secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001575965-26-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596526000035/0001575965-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596526000035/glpi-20260220.htm
  HTML page:      https://secwatch.observer/filing/0001575965-26-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer