The earnings call presented a mix of positive revenue growth and operational achievements, especially in rent collection and tribal engagement. However, these were counterbalanced by significant challenges, including increased operating expenses and uncertainties regarding Bally's credit profile and New York project licenses.

Company Guidance

During the second quarter of 2025, Gaming and Leisure Properties, Inc. (GLPI) reported a significant year-over-year increase in revenue, with a $14 million rise in total income from real estate compared to the same period in 2024. This growth was primarily driven by a $22 million increase in cash rent, attributed to acquisitions and escalations. Specific contributions included $5 million from Bally Chicago land, $8 million from Kansas City and Shreveport, and various other strategic acquisitions and loans. Despite a collective decrease of approximately $8.2 million due to non-cash revenue adjustments, the company maintained strong operational metrics. Operating expenses rose by $65.6 million, mainly due to a non-cash adjustment related to a provision for credit losses. GLPI's full-year 2025 Adjusted Funds From Operations (AFFO) guidance stands at $3.85 to $3.87 per diluted share, incorporating anticipated funding from several development projects. Rent coverage ratios for their master leases ranged from 1.69 to 2.72 times at the end of the previous quarter.

Record Year-over-Year Revenue Growth

For the second quarter of 2025, Gaming and Leisure Properties reported a record year-over-year increase in revenue, AFFO, and adjusted EBITDA, driven by a $14 million increase in total income from real estate compared to the second quarter of 2024.

Increase in Cash Rent

Cash rent increased by over $22 million due to acquisitions and escalations, including $5 million from Bally Chicago land and $8 million from Kansas City and Shreveport.

Strong Rent Coverage Ratios

The company's rent coverage ratios range from 1.69x to 2.72x on master leases as of the end of the prior quarter.

Active Tribal Engagement

The company is in advanced discussions with several tribes for potential transactions, indicating a growing interest and education around the type of financing GLPI can provide.

Gaming and Leisure (GLPI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GLPI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.73 / -	0.67	―	―	―
Jul 24, 2025	2025 (Q2)	0.75 / 0.54	0.77	-29.87% (-0.23)	―
Apr 24, 2025	2025 (Q1)	0.74 / 0.60	0.64	-6.25% (-0.04)	―
Feb 20, 2025	2024 (Q4)	0.73 / 0.79	0.78	1.28% (+0.01)	―
Oct 24, 2024	2024 (Q3)	0.74 / 0.67	0.7	-4.29% (-0.03)	―
Jul 25, 2024	2024 (Q2)	0.72 / 0.77	0.59	30.51% (+0.18)	―
Apr 25, 2024	2024 (Q1)	0.70 / 0.64	0.7	-8.57% (-0.06)	―
Feb 27, 2024	2023 (Q4)	0.69 / 0.78	0.75	4.00% (+0.03)	―
Oct 26, 2023	2023 (Q3)	0.69 / 0.70	0.85	-17.65% (-0.15)	―
Jul 27, 2023	2023 (Q2)	0.67 / 0.59	0.61	-3.28% (-0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GLPI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$47.15	$46.68	-1.00%
Apr 24, 2025	$48.22	$46.95	-2.63%
Feb 20, 2025	$47.83	$47.57	-0.54%
Oct 24, 2024	$48.51	$47.49	-2.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Gaming and Leisure (GLPI) report earnings?

Gaming and Leisure (GLPI) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Gaming and Leisure (GLPI) earnings time?

Gaming and Leisure (GLPI) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GLPI EPS forecast?

GLPI EPS forecast for the fiscal quarter 2025 (Q3) is 0.73.

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