---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-25-000033"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2025-07-25T23:59:59+00:00"
generated_at: "2026-05-18T01:09:02.395048+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GLPI Q2 2025 revenue up 3.8% to record $394.9M, AFFO per share $0.96 vs $0.94, FY guidance narrowed

## Summary
- Q2 total revenue rose 3.8% YoY to $394.9M; net income $156.2M ($0.54/diluted) vs $214.4M ($0.77) in prior year.
- AFFO $276.1M ($0.96/diluted unit) up 4.4% from $264.4M ($0.94); Adjusted EBITDA $361.5M, up 6.2%.
- FY2025 AFFO guidance range updated to $1.112B–$1.118B ($3.85–$3.87/unit) from $1.109B–$1.118B ($3.84–$3.87).
- Funded $130M for Hollywood Casino Joliet relocation at 7.75% cap; transferred DraftKings at Casino Queen to Bally's Master Lease II with $28.9M annual rent.
- Board declared Q2 dividend of $0.78 per share, paid June 27, 2025; annualized $3.12, yield 6.68%.

## SEC filing metadata
- accession: 0001575965-25-000033
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2025-07-25T23:59:59+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/1575965/000157596525000033/0001575965-25-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596525000033/glpi-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-25-000033
- JSON: https://secwatch.observer/filing/0001575965-25-000033.json
- Plain text: https://secwatch.observer/filing/0001575965-25-000033.txt

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