---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-25-000049"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:06:36.732748+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# GLPI Q3 2025 revenue record $397.6M, AFFO $0.97; raises 2025 guidance

## Summary
- Q3 total revenue $397.6M (+3.2% YoY); net income $248.5M ($0.85 diluted EPS).
- AFFO per diluted share $0.97, up 2.1% YoY; Adjusted EBITDA $366.4M (+5.8%).
- 2025 AFFO guidance raised to $1.115-1.118B ($3.86-3.88/share) from $1.112-1.118B.
- Post-quarter: acquired Sunland Park for $183.75M (8.2% cap); Live! Virginia $467M commitment at 8.0% cap.
- Issued $600M 5.25% notes due 2033 and $700M 5.75% notes due 2037; redeemed $975M 2026 notes.

## SEC filing metadata
- accession: 0001575965-25-000049
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2025-10-31T23:59:59+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/1575965/000157596525000049/0001575965-25-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596525000049/glpi-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-25-000049
- JSON: https://secwatch.observer/filing/0001575965-25-000049.json
- Plain text: https://secwatch.observer/filing/0001575965-25-000049.txt

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