Gaming and Leisure Properties (GLPI)
NASDAQReal EstateReit - SpecialtySnapshot 2026-09-04
$41.92-1.04%
Close 2026-09-04 · 1-day change
NASDAQReal EstateReit - SpecialtySnapshot 2026-09-04
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 | 31.8% |
| Our one-year growth estimate | diamond | 7.8% |
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
Most sensitive to real (inflation-adjusted) rates.
Based on historical daily prices through 2026-09-04.
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 24.0 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 13 industry peers
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: This ratio shows the company's financial health and its ability to grow without new stock.
Watch forNet debt to adjusted EBITDA ratio remains below 5.0x.
Also watch forNet debt to adjusted EBITDA ratio exceeds 5.5x.
Why it matters: Changes in dividends can show financial health and management's trust in cash flow.
Supportive ifThe quarterly dividend is now above $0.78 per share.
Worry ifThe quarterly dividend remains at $0.78 or is cut.
Why it matters: Strong tenant performance supports GLPI's lease coverage and growth. Weak performance could signal challenges ahead.
Watch forSame-store operators show good growth compared to last year.
Also watch forSame-store operators show less growth compared to last year.
Why it matters: Higher dividends show strong cash flow and a promise to return money to shareholders.
Supportive ifThe company announces a dividend increase to more than $0.78 per share.
Worry ifThe company maintains or decreases the dividend at $0.78 per share.
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 · 2.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,472 loss on $10,000 · 14.7% | 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: High lease coverage means tenant stability. This helps GLPI's revenue and AFFO.
Supportive ifMost leases have rent coverage above 1.8x.
Worry ifLease coverage is below 1.8x. This may indicate problems with tenants.
Why it matters: Completing this project can increase revenue. It can also help tenant relationships.
Supportive ifThe Live! Virginia Casino & Hotel opens on schedule in late 2027.
Worry ifDelays in the project push the opening past late 2027.
Why it matters: Faster revenue growth shows a positive change in the sector's maturity.
Watch forRevenue growth speeds up to over 10% year over year.
Also watch forRevenue growth remains below 5% year over year.
Why it matters: The company raised its AFFO guidance, which reflects its growth outlook. Confirmation of this guidance would support investor confidence.
Supportive ifAFFO for 2026 confirmed between $1.212 billion and $1.223 billion.
Worry ifAFFO guidance revised down from the current range.
Why it matters: A higher dividend shows that management wants to give value to shareholders and has good cash flow.
Supportive ifManagement announces a dividend increase to more than $0.82 per share.
Worry ifManagement keeps or lowers the dividend to less than $0.82 per share.
Why it matters: Economic indicators can change how much consumers spend. This affects GLPI's tenants.
Watch forConsumer Price Index shows an increase of more than 3% from last year.
Also watch forConsumer Price Index shows a decrease of less than 1% from last year.
Why it matters: Finishing this funding will help growth. It will also support management's plans.
Supportive ifManagement says they will finish the $400M to $450M funding by year-end.
Worry ifManagement delays or cuts the planned funding to less than $300M.
Why it matters: Tenant performance affects lease coverage and revenue. This impacts GLPI's financial health.
Watch forSame-store operator results show gains of over 5% from last year.
Also watch forSame-store operator results show drops of over 5% from last year.
Why it matters: More cash flow can lead to higher dividends. It also helps keep operations steady.
Supportive ifCash from operations grows by more than 10% each year.
Worry ifCash from operating activities declines or grows less than 5% year over year.
Why it matters: An update to the AFFO guidance would show how well GLPI is managing growth. It reflects their ability to drive earnings.
Supportive ifManagement raises the AFFO per share guidance above $4.12 for 2026.
Worry ifManagement lowers the AFFO per share guidance below $4.08 for 2026.
Why it matters: This funding will support GLPI's growth and is key to their AFFO per share growth strategy.
Supportive ifGLPI completes the planned development funding of $400 million to $450 million by the end of 2026.
Worry ifGLPI fails to complete at least $300 million of the planned development funding by the end of 2026.
Why it matters: If GLPI raises its dividend, it shows they care about giving value to shareholders.
Supportive ifGLPI announces a dividend increase above $0.82 per share in Q3.
Worry ifGLPI maintains the dividend at $0.82 per share without any increase.
Why it matters: A rise in leverage could indicate financial strain and impact GLPI's growth strategy.
Worry ifLeverage ratio remains at or below 4.8x by the end of 2026.
Less concerning ifLeverage ratio exceeds 5.0x by the end of 2026.