Gaming and Leisure Properties, Inc. (GLPI) is a publicly traded company in the Real Estate — REIT - Specialty industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Gaming 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...
Is Gaming and Leisure Properties, Inc. stock overvalued or undervalued in 2026?
Gaming and Leisure Properties, Inc. (GLPI) trades at 11.5× earnings (P/E). At its 10-year average P/FFO (13.3×) $53 (+34 %); at the decade median (12.6×) $50 (+27 %).
Kaplio overview: Gaming and Leisure Properties, Inc.
Market cap $11B · 52 weeks $38 – $50 (19 % below the high) · P/E 11.5× · 2027 expected P/E 11.9× · Dividend 8.0 % · Closing price, Oct 29 · accounts published Jul 30.
- Valuation: P/FFO 10.0× (expensive).
- Business: FFO/dividend 1.3× (solid).
- Balance sheet: Net debt/EBITDA 5.0× (solid).
- Earnings: 5 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (13.3×) $53 (+34 %); at the decade median (12.6×) $50 (+27 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 3 of 5 pass
- P/FFO 10.0×, fails.
- Debt / Assets 60.4 %, borderline.
- Dividend coverage (FFO/div) 1.3×, passes.
- Net debt / EBITDA 5.0×, passes.
- FFO Payout (proxy) 77.2 %, passes, near the threshold.
- FFO / Share $3.96, info.
Against its peers (reference peers) — Gaming and Leisure Properties, Inc.: P/B 2.2×; Div. yield 8.0 %; EV/EBITDA 11.6×; $11.5B. EPR Properties (P/B 1.9×; Div. yield 6.2 %; EV/EBITDA 13.3×; $4.5B), VICI Properties Inc. (P/B 0.9×; Div. yield 7.4 %; EV/EBITDA 9.6×; $27.0B), Weyerhaeuser Company (P/B 1.5×; Div. yield 4.2 %; EV/EBITDA 16.2×; $14.2B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 10.0× · median 12.6× · minimum 10.0× · maximum 21.7× · cheap below 11.9× · expensive above 14.3×. It has been cheaper than today only 0% of the time over its last ten fiscal years.
Dividend
tight · Yield 8.0 % ($3.12 per share in 2025) · Years raising it 1 · 5-year growth +24 % a year · Free cash flow coverage FFO payout 77 % · With $1,000 invested today you'd collect $80.30 a year ($6.69 a month).
Profitability
| Return on Equity | 20.59% |
| Return on Invested Capital | 9.87% |
| Return on Assets | 6.84% |
| Gross Margin | 47.05% |
| Operating Margin | 82.61% |
| Net Margin | 58.53% |
Financial Health
| Debt / Equity | 1.68 |
| Current Ratio | 9.43 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.18 |
Price Performance
| 1 month | +1.26% |
| 3 months | -14.15% |
| Year-to-date | -13.96% |
| 1 year | -10.04% |
| 3 years | -15.29% |
| 5 years | -20.71% |
| 10 years | +20.04% |
Dividend History
Paid in the last 12 months: $3.2000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-11 | $0.8200 |
| 2026-06-12 | $0.8200 |
| 2026-03-13 | $0.7800 |
| 2025-12-05 | $0.7800 |
| 2025-09-12 | $0.7800 |
| 2025-06-13 | $0.7800 |
| 2025-03-14 | $0.7600 |
| 2024-12-06 | $0.7600 |
| 2024-09-13 | $0.7600 |
| 2024-06-07 | $0.7600 |
Amounts adjusted for stock splits.
Related companies: VICI · EPR · EQIX · 0II4.L · AMT · 0HEU.L · DLR · CCI
Explore sector: Real Estate · REIT - Specialty
More sections of GLPI: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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