GLPI reports record Q1 revenue $420M, AFFO $297.1M; raises 2026 AFFO guidance to $4.08-$4.12/share

Gaming & Leisure Properties, Inc.

2026-Q1 EPS reported $0.82 revenue$419,985,000

Total revenue $420.0M (+6.3% YoY), net income $239.4M (+40.5%), AFFO $297.1M (+9.2% YoY) – all record highs.
Acquired Bally's Lincoln for $700M (8% cap) and Live! Virginia land for $27M with $440M construction commitment (8% cap).
Issued $800M senior notes at 5.625% due 2036 to repay term loan; net financial leverage at 5.0x, low end of target.
Quarterly dividend raised to $0.78/share ($3.12 annualized), yield 7.03% as of March 31, 2026.
2026 AFFO per share guidance raised to $4.08-$4.12 from $4.06-$4.11; $1.8B development pipeline remaining.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gaming & Leisure Properties, Inc. reported the quarter ended March 31, 2026 results: revenue $420.0 million, net income $239.4 million, EPS $0.82. Guidance raised.

Period: the quarter ended March 31, 2026
Revenue: $420.0 million
Net income: $239.4 million
EPS: $0.82
Guidance: raised
Result: reported results

Exact text from the filing

results, as we continue to prudently expand our portfolio and explore avenues for future growth. On an operating basis, first quarter total revenue rose 6.3% year over year to $420.0 million, while AFFO increased 9.2% to $297.1 million. Long term tenant stability and lease coverage remain the foundation of our underwriting criteria, with the vast majority of our

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Source: SEC EDGAR

accession 0001575965-26-000050

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