NASDAQ · GLPI

Gaming and Leisure Properties, Inc.

Real Estate · REIT - Specialty

$39.39▼ 0.40% ($0.16)at close

As of 4:00 PM ET

52-week

$37.33$49.95

Market cap

$11.46B

P/E

11.38

EPS (TTM)

$3.46

Next earnings

Oct 29, 2026

Valuation

P/E Valuation

Estimated value / share · Base

$62.27

+58%

+58%vs price used $39.39

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

P/E multiple: 18.0×
Earnings basis: Trailing EPS

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

P/E scenarios apply a multiple to trailing EPS. They are not editable; choose Bear, Base or Bull above.

Current P/E

11.4×

Market multiple

Fair-value P/E

18.0×

5-Year Avg P/E

Fair value / share

$62.27

P/E based estimate

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -12.45%Revenue (TTM): 5.76%FCF (TTM): -39.79%P/FCF: 90th pct

What changed

The stock fell 12.45% over the last year. Revenue grew 5.76% over the trailing twelve months. Operating margin moved from 69.04% to 82.61%. Free cash flow declined 39.79% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 82.61%. A decisive move in revenue — currently up 5.76% — would be the clearest signal to resolve the ambiguity.

Return analysis

Company profile

Gaming and Leisure Properties, Inc. 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.

CEOPeter Carlino

SectorReal Estate

IndustryREIT - Specialty

Employees20

IPO dateOct 14, 2013

https://www.glpropinc.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)13.29

Enterprise value (FY2025 year-end)$20.06B

Price / Book (Jun 2026 quarter-end)2.30

Stock splits

Nov 13, 2020↑ Forward

Every 500000 shares became 505533

+1%

Aug 14, 2020↑ Forward

Every 1000000 shares became 1012711

+1%

Profitability & growth

Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.

Revenue growth (Q2 FY26 YoY)9.03%

Gross margin (FY2025)62.11%▼34.8ppvs FY2024

Operating margin (FY2025)75.33%▲1.5ppvs FY2024

ROE (TTM to Jun 2026)20.31% (Not meaningful)

Analyst consensus

RatingBuy

Target price$48.00▲21.86%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Oct 29, 2026

Q3 FY26 · EPS est $0.80 · Revenue est $436.3M

Same quarter, year over year

FY26 YTD +40.9%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $1.62 vs $1.15 · all 2 quarters up

FY total

FY26

—

FY25

$3.07-7.3%

FY24

$3.31—

FY23

—

Fiscal year totals

FY25: $3.07; -7.3%
FY24: $3.31; —

SlowerFaster growth(darkest from 48%)

BeatMissIn lineYear-ago cell

Q2 FY26

Reported Jul 30, 2026 · Latest

HoverTap a cell to inspect

Actual

$0.80

Beat by 0.3%

Estimate

$0.80

Street consensus

Year over year

+45.5%

vs Q2 FY25 · $0.55

Vs prior quarter

-2.4%

vs Q1 FY26 · $0.82

Price range $44.19-$48.46 · daily closes Apr 1-Jun 30

Implied at 11.1x street P/E $39.39 · street TTM EPS × current multiple

Institutional Sentiment

Gaming and Leisure Properties, Inc. · GLPI

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.

NASDAQ · GLPI

Gaming and Leisure Properties, Inc.

Real Estate · REIT - Specialty

$39.39▼ 0.40% ($0.16)at close

As of 4:00 PM ET

52-week

$37.33$49.95

Market cap

$11.46B

P/E

11.38

EPS (TTM)

$3.46

Next earnings

Oct 29, 2026

Valuation

P/E Valuation

Estimated value / share · Base

$62.27

+58%

+58%vs price used $39.39

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

P/E multiple: 18.0×
Earnings basis: Trailing EPS

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

P/E scenarios apply a multiple to trailing EPS. They are not editable; choose Bear, Base or Bull above.

Current P/E

11.4×

Market multiple

Fair-value P/E

18.0×

5-Year Avg P/E

Fair value / share

$62.27

P/E based estimate

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -12.45%Revenue (TTM): 5.76%FCF (TTM): -39.79%P/FCF: 90th pct

What changed

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 82.61%. A decisive move in revenue — currently up 5.76% — would be the clearest signal to resolve the ambiguity.

Return analysis

Company profile

CEOPeter Carlino

SectorReal Estate

IndustryREIT - Specialty

Employees20

IPO dateOct 14, 2013

https://www.glpropinc.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)13.29

Enterprise value (FY2025 year-end)$20.06B

Price / Book (Jun 2026 quarter-end)2.30

Stock splits

Nov 13, 2020↑ Forward

Every 500000 shares became 505533

+1%

Aug 14, 2020↑ Forward

Every 1000000 shares became 1012711

+1%

Profitability & growth

Revenue growth (Q2 FY26 YoY)9.03%

Gross margin (FY2025)62.11%▼34.8ppvs FY2024

Operating margin (FY2025)75.33%▲1.5ppvs FY2024

ROE (TTM to Jun 2026)20.31% (Not meaningful)

Analyst consensus

RatingBuy

Target price$48.00▲21.86%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Oct 29, 2026

Q3 FY26 · EPS est $0.80 · Revenue est $436.3M

Same quarter, year over year

FY26 YTD +40.9%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $1.62 vs $1.15 · all 2 quarters up

FY total

FY26

—

FY25

$3.07-7.3%

FY24

$3.31—

FY23

—

Fiscal year totals

FY25: $3.07; -7.3%
FY24: $3.31; —

SlowerFaster growth(darkest from 48%)

BeatMissIn lineYear-ago cell

Q2 FY26

Reported Jul 30, 2026 · Latest

HoverTap a cell to inspect

Actual

$0.80

Beat by 0.3%

Estimate

$0.80

Street consensus

Year over year

+45.5%

vs Q2 FY25 · $0.55

Vs prior quarter

-2.4%

vs Q1 FY26 · $0.82

Price range $44.19-$48.46 · daily closes Apr 1-Jun 30

Implied at 11.1x street P/E $39.39 · street TTM EPS × current multiple

Institutional Sentiment

Gaming and Leisure Properties, Inc. · GLPI

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.