Quarterly ResultJul 30, 2026, 04:18 PM
Gaming & Leisure Q2 Revenue $430.5M, AFFO $1.03; Raises 2026 Guidance
AI Summary
Gaming & Leisure Properties, Inc. reported record second-quarter 2026 financial results, with total revenue increasing 9.0% to $430.5 million and AFFO per diluted share rising to $1.03. The company also raised the midpoint of its 2026 AFFO per share guidance to a range of $4.10 to $4.12, reflecting strong operational performance and recent strategic investments. Key developments include significant funding for tenant developments and a quarterly dividend increase to $0.82 per share.
Key Highlights
- Total Revenue for Q2 2026 increased 9.0% to $430.5 million from $394.9 million in Q2 2025.
- AFFO per diluted common share for Q2 2026 rose to $1.03 from $0.96 in Q2 2025.
- Adjusted EBITDA for Q2 2026 grew 12.2% to $405.5 million from $361.5 million in Q2 2025.
- Raised 2026 AFFO per diluted share guidance midpoint to $4.10-$4.12 from prior $4.08-$4.12.
- Increased quarterly dividend to $0.82 per share, a 5.1% increase over the prior $0.78 dividend.
- Invested $191 million in tenant developments during Q2, including $216.3 million for PENN's Aurora project.
- Issued $800 million of senior notes due March 2036 with a 5.625% coupon in March 2026.
- Leverage stood at 4.8x net debt to adjusted EBITDA as of June 30, 2026, below target range.
Price Impact
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