---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-26-000035"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:27:17.710630+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GLPI Q4 AFFO $0.99 (+4.2% YoY); 2026 AFFO guidance $4.06-$4.11; dividend $0.78/sh

## Summary
- Q4 total revenue $407.0M (+4.5% YoY); net income $275.4M; AFFO $290.0M (+7.5%); diluted AFFO per share $0.99 vs $0.95.
- Full-year 2025 AFFO $1.120B ($3.88/sh) vs $1.061B ($3.77/sh) in 2024; record results driven by acquisitions and development funding.
- 2026 AFFO guidance $1.207B-$1.222B ($4.06-$4.11 per diluted share), implying ~5-6% growth; includes $700M Bally's Lincoln and $467M Live! Virginia.
- Q1 2026 dividend declared $0.78/share (annualized $3.12, +2.6% vs $3.04), payable Mar 27 to holders of record Mar 13.
- Recent closed deals: Bally's Twin River Lincoln acquired Feb 2026 for $700M (8% cap); Live! Virginia commitment $467M (8% cap); funding pipeline $2.6B.

## SEC filing metadata
- accession: 0001575965-26-000035
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000157596526000035/0001575965-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596526000035/glpi-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-26-000035
- JSON: https://secwatch.observer/filing/0001575965-26-000035.json
- Plain text: https://secwatch.observer/filing/0001575965-26-000035.txt

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