Quarterly ResultJul 30, 2026, 04:28 PM
Gaming & Leisure Properties Q2 Net Income $228.4M; EPS $0.80
AI Summary
Gaming & Leisure Properties, Inc. reported a significant increase in net income and EPS for the second quarter and first six months of 2026. Net income attributable to common shareholders for Q2 2026 rose to $228.4 million, or $0.80 per basic share, compared to $151.4 million, or $0.55 per basic share, in the prior year period. The company's total assets grew to $14.16 billion, driven by substantial real estate investments and development funding, including $216.3 million for PENN's Aurora project and the $700 million acquisition of Bally's Lincoln.
Key Highlights
- Net income attributable to common shareholders for Q2 2026 was $228.4 million, up from $151.4 million in Q2 2025.
- Basic earnings per common share for Q2 2026 was $0.80, compared to $0.55 in Q2 2025.
- Total assets increased to $14.16 billion as of June 30, 2026, from $12.91 billion at December 31, 2025.
- Long-term debt, net, rose to $8.08 billion as of June 30, 2026, from $7.20 billion at December 31, 2025.
- Funded $216.3 million for PENN's Aurora landside development project at a 7.75% capitalization rate.
- Acquired Bally's Twin River Casino Resort real estate for $700 million, adding $56 million in annual rent.
- Funded $48.5 million for demolition costs of Tropicana Las Vegas, increasing annual rent by $4.1 million.
- Committed $225.3 million for the Dry Creek Rancheria project, including a $180 million delayed draw term loan.
Price Impact
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