Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.
The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value. GLPI’s tenants include a diverse mix of regional and national gaming operators, which are responsible for the day-to-day operations of the properties, including gaming floors, hospitality services, and food and beverage offerings. By focusing solely on real estate ownership, the company seeks to deliver stable, predictable rental income and the potential for dividend growth to its shareholders.
Headquartered in Wyomissing, Pennsylvania, Gaming and Leisure Properties maintains a geographically diversified portfolio of properties across the United States. Its holdings span urban and resort markets, featuring landmark casino destinations as well as community-based racinos. The company’s management team and board of directors bring extensive experience in real estate finance, corporate governance and the regulated gaming industry, guiding GLPI’s strategic growth and capital allocation decisions.
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