Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1866.7%
Neutral725.9%
Bearish27.4%
1 unmapped firm rating excluded from the percentages.
Gaming and Leisure Properties, Inc. · GLPI · FY2025 Q4 · Calendar Q1 2026
GLPI Reaffirms 2026 AFFO Outlook as Development Pipeline Expands
GLPI’s thesis rests on contracted rent growth and a pipeline of acquisitions and developments, with management pointing to rent escalations, new assets and partnership projects. The supplied analysis describes confident management and a maintained 2026 AFFO outlook, but the investment case depends on project execution, tenant health and disciplined funding.
Reported After market closeNASDAQReal Estate
$11.34B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.95
Consensus $0.76
EPS surprise
+25.8%
Reported versus consensus
Reported revenue
$407.0M
Consensus $405.2M
Revenue surprise
+0.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-0.2%
Event window
SPY move
+0.7%
Same window
Abnormal move
-0.9%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-2.6%
Up to 20 sessions
GLPISPY benchmark
Ask FN2 about GLPI FY2025 Q4
Transcript, numbers and history already loaded
Why did GLPI fall 0.2% after beating EPS estimates in FY2025 Q4?What changed in GLPI's guidance and outlook in FY2025 Q4?Give me the bull and bear case for GLPI after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management reaffirmed 2026 AFFO guidance and discussed a $2.6 billion pipeline spanning development and acquisitions. The call highlighted Bally’s Lincoln, Chicago, Virginia and tribal projects; the previous quarter emphasized Bally’s-related activity, the Chicago project and a broader transaction pipeline. Guidance periods differ, so the supplied analysis does not establish a like-for-like change in the outlook.
Guidance delta
Management maintained 2026 AFFO guidance at $1.207–$1.222 billion. The supplied prior-quarter analysis refers to full-year AFFO guidance for a different period, so a directly comparable quarter-over-quarter guidance change is not established.
Key takeaways
- Cash-rent growth is tied to acquisitions and lease escalations, according to the supplied call analysis.
- Management cited a $2.6 billion development and acquisition pipeline and 2026 capital deployment of $575–$650 million.
- The analysis reports 2026 AFFO guidance of $1.207–$1.222 billion and leverage at 4.6x.
Management priorities
- Advance the Chicago hotel tower and pursue the stated opening target in the first half of 2027.
- Proceed with Virginia and tribal projects while evaluating New York participation with limited exposure.
- Continue selective capital deployment and monitor regulatory and tax considerations.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$39.34Current
$43Low
$50.97Average
$57High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Oct 20, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 20, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 19, 2026 |
| Macquarie | Outperform | Outperform | Maintain | Oct 7, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Oct 2, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Sep 24, 2026 |
| JP Morgan | Neutral | Overweight | Downgrade | Sep 24, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 17, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Sep 2, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 10, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Stifel | Hold | Hold | Maintain | Jul 31, 2026 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Apr 1, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Dec 18, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Nov 20, 2024 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Aug 23, 2024 |
| Raymond James | Outperform | Outperform | Maintain | Aug 21, 2024 |
| UBS | Buy | Buy | Maintain | Jul 16, 2024 |
| Wedbush | Outperform | Outperform | Maintain | May 17, 2024 |
| Keybanc | Overweight | Downgrade | Mar 9, 2023 | |
| B of A Securities | Underperform | Buy | Downgrade | Jan 10, 2022 |
| Jefferies | Buy | Hold | Upgrade | Nov 2, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Apr 22, 2020 |
| Nomura | Buy | Neutral | Upgrade | Mar 25, 2020 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Apr 15, 2019 |
| Bank of America | Underperform | Underperform | Maintain | Apr 17, 2018 |
| Susquehanna | Neutral | Neutral | Maintain | Jul 9, 2015 |
| Credit Suisse | Outperform | Outperform | Maintain | Oct 29, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $39.34. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Barry Jonas | $55 | $39.26 | +39.8% | Oct 20, 2026 |
| Barclays | Analyst unavailable | $44 | $38.82 | +11.8% | Oct 20, 2026 |
| Scotiabank | Analyst unavailable | $43 | $38.48 | +9.3% | Sep 24, 2026 |
| Scotiabank | Greg McGinniss | $49 | $40.15 | +24.6% | Sep 17, 2026 |
| Morgan Stanley | Analyst unavailable | $50 | $40.35 | +27.1% | Sep 17, 2026 |
| Mizuho Securities | Analyst unavailable | $48 | $41.8 | +22.0% | Sep 2, 2026 |
| Wells Fargo | Analyst unavailable | $43 | $42.07 | +9.3% | Sep 1, 2026 |
| Scotiabank | Analyst unavailable | $50 | $43.31 | +27.1% | Aug 13, 2026 |
| Raymond James | Analyst unavailable | $47 | $43.4 | +19.5% | Aug 13, 2026 |
| RBC Capital | Analyst unavailable | $52 | $44.44 | +32.2% | Aug 3, 2026 |
| Stifel Nicolaus | Analyst unavailable | $49 | $44.71 | +24.6% | Jul 31, 2026 |
| Barclays | Richard Hightower | $50 | $44.51 | +27.1% | Jul 22, 2026 |
| Wells Fargo | Analyst unavailable | $45 | $43.84 | +14.4% | Jul 15, 2026 |
| Morgan Stanley | Analyst unavailable | $55 | $43.61 | +39.8% | Jul 6, 2026 |
| UBS | Analyst unavailable | $49 | $45.12 | +24.6% | Jun 18, 2026 |
| Scotiabank | Analyst unavailable | $52 | $48.03 | +32.2% | May 12, 2026 |
| Stifel Nicolaus | Analyst unavailable | $50 | $47.39 | +27.1% | Apr 24, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $53 | $48.95 | +34.7% | Mar 9, 2026 |
| Stifel Nicolaus | Analyst unavailable | $48.5 | $46.85 | +23.3% | Feb 12, 2026 |
| Barclays | Analyst unavailable | $53 | $46.24 | +34.7% | Feb 12, 2026 |
| Scotiabank | Analyst unavailable | $48 | $44.79 | +22.0% | Feb 2, 2026 |
| Morgan Stanley | Ronald Kamdem | $53 | $44.71 | +34.7% | Dec 24, 2025 |
| Mizuho Securities | Analyst unavailable | $50 | $44.25 | +27.1% | Dec 17, 2025 |
| Stifel Nicolaus | Simon Yarmak | $47.75 | $44.02 | +21.4% | Dec 15, 2025 |
| Barclays | Richard Hightower | $52 | $43.26 | +32.2% | Dec 3, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $49 | $45.1 | +24.6% | Nov 6, 2025 |
| Barclays | Analyst unavailable | $54 | $44.83 | +37.3% | Oct 20, 2025 |
| Cantor Fitzgerald | Richard Anderson | $51 | $46.61 | +29.6% | Oct 1, 2025 |
| Wedbush | Analyst unavailable | $55 | $47.76 | +39.8% | Apr 28, 2025 |
| JMP Securities | Mitch Germain | $55 | $50.49 | +39.8% | Oct 29, 2024 |
| Wolfe Research | Andrew Rosivach | $57 | $50.71 | +44.9% | Aug 22, 2024 |
| Truist Financial | Barry Jonas | $60 | $49.45 | +52.5% | Jul 26, 2024 |
| Stifel Nicolaus | Simon Yarmak | $51 | $45.68 | +29.6% | May 17, 2024 |
| Raymond James | RJ Milligan | $54 | $45.83 | +37.3% | Dec 8, 2021 |
| CBRE | John DeCree | $55 | $45.24 | +39.8% | Dec 7, 2021 |
| Jefferies | David Katz | $57 | $44.86 | +44.9% | Dec 6, 2021 |
| UBS | Robin M. Farley | $54 | $45.7 | +37.3% | Aug 4, 2021 |
| KeyBanc | Todd Thomas | $52 | $45.08 | +32.2% | Jun 7, 2021 |
| Ladenburg Thalmann & Co. | John Massocca | $52.5 | $43.34 | +33.5% | May 27, 2021 |
| Citigroup | Smedes Rose | $50 | $43.29 | +27.1% | Apr 21, 2021 |
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Start freeCompany context
Snapshot as of publicationGaming and Leisure Properties, Inc. is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Gaming and Leisure Properties, Inc. was incorporated in 2013, Pennsylvania, USA.
Historical context
All GLPI earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CUBE CubeSmart | FY2026 Q3 · Calendar Q4 2026 | +2.3% | +4.0% | CubeSmart returns to positive NOI and FFO growth in Q3 |
| FRT Federal Realty Investment Trust | FY2026 Q3 · Calendar Q4 2026 | +3.9% | -1.1% | Federal Realty raises 2026 FFO outlook as leasing stays strong |
| WY Weyerhaeuser Company | FY2026 Q3 · Calendar Q4 2026 | +128.3% | +3.0% | Weyerhaeuser: Timberlands Strengthen as Growth Projects Advance |
| DLR-PL Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty raises guidance as AI demand lifts leasing and backlog |
Latest beats and misses
Who reports nextBeat on EPS
- CUBEFY2026 Q3 · October 29, 2026+2.3% EPS+4.0% move
- SNYFY2026 Q3 · October 30, 2026+30.8% EPS+2.8% move
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the GLPI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-03T00:10:40.336535+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T00:10:40.333823+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.