Gaming & Leisure Properties, Inc.

GLPI 10-Q · Q1 2026

GLPI Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Operating Lease Lease Income 356,522 340,252 +4.8%
Interest And Fee Income Loans Commercial Real Estate 52,702 47,764 +10.3%
Sales Type Lease Interest Income Lease Receivable 3,838 3,760 +2.1%
Interest And Fee Income Loans Real Estate Construction 6,923 3,459 +100.1%
Revenue 419,985 395,235 +6.3%
Land Rightsand Ground Lease Expense 13,798 13,555 +1.8%
General & Administrative 17,938 18,713 -4.1%
Depreciation 65,037 65,012 0.0%
Provision For Doubtful Accounts -10,137 39,246 -125.8%
Total Costs & Expenses 86,636 136,401 -36.5%
Operating Income 333,349 258,834 +28.8%
Interest Expense -95,856 -97,272 +1.5%
Other Nonoperating Income 2,737 9,356 -70.7%
Gains Losses On Extinguishment Of Debt -268
Non-Operating Income (Expense) -93,387 -87,916 -6.2%
Income Before Taxes 239,962 170,918 +40.4%
Income Tax Expense (Benefit) 560 564 -0.7%
Net Income 239,402 170,354 +40.5%
Show Equity Components breakouts
Noncontrolling Interest 7,573 5,170 +46.5%
Retained Earnings 231,829 165,184 +40.3%
Net Income Loss Attributable To Noncontrolling Interest -7,573 -5,170 -46.5%
Net Income 231,829 165,184 +40.3%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax -24
Show Equity Components breakouts
Accumulated Other Comprehensive Income -23
Noncontrolling Interest -1
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest 239,378 170,354 +40.5%
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest -7,572 -5,170 -46.5%
Comprehensive Income 231,806 165,184 +40.3%
EPS (Basic) 0.82 0.6 +36.7%
EPS (Diluted) 0.82 0.6 +36.7%
Wtd Avg Shares (Basic) 283,219 274,827 +3.1%
Wtd Avg Shares (Diluted) 283,556 275,403 +3.0%
Net Income Loss Available To Common Stockholders Basic 231,666 165,036 +40.4%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Non-Current Assets
Operating Lease Right-of-Use Assets 1,067,185 1,086,839 -1.8%
Show Fair Value By Asset Class breakouts
Land rights, net 825,840 842,919 -2.0%
Right-of use assets - operating leases 241,345 243,920 -1.1%
Total Assets 13,765,406 12,132,521 +13.5%
Intangible Assets (Q)
Show Fair Value By Asset Class breakouts
Land rights, net 825,840 842,919 -2.0%
Other Assets
Real Estate Investment Property Net 9,224,584
Net Investment In Lease 2,562,869 2,313,156 +10.8%
Net Investment In Sales Type Lease Before Allowance For Credit Loss 250,512 245,661 +2.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 274,513 168,875 +62.6%
Other Assets 86,034 60,128 +43.1%
Non-Current Liabilities
Accounts Payable Current And Noncurrent 6,853 4,596 +49.1%
Interest Payable Current And Noncurrent 81,403 73,153 +11.3%
Employee Related Liabilities Current And Noncurrent 2,981 2,229 +33.7%
Long-Term Debt 8,075,014 6,889,064 +17.2%
Total Liabilities 8,728,577 7,537,993 +15.8%
Other Liabilities
Operating Lease Liability 241,765 244,314 -1.0%
Finance Lease Liability 61,317 60,886 +0.7%
Contract With Customer Liability 206,201 220,025 -6.3%
Other Liabilities 53,043 43,726 +21.3%
Stockholders' Equity
Common Stock 2,832 2,748 +3.1%
Additional Paid In Capital Common Stock 6,611,159 6,200,349 +6.6%
Retained Earnings -1,980,009 -1,987,886 +0.4%
Total Stockholders' Equity 4,634,863 4,215,211 +10.0%
Other Ownership Interests Units Issued 8,581,163
Minority Interest In Operating Partnerships 401,966 379,317 +6.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 5,036,829 4,594,528 +9.6%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 881
Additional Paid In Capital 6,611,159 6,200,349 +6.6%
Common Stock 2,832 2,748 +3.1%
Noncontrolling Interest 401,966 379,317 +6.0%
Retained Earnings -1,980,009 -1,987,886 +0.4%
Total Liabilities & Equity 13,765,406 12,132,521 +13.5%
Accumulated Other Comprehensive Income 881
Real Estate Loans Net 299,709 160,793 +86.4%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 299,709 160,793 +86.4%
Show Financing Receivable Recorded Investment By Class Of Financing Receivable breakouts
Real Estate Loan 299,709 160,793 +86.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 69,307 69,282 0.0%
Amortization Of Financing Costs And Discounts 3,468 3,232 +7.3%
Amortization Of Deferred Hedge Gains -81
Interest Income Paidinkind -7,412 -6,896 -7.5%
Finance Lease Liability Non Cash Adjustment 98 98 0.0%
Stock-Based Compensation 8,104 8,858 -8.5%
Straight Line Rent Adjustments 471 -8,412 +105.6%
Provision For Loan Lease And Other Losses -10,137 39,246 -125.8%
Change in Prepaid & Other Assets -2,049 1,269 -261.5%
Change in Accounts Payable 625 344 +81.7%
Increase Decrease In Interest Payable Net -24,850 -32,599 +23.8%
Increase Decrease In Employee Related Liabilities -7,228 -4,925 -46.8%
Increase Decrease In Property And Other Taxes Payable 511 1,929 -73.5%
Net Cash from Operations 270,229 252,492 +7.0%
Investing Activities
Payments To Acquire Productive Assets -111,478 -12,907 -763.7%
Payments To Acquire Other Real Estate -688,004
Payments For Origination Of Real Estate Loans -54,057 -3,209 -1584.5%
Net Cash from Investing -853,539 534,004 -259.8%
Financing Activities
Payments Of Dividends -221,068 -209,061 -5.7%
Payments To Minority Shareholders -6,856 -6,341 -8.1%
Proceeds Repayments Relatedto Tax Withholding On Restricted Stock Award Vestings Netof Proceedsfrom Exerciseof Options -6,262 -14,805 +57.7%
A T M Programofferingcosts -120
Proceeds From Issuance Of Long Term Debt 2,156,856
Payments Of Financing Costs Net -9,141 8 -114362.5%
Repayments Of Long Term Debt -1,279,900 -850,054 -50.6%
Net Cash from Financing 633,509 -1,080,253 +158.6%
Supplemental
Interest Paid 116,490 125,872 -7.5%
Other Cash Flow
Net Change in Cash 50,199 -293,757 +117.1%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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