GLPI Reports Q3 2026 Revenue Growth and Raises Full Year AFFO Guidance
Gaming and Leisure Properties, Inc. (GLPI) reported strong third-quarter 2026 financial results, highlighted by a 9.5% year-over-year increase in total revenue to $435.4 million. Adjusted EBITDA rose 13% to $413.9 million, while non-GAAP diluted AFFO per share grew 7.2% to $1.04. The company's robust performance led management to slightly raise its full-year 2026 AFFO guidance to a range of $1.222 billion to $1.225 billion. Strategic capital deployment remains a core focus, with significant commitments including the $700 million Bally's Lincoln acquisition and the ongoing $940 million Chicago project. Despite noting that triple net REIT equity valuations have faced market volatility, GLPI maintains a leverage ratio of 4.8x, which sits below its target range of 5 to 5.5x. The company continues to generate significant cash income through property acquisitions and lease escalations.
Topics: acquisitions AFFO guidance capital expenditure leverage ratio revenue growth