Quarterly ResultApr 23, 2026, 04:17 PM
GLPI Q1 Revenue up 6.3% to $420M; Raises 2026 AFFO Guidance
AI Summary
Gaming and Leisure Properties, Inc. reported record first-quarter 2026 financial results, with total revenue increasing 6.3% year-over-year to $420.0 million and AFFO rising 9.2% to $297.1 million. The company raised its 2026 AFFO per share guidance to a range of $4.08 to $4.12, reflecting strong momentum and recent accretive transactions. GLPI completed two acquisitions totaling $727 million, including a $27 million land purchase in Virginia, marking its entry into the 21st state.
Key Highlights
- Q1 2026 Total Revenue increased 6.3% to $420.0 million.
- Q1 2026 AFFO grew 9.2% to $297.1 million.
- Raised 2026 AFFO per share guidance to $4.08-$4.12.
- Completed $727 million in accretive transactions in Q1.
- Acquired Virginia land for $27 million at an 8.0% cap rate.