Gaming and Leisure Properties (GLPI) Financials

$44.59 -0.67 (-1.48%)

Closing price 04:00 PM Eastern

Extended Trading

$45.19 +0.60 (+1.34%)

As of 08:00 PM Eastern

Annual Income Statements for Gaming and Leisure Properties

This table shows Gaming and Leisure Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	128	106	381	340	391	506	534	685	734	785	825
Consolidated Net Income / (Loss)	128	106	381	340	391	506	534	703	755	808	850
Net Income / (Loss) Continuing Operations	128	289	381	340	391	506	534	703	755	808	850
Total Pre-Tax Income	257	481	606	345	396	510	562	720	757	810	853
Total Revenue	575	828	971	808	1,153	1,176	1,238	1,377	1,440	1,535	1,595
Net Interest Income / (Expense)	0.00	0.00	0.00	-248	29	0.00	0.00	0.00	1.04	10	16
Total Interest Income	0.00	0.00	0.00	0.00	29	0.00	0.00	0.00	1.04	10	16
Loans and Leases Interest Income	-	-	-	-	29	-	0.00	-	1.04	10	16
Total Interest Expense	0.00	0.00	0.00	248	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	575	828	971	1,056	1,125	1,176	1,238	1,377	1,439	1,525	1,579
Net Realized & Unrealized Capital Gains on Investments	-	-	-	0.31	-	23	22	65	0.02	3.79	0.13
Other Non-Interest Income	422	828	971	1,049	1,125	1,134	1,216	1,312	1,439	1,521	1,579
Total Non-Interest Expense	318	348	366	462	436	385	396	342	372	405	393
Other Operating Expenses	208	238	252	265	196	154	152	100	105	107	119
Depreciation Expense	110	110	113	137	240	231	236	239	263	260	266
Impairment Charge	-	0.00	0.00	59	-	0.00	0.00	3.30	-2.19	0.00	0.00
Other Special Charges	-	-	-	-	-	-	8.23	-	6.46	37	8.66
Nonoperating Income / (Expense), net	-	-	-	-1.65	-322	-282	-279	-307	-311	-321	-349
Income Tax Expense	7.44	7.55	9.79	4.96	4.76	3.88	28	17	2.00	2.13	2.23
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	0.04	19	21	23	25
Basic Earnings per Share	$1.12	$1.62	$1.80	$1.59	$1.82	$2.31	$2.27	$2.71	$2.78	$2.87	$2.95
Weighted Average Basic Shares Outstanding	114.43M	178.59M	333.10M	368.30M	215.10M	232.78M	247.54M	262.35M	271.50M	274.83M	283.22M
Diluted Earnings per Share	$1.08	$1.60	$1.79	$1.58	$1.81	$2.30	$2.26	$2.70	$2.77	$2.87	$2.95
Weighted Average Diluted Shares Outstanding	114.43M	178.59M	333.10M	368.30M	215.10M	232.78M	247.54M	262.35M	271.50M	274.83M	283.22M
Weighted Average Basic & Diluted Shares Outstanding	114.43M	178.59M	333.10M	368.30M	215.10M	232.78M	247.54M	262.35M	271.50M	274.83M	283.22M
Cash Dividends to Common per Share	$2.18	$2.32	$2.50	$2.57	$2.74	$2.50	$2.86	$2.85	$3.15	$3.04	$3.10

This table shows Gaming and Leisure Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	156	184	211	174	208	185	217	165	151	241	267
Consolidated Net Income / (Loss)	160	189	217	180	214	190	224	170	156	248	275
Net Income / (Loss) Continuing Operations	160	189	217	180	214	190	224	170	156	248	275
Total Pre-Tax Income	160	190	218	180	215	191	224	171	157	249	276
Total Revenue	357	360	370	289	381	388	386	395	395	398	407
Net Interest Income / (Expense)	0.00	0.00	1.04	-87	1.84	3.35	-	0.00	3.66	4.02	8.35
Total Interest Income	0.00	0.00	1.04	0.00	1.84	3.35	-	0.00	3.66	4.02	8.35
Total Non-Interest Income	357	360	369	376	379	385	386	395	391	394	399
Other Non-Interest Income	319	321	481	332	333	333	513	347	343	346	542
Total Non-Interest Expense	90	90	98	95	91	90	91	97	99	98	99
Other Operating Expenses	25	26	26	30	26	25	27	32	30	30	26
Depreciation Expense	66	66	66	65	65	65	65	65	69	67	64
Nonoperating Income / (Expense), net	-78	-79	-78	9.23	-79	-81	-84	-88	-85	-88	-87
Income Tax Expense	0.04	0.48	0.96	0.64	0.41	0.52	0.57	0.56	0.55	0.56	0.56
Net Income / (Loss) Attributable to Noncontrolling Interest	4.51	5.30	5.96	5.06	6.16	5.41	6.40	5.17	4.73	7.29	8.06
Basic Earnings per Share	$0.59	$0.70	$0.79	$0.64	$0.77	$0.67	$0.79	$0.60	$0.55	$0.85	$0.95
Weighted Average Basic Shares Outstanding	262.64M	267.02M	271.50M	271.50M	274.39M	274.39M	274.83M	274.83M	283.01M	283.01M	283.22M
Diluted Earnings per Share	$0.59	$0.70	$0.78	$0.64	$0.77	$0.67	$0.79	$0.60	$0.54	$0.85	$0.96
Weighted Average Diluted Shares Outstanding	262.64M	267.02M	271.50M	271.50M	274.39M	274.39M	274.83M	274.83M	283.01M	283.01M	283.22M
Weighted Average Basic & Diluted Shares Outstanding	262.64M	267.02M	271.50M	271.50M	274.39M	274.39M	274.83M	274.83M	283.01M	283.01M	283.22M

This table details how cash moves in and out of Gaming and Leisure Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	5.90	-5.32	-7.50	-6.54	1.04	482	238	-486	445	-221	-238
Net Cash From Operating Activities	320	514	599	654	750	428	804	920	1,009	1,073	1,129
Net Cash From Continuing Operating Activities	320	514	599	654	750	406	804	920	1,009	1,073	1,129
Net Income / (Loss) Continuing Operations	128	289	381	340	391	506	534	703	755	808	850
Consolidated Net Income / (Loss)	128	289	381	340	391	506	534	703	755	808	850
Provision For Loan Losses	-	-	-	-	13	0.00	8.23	6.90	6.46	37	8.66
Depreciation Expense	110	116	124	148	259	243	252	255	276	273	283
Amortization Expense	14	15	13	12	11	11	9.93	9.98	9.86	0.39	24
Non-Cash Adjustments to Reconcile Net Income	72	75	82	136	71	-336	-3.59	-46	-39	-64	-25
Changes in Operating Assets and Liabilities, net	-4.24	19	-0.32	18	4.87	-18	3.08	-8.72	0.32	18	-12
Net Cash From Investing Activities	-14	-3,219	0.70	-1,510	-2.82	-9.49	-1,031	-354	-651	-1,606	-309
Net Cash From Continuing Investing Activities	-14	-3,219	0.70	-1,510	-2.82	-9.49	-1,031	-354	-651	-1,606	-309
Purchase of Property, Leasehold Improvements and Equipment	-19	-3.44	-3.26	-4.28	-3.02	-3.60	-16	-24	-47	-40	-304
Purchase of Investment Securities	0.00	-3,268	-83	-1,547	0.00	-5.90	-1,080	-479	-603	-1,909	-554
Sale of Property, Leasehold Improvements and Equipment	0.31	1.13	0.93	3.21	0.20	0.02	2.09	149	0.00	0.00	0.13
Divestitures	-	-	-	-	0.00	0.00	59	0.00	0.00	1.80	0.00
Sale and/or Maturity of Investments	4.65	52	86	38	-	-	-	0.00	0.00	341	550
Net Cash From Financing Activities	-300	2,699	-607	852	-746	63	443	-1,051	86	312	-1,059
Net Cash From Continuing Financing Activities	-300	2,699	-607	852	-746	63	443	-1,051	86	312	-1,059
Issuance of Debt	0.00	2,552	100	2,593	1,359	2,076	795	424	1,078	1,522	1,292
Repayment of Debt	-68	-377	-335	-1,198	-1,497	-2,077	-363	-1,271	-585	-464	-1,826
Payment of Dividends	-252	-428	-529	-550	-589	-231	-634	-771	-834	-831	-872
Other Financing Activities, Net	20	82	18	7.54	-19	294	645	567	428	84	347

This table details how cash moves in and out of Gaming and Leisure Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	2.63	72	603	-472	-117	400	-32	-294	435	148	-527
Net Cash From Operating Activities	252	253	263	258	252	270	292	252	293	240	343
Net Cash From Continuing Operating Activities	252	253	263	258	252	270	292	252	293	240	343
Net Income / (Loss) Continuing Operations	160	189	217	180	214	190	224	170	156	248	275
Consolidated Net Income / (Loss)	160	189	217	180	214	190	224	170	156	248	275
Provision For Loan Losses	28	1.61	-18	23	-3.79	28	-9.94	39	54	-37	-47
Depreciation Expense	69	70	69	69	69	68	68	69	74	72	68
Amortization Expense	2.41	2.41	2.55	0.42	2.69	-43	49	14	3.23	3.42	3.34
Non-Cash Adjustments to Reconcile Net Income	-9.17	-9.52	7.94	-15	-22	29	-36	-6.48	-7.04	-5.97	-5.11
Changes in Operating Assets and Liabilities, net	1.49	-0.10	-16	1.44	-8.21	-0.94	-2.60	-34	14	-40	48
Net Cash From Investing Activities	-24	-189	-16	-448	-156	-572	-429	534	-34	-167	-642
Net Cash From Continuing Investing Activities	-24	-189	-16	-448	-156	-572	-429	534	-34	-167	-642
Purchase of Property, Leasehold Improvements and Equipment	-	-	-	-0.09	-0.46	-	-	-0.04	-0.12	-57	-247
Purchase of Investment Securities	-24	-189	32	-448	-158	-914	-389	-16	-34	-110	-395
Net Cash From Financing Activities	-226	7.85	355	-282	-213	702	105	-1,080	176	74	-228
Net Cash From Continuing Financing Activities	-226	7.85	355	-282	-213	702	105	-1,080	176	74	-228
Repayment of Debt	-60	-15	-10	-64	-0.04	-400	-0.04	-850	-0.02	-978	2.08
Payment of Dividends	-189	-192	-198	-207	-207	-209	-209	-209	-221	-221	-221
Other Financing Activities, Net	8.85	205	170	-12	-6.15	121	-19	-21	397	-19	-9.55

This table presents Gaming and Leisure Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,448	7,369	7,247	8,577	8,434	9,034	10,690	10,930	11,807	13,076	12,910
Cash and Due from Banks	42	37	29	-	27	486	725	239	684	463	224
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	2,220	4,449	4,410	8,106	8,033	8,442	8,629	8,542	9,004	9,241	9,546
Other Assets	98	2,798	2,722	420	361	106	1,336	2,149	2,079	3,373	3,139
Total Liabilities & Shareholders' Equity	2,448	7,369	7,247	8,577	8,434	9,034	10,690	10,930	11,807	13,076	12,910
Total Liabilities	2,702	4,935	4,789	6,312	6,360	6,359	7,300	6,812	7,298	8,430	7,901
Short-Term Debt	-	-	-	-	-	-	64	6.56	7.01	5.80	6.64
Accrued Interest Payable	18	34	33	45	61	72	72	82	83	106	106
Other Short-Term Payables	156	217	287	50	-	-	6.80	6.74	7.45	7.15	10
Long-Term Debt	2,510	4,665	4,443	5,853	5,738	5,755	6,552	6,128	6,628	7,736	7,204
Other Long-Term Liabilities	18	20	25	363	561	532	606	588	573	576	575
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-254	2,434	2,458	2,266	2,074	2,675	3,390	4,118	4,509	4,646	5,008
Total Preferred & Common Equity	-254	2,434	2,458	2,266	2,074	2,675	3,185	3,778	4,157	4,269	4,626
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-254	2,434	2,458	2,266	2,074	2,675	3,189	3,785	4,165	4,277	4,626
Common Stock	936	3,763	3,936	3,955	3,962	4,287	4,956	5,576	6,055	6,213	6,616
Retained Earnings	-1,190	-1,329	-1,478	-1,689	-1,887	-1,612	-1,771	-1,798	-1,898	-1,944	-1,991
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	-	0.00	0.90
Other Equity Adjustments	-	-	-	-	-	0.00	4.35	7.37	7.65	8.22	0.00
Noncontrolling Interest	-	-	-	-	-	0.00	205	340	352	377	382

This table presents Gaming and Leisure Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	10,776	11,116	11,032	11,236	11,784	11,777	12,681	12,133	12,492	12,787
Cash and Due from Banks	59	6.82	9.45	81	212	94	494	169	604	752
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	8,597	9,149	9,083	9,066	8,936	8,874	8,840	9,184	9,136	9,218
Other Assets	2,119	1,960	1,939	2,050	2,584	2,718	3,347	2,780	2,751	2,817
Total Liabilities & Shareholders' Equity	10,776	11,116	11,032	11,236	11,784	11,777	12,681	12,133	12,492	12,787
Total Liabilities	6,828	6,998	6,929	6,925	7,286	7,272	8,056	7,538	7,559	7,831
Short-Term Debt	6.94	6.93	5.08	14	4.69	4.46	-	4.60	5.56	6.70
Accrued Interest Payable	87	78	81	78	87	82	96	73	94	55
Other Short-Term Payables	5.28	1.94	3.80	5.53	1.76	3.62	-	2.23	4.43	8.45
Long-Term Debt	6,126	6,291	6,249	6,246	6,630	6,633	7,413	6,889	6,892	7,201
Other Long-Term Liabilities	603	619	591	581	562	549	548	569	563	559
Total Equity & Noncontrolling Interests	3,947	4,118	4,103	4,310	4,498	4,505	4,625	4,595	4,933	4,956
Total Preferred & Common Equity	3,607	3,765	3,751	3,959	4,127	4,134	4,255	4,215	4,555	4,576
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,607	3,765	3,751	3,959	4,127	4,134	4,255	4,215	4,555	4,576
Common Stock	5,416	5,635	5,654	5,870	6,057	6,063	6,207	6,203	6,611	6,613
Retained Earnings	-1,808	-1,870	-1,903	-1,912	-1,930	-1,928	-1,952	-1,988	-2,057	-2,037
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	0.84	0.93
Noncontrolling Interest	340	353	352	352	371	371	370	379	378	380

This table displays calculated financial ratios and metrics derived from Gaming and Leisure Properties' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.12	$1.62	$1.80	$1.59	$1.82	$2.31	$2.27	$2.71	$2.78	$2.87	$2.95
Adjusted Weighted Average Basic Shares Outstanding	116.69M	207.76M	213.22M	214.64M	215.10M	232.78M	247.54M	262.35M	271.50M	274.83M	283.22M
Adjusted Diluted Earnings per Share	$1.08	$1.60	$1.79	$1.58	$1.81	$2.30	$2.26	$2.70	$2.77	$2.87	$2.95
Adjusted Weighted Average Diluted Shares Outstanding	116.69M	207.76M	213.22M	214.64M	215.10M	232.78M	247.54M	262.35M	271.50M	274.83M	283.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.59	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	116.69M	207.76M	213.22M	214.64M	215.10M	232.78M	247.54M	262.35M	271.50M	274.83M	283.22M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Gaming and Leisure Properties' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.59	$0.70	$0.79	$0.64	$0.77	$0.67	$0.79	$0.60	$0.55	$0.85	$0.95
Adjusted Weighted Average Basic Shares Outstanding	262.64M	267.02M	271.50M	271.50M	274.39M	274.39M	274.83M	274.83M	283.01M	283.01M	283.22M
Adjusted Diluted Earnings per Share	$0.59	$0.70	$0.78	$0.64	$0.77	$0.67	$0.79	$0.60	$0.54	$0.85	$0.96
Adjusted Weighted Average Diluted Shares Outstanding	262.64M	267.02M	271.50M	271.50M	274.39M	274.39M	274.83M	274.83M	283.01M	283.01M	283.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	262.64M	267.02M	271.50M	271.50M	274.39M	274.39M	274.83M	274.83M	283.01M	283.01M	283.22M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Gaming & Leisure Properties (NASDAQ: GLPI) delivered another solid quarter in Q4 2025, with earnings and operating cash flow holding up well even as the company continued to lean on debt, investments, and dividend payouts. Over the last several years, GLPI has shown a consistent pattern of strong profitability, high operating cash generation, and steady dividend distributions, but the balance sheet still reflects meaningful leverage.

Revenue and earnings remain strong: Q4 2025 total revenue was $407.0 million, up modestly from $385.9 million in Q4 2024, while net income rose to $275.4 million from $223.6 million year over year.
Cash generation is healthy: Operating cash flow in Q4 2025 was $343.2 million, a strong result that supports GLPI’s dividend model.
Full-year trend still looks resilient: Across 2025, quarterly net income stayed in the high-$100 million to mid-$200 million range, showing stable profitability.
Book equity continued to grow: Total equity and noncontrolling interests increased to $4.96 billion in Q3 2025 from $4.50 billion in Q2 2024, reflecting ongoing retained value creation.
Interest income improved: Total interest income climbed to $8.4 million in Q4 2025 from $4.0 million in Q3 2025, helping diversify earnings slightly.
Dividend coverage remains a key strength: The company continued to generate substantial operating cash flow relative to quarterly dividends, which were about $221 million in Q4 2025.
Asset base is expanding gradually: Total assets rose to $12.79 billion in Q3 2025 from $11.18 billion in Q1 2024, suggesting continued portfolio growth.
Noncontrolling interests are material: GLPI carries a sizable noncontrolling interest balance, which investors should factor into equity analysis.
Debt remains elevated: Long-term debt stood at $7.20 billion in Q3 2025, while total liabilities reached $7.83 billion, leaving leverage significant.
Cash was sharply lower in Q4 2025: Net change in cash and equivalents was negative $527.4 million for the quarter, largely due to investment outlays and financing activity.

Looking at the broader trend, GLPI’s earnings profile has been remarkably steady since 2023, with quarterly net income generally ranging from roughly $160 million to $275 million. The company’s operating cash flow has also been consistently strong, typically above $240 million per quarter and often closer to $300 million or more.

The main caution is leverage. GLPI continues to rely on debt to support its real estate and investment portfolio, and interest-related costs remain an important risk to monitor. That said, the company’s recurring cash generation and consistent profitability help offset some of that concern.

Bottom line: GLPI looks like a cash-generating REIT with durable earnings and a dependable dividend profile, but investors should keep an eye on debt levels and the size of quarterly cash swings tied to investments and financing.

06/18/26 10:48 PM ETAI Generated. May Contain Errors.

Gaming and Leisure Properties Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Gaming and Leisure Properties' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Gaming and Leisure Properties' net income appears to be on an upward trend, with a most recent value of $850.36 million in 2025, rising from $128.12 million in 2015. The previous period was $807.65 million in 2024. See where experts think Gaming and Leisure Properties is headed by visiting Gaming and Leisure Properties' forecast page.

Over the last 10 years, Gaming and Leisure Properties' total revenue changed from $575.05 million in 2015 to $1.59 billion in 2025, a change of 177.3%.

Gaming and Leisure Properties' total liabilities were at $7.90 billion at the end of 2025, a 6.3% decrease from 2024, and a 192.5% increase since 2015.

In the past 10 years, Gaming and Leisure Properties' cash and equivalents has ranged from $0.00 in 2018 to $724.60 million in 2021, and is currently $224.31 million as of their latest financial filing in 2025.

Related Companies

Financial statements for NASDAQ:GLPI last updated on 2/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Gaming and Leisure Properties (GLPI) Financials

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Gaming and Leisure Properties (GLPI) Financials

Annual Income Statements for Gaming and Leisure Properties

Quarterly Income Statements for Gaming and Leisure Properties

Annual Cash Flow Statements for Gaming and Leisure Properties

Quarterly Cash Flow Statements for Gaming and Leisure Properties

Annual Balance Sheets for Gaming and Leisure Properties

Quarterly Balance Sheets for Gaming and Leisure Properties

Annual Metrics And Ratios for Gaming and Leisure Properties

Quarterly Metrics And Ratios for Gaming and Leisure Properties

Financials Breakdown Chart

Key Financial Trends

Gaming and Leisure Properties Financials - Frequently Asked Questions

When does Gaming and Leisure Properties' financial year end?

How has Gaming and Leisure Properties' net income changed over the last 10 years?

How has Gaming and Leisure Properties' revenue changed over the last 10 years?

How much debt does Gaming and Leisure Properties have?

How much cash does Gaming and Leisure Properties have?

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