Gaming and Leisure Properties (GLPI)
NASDAQReal EstateReit - SpecialtySnapshot 2026-11-05
$39.44-0.98%
Close 2026-11-05 · 1-day change
NASDAQReal EstateReit - SpecialtySnapshot 2026-11-05
QuarterlyIQ Insights · GLPI
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 20.7% |
| Our one-year growth estimate | diamond | 6.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the US dollar and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 13.9 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 8 industry peers · Company calendar date is not available
GLPI — credit agreement
Dated 2026-03-10
Entry into a Material Definitive Agreement On March 4, 2026, GLP Capital, L.P. (“GLP”), the operating partnership of Gaming and Leisure Properties, Inc. (“GLPI”), entered into Amendment No. 3 (the “Amendment”) to the Credit Agreement among GLP, Wells Fargo Bank, National Association, as administrative agent, and the several banks and other financial institutions or entities party thereto, dated as of May 13, 2022 (the “Credit Agreement”). Pursuant to the Amendment, GLP borrowed a new $679,000…
Why it matters: GLPI has a large funding commitment tied to the project. An on-time opening would support the plan to grow rent from development.
Supportive ifGLPI or Bally's reports that Chicago remains on schedule for a 2027 opening.
Worry ifGLPI or Bally's reports that the opening moves beyond 2027 or the project is paused.
Why it matters: GLPI tied its growth plan to development funding. Spending near the stated level would show projects are moving ahead as planned.
Supportive ifGLPI reports about $800 million in total 2026 development spending. This includes the planned extra $265 million.
Worry ifGLPI reports 2026 development spending below $750 million. Or it delays major planned funding.
Why it matters: The Prologis joint venture could turn GLPI land into a large warehouse park. City approval and phase work would confirm the project is advancing.
Supportive ifThe City of Joliet approves the plan. The joint venture starts phase one of the park, with five buildings and 3.8 million square feet.
Worry ifThe City of Joliet rejects the plan, or Prologis does not proceed with phase one and the later phase options lapse.
Why it matters: GLPI raised its 2026 AFFO per share range to $4.11–$4.12. Results above the range would show growth is running ahead of that plan.
Supportive ifGLPI reports 2026 AFFO per share above $4.12.
Worry ifGLPI reports 2026 AFFO per share below $4.11.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$87 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $205 loss on $10,000 · 2.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,331 loss on $10,000 · 23.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: GLPI plans to fund projects while keeping leverage near the low end of its target range. A rise above 5.5x could limit that financial flexibility.
Worry ifGLPI reports net debt to adjusted EBITDA above 5.5x.
Less concerning ifGLPI reports leverage at or below 5.0x as it funds its announced development plans.