---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-26-000050"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:12:12.214661+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001575965-26-000050
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2026-04-24T23:59:59+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/1575965/000157596526000050/0001575965-26-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596526000050/glpi-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-26-000050
- JSON: https://secwatch.observer/filing/0001575965-26-000050.json
- Plain text: https://secwatch.observer/filing/0001575965-26-000050.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000157596526000050/0001575965-26-000050-index.htm

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