Gaming and Leisure Properties, Inc. reports recurring developments as a gaming-focused real estate investment trust that acquires, finances and owns casino and related real estate leased to gaming operators under triple-net lease arrangements. News commonly covers operating results, FFO, AFFO, adjusted EBITDA, dividends, guidance and supplemental investor presentations.
Company updates also include real estate acquisitions, development funding commitments, master lease activity, tenant relationships and capital deployment tied to gaming properties. GLPI news frequently connects portfolio growth with financing actions, debt capacity and the economics of long-term leases in which tenants are responsible for property maintenance, insurance, taxes and utilities.
Gaming and Leisure Properties (NASDAQ: GLPI) posted a new investor presentation on March 6, 2026. The presentation provides additional detail for investors on items of significance to GLPI's success and prospects.
Investors can access it via the Investor Relations > Presentations section on GLPI's website.
PENN Entertainment (Nasdaq: PENN) reported Q4 2025 results with total revenues of $1,806.2 million and Consolidated Adjusted EBITDA of $225.8 million. Interactive revenues were $398.7 million with an adjusted EBITDA loss of $39.9 million. Liquidity was $1.1 billion including cash of $686.6 million. The company expects 20% segment adjusted EBITDAR growth in 2026, break-even Interactive adjusted EBITDA, >$10.0 million in annualized corporate savings, and reduced leverage (>-1 turn lease adjusted; >-2 turns traditional).
PENN received $150.0 million funding from GLPI and expects ~$225.0 million near the Aurora project opening.
Gaming and Leisure Properties (NASDAQ: GLPI) priced $800,000,000 of 5.625% senior notes due March 1, 2036, at 99.857% of par. The notes will be senior unsecured obligations of the issuers and guaranteed by GLPI.
Net proceeds are intended to repay borrowings under the operating partnership’s term loan credit facility, with remaining proceeds for working capital, general corporate purposes, and potential acquisitions, developments, repayment of indebtedness and capital expenditures. The offering is expected to close on March 4, 2026.
Gaming and Leisure Properties (NASDAQ: GLPI) reported record fourth quarter and full-year 2025 results: Q4 total revenue $407.0M (+4.5% YoY) and Q4 AFFO $290.0M (+7.5% YoY). The board declared a Q1 2026 dividend of $0.78 payable March 27, 2026.
Key transactions include the $700M Lincoln acquisition, a $467M Cordish commitment (land $27M), and a $2.6B development pipeline. Full-year 2026 AFFO guidance is $1.207B–$1.222B or $4.06–$4.11 per diluted share. Net leverage ended at 4.6x, below target.
Gaming and Leisure Properties (NASDAQ: GLPI) acquired the real estate assets of Bally’s Lincoln in Lincoln, Rhode Island, for $700.0 million. The purchase carries initial cash rent of $56.0 million (an 8.0% cap rate, 12.5x multiple) and will add the property to GLPI’s Bally’s Master Lease II.
The lease extends to 2039 with four 5-year renewal options, CPI-indexed escalators (1.0% floor, 2.0% ceiling), and is expected to be immediately accretive to AFFO per share. Pro forma rent coverage is >2.2x and four-wall coverage for Bally’s Lincoln is >1.9x. The transaction is primarily debt-funded; net debt to adjusted EBITDA is expected to remain below the low end of GLPI’s 5.0x–5.5x target range at close.
Bally’s Corporation (NYSE: BALY) entered a new term loan credit facility due 2031 providing $1.1 billion of funded term loans and completed a previously announced sale‑leaseback of Twin River Lincoln real estate for $700 million before expenses and taxes.
Initial cash rent for Twin River Lincoln is $56 million per annum with customary escalators. Proceeds will fund general corporate purposes, development of Bally’s Bronx and Bally’s Chicago, and, together with prior Intralot proceeds, repay in full $1.47 billion of term loans maturing in 2028. The Term Loans are secured by substantially all material company assets, subject to customary exceptions.
Gaming and Leisure Properties (NASDAQ: GLPI) disclosed the federal tax allocation of its 2025 aggregate distributions of $3.10 per share. The company reported total ordinary dividends of $3.001003 per share, a total capital gain distribution of $0.001832 per share, and $0.097165 per share classified as nondividend distributions (return of capital). The company noted its 2025 federal tax return has not been filed, and the allocations were prepared using the best available information as of this release date. Shareholders are advised to consult tax advisors because state and local treatment may differ.
Gaming and Leisure Properties (NASDAQ: GLPI) will release its 2025 fourth quarter financial results after market close on Thursday, February 19, 2026.
The company will host a conference call at 10:00 a.m. ET on Friday, February 20, 2026 with Peter M. Carlino, Chairman and CEO, and senior management to review results, discuss recent events, and answer questions.
A live webcast will be available in the Investor Relations section of the company website at www.glpropinc.com; listeners should access the site at least 15 minutes early to register and install any required audio software. A replay will be available on the website for 90 days. Telephone dial-in and playback numbers and passcode are provided for live participation and replay through Friday, February 27, 2026.
Gaming and Leisure Properties (NASDAQ: GLPI) announced that Michael Borofsky has been appointed to its Board of Directors as an independent director, effective December 8, 2025, subject to customary regulatory approvals.
The appointment expands the board to eight members, seven of whom meet Nasdaq independence standards. Borofsky is founder of Mithrandir Ventures and previously served in senior roles at Gryphon Investors, Pohlad Companies, MacAndrews & Forbes, Skadden and Goldman Sachs. His background highlights experience in gaming, finance, capital allocation, strategy and legal matters intended to support GLPI’s tenant growth and property portfolio strategy.
Gaming and Leisure Properties (NASDAQ: GLPI) updated progress across five development financings totaling approximately $1.5 billion of GLPI capital commitments for projects with Caesars, Bally’s, PENN, and the Ione Band of Miwok Indians.
Key actions: funded $45M of a $200M term loan B for Caesars Republic Sonoma County (part of a $225M GLPI commitment); advanced funding of $76M to Bally’s Chicago (leaving ~$739M available under $940M commitment); funded $92.5M of $111M for Bally’s Baton Rouge (9.0% incremental rental yield); funded $150M for PENN’s M Resort expansion at a 7.79% cap rate; and funded $56.6M of $110M for Acorn Ridge (opening Feb 2026).