Quarterly ResultJul 31, 2026, 12:12 PM
Gaming & Leisure Properties Reports Record Q2, Raises Guidance
AI Summary
Gaming & Leisure Properties, Inc. reported record second-quarter 2026 financial results, with total revenue increasing 9.0% to $430.5 million, AFFO growing 10.1% to $304.0 million, and Adjusted EBITDA rising 12.2% to $405.5 million. The company raised the midpoint of its 2026 AFFO per share guidance to $4.10-$4.12 and increased its quarterly dividend by 5.1% to $0.82 per share. Strategic activities included completing funding for PENN Entertainment's Aurora project and settling a forward sale agreement for $351.0 million.
Key Highlights
- Total Revenue increased 9.0% to $430.5 million for Q2 2026.
- Adjusted Funds From Operations (AFFO) grew 10.1% to $304.0 million.
- Adjusted EBITDA increased 12.2% to $405.5 million.
- Raised 2026 AFFO per share guidance midpoint to $4.10-$4.12.
- Increased quarterly dividend to $0.82 per share, a 5.1% increase.
- Funded $216.3 million for PENN's Hollywood Casino Aurora project, completing $225 million commitment.
- Settled a forward sale agreement, issuing 7.6 million shares and raising $351.0 million.
- Leverage stood at 4.8x net debt to adjusted EBITDA, below target range.
Price Impact
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