---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-24-000018"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:28:53.088821+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gaming and Leisure Properties Q1 2024: revenue rises to $376M, acquires Tioga Downs for $175M, updates AFFO guidance

## Summary
- Q1 total revenue $376.0M (+5.8% YoY); net income $179.5M ($0.64 diluted EPS) vs $188.7M ($0.70) YoY.
- AFFO $258.6M ($0.92 per share), up 4.0% YoY; FFO $244.4M ($0.87) vs $253.8M ($0.94) YoY.
- Acquired Tioga Downs Casino Resort for $175M; initial annual rent $14.5M at 8.3% capitalization rate; 30-year triple-net lease.
- Updated 2024 AFFO guidance: $1,042-$1,051M ($3.71-$3.74 per share), versus prior $1,041-$1,050M ($3.70-$3.74).

## SEC filing metadata
- accession: 0001575965-24-000018
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000157596524000018/0001575965-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596524000018/glpi-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-24-000018
- JSON: https://secwatch.observer/filing/0001575965-24-000018.json
- Plain text: https://secwatch.observer/filing/0001575965-24-000018.txt

## Key facts
- Earnings Releases
  Gaming & Leisure Properties, Inc. reported the quarter ended March 31, 2024 results: revenue $376.0 million, net income $179.5 million, EPS $0.64 per diluted share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $376.0 million
  - Net income: $179.5 million
  - EPS: $0.64 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: impact of a nearly $29 million year-over-year change in our reserve for credit losses, net. On an operating basis, first quarter total revenue rose 5.8% year over year to $376.0 million and AFFO grew 4.0%. Our first quarter growth reflects GLPI’s stable portfolio of gaming operator tenants combined with our liquidity and capital markets discipline. Collectively,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000157596524000018/0001575965-24-000018-index.htm

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