

GAAP earnings follow Generally Accepted Accounting Principles, the standard rules for financial reporting. They include accounting gains, losses and expenses that can make profit fluctuate.

Adjusted earnings remove selected items to help explain ongoing performance. The adjustments vary by company, so the company's explanation of the differences matters.

Why Fly High prefers adjusted earnings: we focus on recurring earnings that can support distributions. Fly High's figures come first, followed by comparable company-reported figures, preferably adjusted or other recurring earnings measures. GAAP is a last fallback and is identified when used.

Why low GAAP earnings are not always bad: unrealized investment losses or other non-cash charges can reduce accounting profit without an equivalent fall in recurring income. But losses can still reflect real problems. Adjusted earnings are not cash flow and do not guarantee that a dividend is safe.

Gaming and Leisure Properties, Inc. reported $0.8000 per share for 2026-04-01 to 2026-06-30, measured as Reported GAAP diluted earnings per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Gaming and Leisure Properties, Inc.: financial report supporting reported earnings

What would change the earnings picture?

For Gaming and Leisure Properties, Inc., follow Reported GAAP diluted earnings per common share; actual reporting period, not annualized in the next financial report, the announced cash distribution and financing costs. Key exposures to reassess: operating and investment risk, financing risk.

Current evidence and recent developments

  • Reported GAAP diluted earnings per common share: $0.80 for 2026-04-01 to 2026-06-30; actual reported period, not annualized.
  • Latest regular quarterly cash dividend: $0.8200.
  • Eligibility yield: 8.15% using the recorded distribution method on 2026-09-11.

What to watch next

  • The next dividend declaration and any change in the regular payment.
  • Quarterly operating results, with particular attention to gaming-operator credit and concentrated master leases.
  • Debt maturities, financing costs and any significant portfolio or property transactions.

Fly High context

Assess recurring earning resources, credit or tenant performance and financing before interpreting the stated yield.

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Dividend tax treatment

GLPI estimates most 2025 common distributions were ordinary dividends, with small capital-gain and return-of-capital portions.

Ordinary, nonqualified
96.81%
Qualified dividends
0%
Capital-gain distributions
0.06%
Return of capital
3.13%

This 2025 estimate gives you a useful sense of where the cash may land for tax purposes. It may differ from the final forms. Think of it as a guide to the year, then use your own tax statement for the final split.

Read the source behind these figures. Your Form 1099-DIV is the guide for your own filing.

The issuer calls this breakdown an estimate. This is GLPI's best available estimate before its 2025 tax return was filed. Four 2025 common-share payments total $3.10 per share: $3.001003 ordinary dividends, $0.001832 capital gain and $0.097165 return of capital. The ordinary amount is also shown as Section 199A dividends; that is a subset, not extra cash. No qualified portion was reported. Your own Form 1099-DIV is the filing reference. Your Form 1099-DIV may show a different final mix. See the issuer's estimate.

Tax year: 2025. Total distributions: $3.10 per share.

Tax details and source
Total ordinary dividends (includes qualified)
96.81%
Section 199A portion (within ordinary dividends)
96.81%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-21

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated September 30, 2026 6:10 pm