---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-23-000013"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:27:49.076016+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GLPI reports record Q1 2023 revenue $355.2M (+12.8% YoY); updates 2023 AFFO guidance to $3.63-$3.67 per share

## Summary
- Q1 total revenue $355.2M (12.8% YoY increase), net income $188.7M ($0.70 diluted), AFFO $248.6M ($0.92 per share).
- Board declared regular Q1 dividend $0.72/share plus special $0.25/share from Tropicana Las Vegas sale; paid March 24, 2023.
- Completed $635M acquisition of Bally's Tiverton and Hard Rock Biloxi; added annualized rent $48.5M.
- Full-year 2023 AFFO guidance updated to $984-997M ($3.63-$3.67 per share) vs prior $980-997M ($3.61-$3.67).
- PENN 2023 Master Lease created; GLPI to fund up to $575M for property relocations and development at 7.75% cap rate.

## SEC filing metadata
- accession: 0001575965-23-000013
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000157596523000013/0001575965-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596523000013/glpi-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-23-000013
- JSON: https://secwatch.observer/filing/0001575965-23-000013.json
- Plain text: https://secwatch.observer/filing/0001575965-23-000013.txt

## Key facts
- Earnings Releases
  Gaming & Leisure Properties, Inc. reported the quarter ended March 31, 2023 results: revenue $ 355.2, net income $ 188.7, EPS $ 0.70.
  - Period: the quarter ended March 31, 2023
  - Revenue: $ 355.2
  - Net income: $ 188.7
  - EPS: $ 0.70
  - Result: reported results
  source text: announced financial results for the quarter ended March 31, 2023. Financial Highlights Three Months Ended March 31, (in millions, except per share data) 2023 2022 Total Revenue $ 355.2 $ 315.0 Income from Operations $ 266.8 $ 199.8 Net Income $ 188.7 $ 121.7 FFO (1) (4) $ 253.8 $ 180.3 AFFO (2) (4) $ 248.6 $ 218.6 Adjusted EBITDA (3) (4) $ 323.1 $ 293.3 Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000157596523000013/0001575965-23-000013-index.htm

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