Gaming and Leisure Properties Inc. Common Stock (GLPI)

FairStock Score: 77/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Gaming and Leisure Properties is a simple rent-collecting business. It owns casino real estate and leases it to gaming operators under triple-net leases, so tenants pay maintenance, insurance, taxes, and utilities. With only 20 employees, the company keeps operations lean. The filed figures show steady progress: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $430.5 million, net income was $228.4 million, and diluted EPS was $0.80. A year earlier, in fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $394.9 million, net income was $151.4 million, and diluted EPS was $0.54. For FY2025, ended 2025-12-31, revenue was $1.6 billion, net income $825.1 million, and diluted EPS $2.95. That is real growth, and the latest quarter's net margin was 53.06%. Financial health is mixed. Trailing free cash flow was $627.7 million. At the 2026-10-13 close, FairStock shows an 8.28% dividend yield, a 5.6% FCF yield, P/B of 2.24, P/E of 11.21, and PEG of 0.22. But debt-to-equity is 1.56 and the Altman Z-Score is 0.92, which warns of leverage risk. Because FFO/AFFO are not in the data, I cannot properly judge REIT earnings; I lean on dividend yield, leverage, revenue trend, and price-to-book. The stock at $38.35 is near the low end of its 52-week range, and FairStock scores it 77/100, but the balance sheet deserves close attention.

In plain English: Gaming and Leisure Properties owns casino buildings and rents them to casino operators under long-term leases where the tenants pay taxes, upkeep, and insurance. The business looks strong: sales and profits are rising, and most of each sales dollar becomes profit. At the 2026-10-13 close of $38.35, the shares look inexpensive compared with the company's profits and net assets, though the company uses a lot of borrowed money.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer