10x Insights
Loading account…
Companies / Real Estate / Gaming & Leisure Properties, Inc.
GLPI

Gaming & Leisure Properties, Inc.

Ticker GLPIWYOMISSING, PAFiscal year ends DecemberBook value per share $17.54Diluted shares 284.1M

Gaming and Leisure Properties, Inc. (Nasdaq: GLPI) is a self-managed real estate investment trust that acquires, finances and owns gaming and related properties, which it leases to gaming operators primarily through long-term triple-net leases; it also provides loans that may convert to rental income when projects are… From the company’s description.

In fiscal 2025, Gaming & Leisure Properties, Inc. reported revenue of $1.59B, up 4.1% from fiscal 2024, and net income of $850.36M. Its operating margin was 75.3%, and operations generated $1.13B in cash. Over the twelve months to Jun 30, 2026, revenue was $1.66B.

Fiscal year 2025 · ends 12-07Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.59BFY2025
+4.1% year over year
Last 12 mo $1.66B
75.34%FY2025
+1.5 percentage points
Last 12 mo 82.55%
$850.36MFY2025
+5.3% year over year
Last 12 mo $998.18M
17.83%FY2025
−0.5 percentage points
Last 12 mo 19.44%
Cash & financing
$1.13BFY2025
+5.3% year over year
Last 12 mo $1.20B
$824.97MFY2025
−20.1% year over year
Last 12 mo $627.73M
1.59FY2025
Was 1.85× a year earlier
Last 12 mo 1.63
279.7MFY2025
+2.3% year over year
Last 12 mo 284.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Gaming & Leisure Properties, Inc. does

In the company’s own words

Gaming and Leisure Properties, Inc. (Nasdaq: GLPI) is a self-managed real estate investment trust that acquires, finances and owns gaming and related properties, which it leases to gaming operators primarily through long-term triple-net leases; it also provides loans that may convert to rental income when projects are completed or stabilized. Its tenants operate casinos and related hotels, dining, entertainment and retail facilities, serving gaming and leisure customers. GLPI reports one segment, comprising its real estate investments. At December 31, 2025, its portfolio included interests in 69 gaming and related facilities across 20 states, including one facility under development, and its properties were fully occupied. GLPI was formed as a PENN Entertainment subsidiary in 2013 and spun off to PENN shareholders that year; since 2021, substantially all of its business has been conducted through its operating partnership, GLP Capital, L.P. Its website is www.glprop.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
WYOMISSING, PA
Fiscal year end
December
CIK
1575965
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-165.51M$331.03M$827.57M$1.32B$1.82B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Gaming & Leisure Properties, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

470
funds hold it
0 of 35
superinvestors hold it
$5.90B
held by funds, at market
44.2%
of shares held by funds
10
bond issues held by funds

Largest fund holders · Gaming & Leisure Properties, Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
0.38%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.35%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.15%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Gaming & Leisure Properties, Inc.’s bonds, as funds hold them

Funds report holding 10 issues of Gaming & Leisure Properties, Inc.’s debt, $154.67M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.80%, maturing 2028 to 2037.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Gaming & Leisure Properties, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Gaming & Leisure Properties, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Gaming & Leisure Properties, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.