---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-25-000020"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:51:14.249518+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GLPI Q1 2025 revenue $395.2M, AFFO $272.0M; narrows 2025 AFFO guidance

## Summary
- Total revenue $395.2M (+5.1% YoY); AFFO $272.0M ($0.96/sh, +5.2% YoY).
- Adjusted EBITDA $360.1M (+8% YoY); net income $170.4M ($0.60/diluted share).
- Redeemed $850M 5.250% senior note due June 2025; funded $18.4M on $110M Ione tribal loan.
- Boyd Gaming exercised 5-yr renewal on Master Lease and Belterra Park Lease (now to 2031).
- 2025 AFFO guidance narrowed to $1.109-1.118B ($3.84-3.87/share); quarterly dividend $0.76/sh.

## SEC filing metadata
- accession: 0001575965-25-000020
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000157596525000020/0001575965-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596525000020/glpi-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-25-000020
- JSON: https://secwatch.observer/filing/0001575965-25-000020.json
- Plain text: https://secwatch.observer/filing/0001575965-25-000020.txt

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