---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-22-000011"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:03:45.650623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# GLPI Q1 revenue up 4.5% to $315M; completes Cordish, Bally's acquisitions

## Summary
- Total revenue $315.0M, up 4.5% YoY; net income $121.7M ($0.48 diluted EPS) vs $127.2M ($0.54).
- AFFO per share $0.86 vs $0.84; Adjusted EBITDA $293.3M vs $266.6M.
- Acquired Live! Philadelphia and Live! Pittsburgh from Cordish for $689M; 39-year master lease at $50M initial annual rent.
- Post-quarter: acquired Bally's Black Hawk and Quad Cities assets for $150M; annual rent increased $12M.
- Bally's to acquire Tropicana Las Vegas non-land assets for $150M; GLPI retains land under 50-year ground lease.

## SEC filing metadata
- accession: 0001575965-22-000011
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000157596522000011/0001575965-22-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596522000011/glpi-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-22-000011
- JSON: https://secwatch.observer/filing/0001575965-22-000011.json
- Plain text: https://secwatch.observer/filing/0001575965-22-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.