secwatch.observer — SEC 8-K summary
======================================

Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001575965-26-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596526000050/0001575965-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596526000050/glpi-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001575965-26-000050

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