Gaming & Leisure Properties Inc. (GLPI) recorded higher year-over-year revenue and profitability in the second quarter of 2026. The results were announced late on July 30.
Total revenue for GLPI rose from $394.9 million in 2025 to $430.5 million in the second trimester. Profits for the real estate investment trust (REIT) went from $156.2 million to $234.9 million.
Cash flow also swelled, up to $405.5 million from $361.5 million. GLPI raised its quarterly dividend from $0.78 to $0.82 per share.
“We remain very encouraged by trends across the regional gaming landscape, with same-store operator results showing healthy year-over-year gains through the mid-point of the calendar year, following a strong second quarter for the regional gaming sector,” said CEO Peter Carlino in a prepared statement.
“Recent acquisitions and an expanding base of leading regional gaming operators and tribal relationships are fueling our pipeline, while financial flexibility remains a core tenet,” Carlino continued. The company’s debt-to-cash flow ratio stood at 4.8 times, prompting Carlino to say, “We expect to remain at or near the low end of the target leverage range as we execute on our announced pipeline.”
That pipeline will be augmented by development funding of $400 million to $450 million in the second half of 2026, bringing GLPI’s funding commitments for the year to as much as $800 million.
Stated Carlino, “Looking at the balance of the year, GLPI remains well positioned for growth, both in the near and long-term, supported by our strong operator relationships, our rights and options to participate in select tenants’ future growth and expansion, a healthy deal pipeline, and our ability to competitively structure and fund innovative transactions.”
