GLPI Reports Record Q3 Revenue of $435.4M; Forms JV with Prologis

Gaming & Leisure Properties, Inc. (GLPI) announced record third quarter results, with total revenue increasing 9.5% year-over-year to $435.4 million, Adjusted Funds From Operations (AFFO) growing 10.5% to $311.7 million, and Adjusted EBITDA rising 13.0% to $413.9 million. The company also entered into a joint venture with Prologis to develop a warehouse and distribution park on the former Hollywood Casino Joliet site. While net income decreased to $213.8 million from $248.5 million in the prior year's quarter, AFFO per share saw a 7.2% increase to $1.04. GLPI updated its full-year 2026 AFFO guidance and declared a quarterly dividend of $0.82 per share.