Gaming and Leisure (GLPI) AI Stock Analysis

• Market Cap: $13.68B
• Dividend Yield: 6.32%
• Average Volume (3M): 1.88M
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.32
• Revenue Growth: 5.38%
• EPS Growth: -9.82%
• Country: US
• Employees: 19
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Specialty
• EPS (TTM): 0.54
• Shares Outstanding: 283,008,240
• 10 Day Avg. Volume: 1,918,889
• 30 Day Avg. Volume: 1,881,035
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.46
• Enterprise Value/Revenue: 12.74
• Enterprise Value/Gross Profit: 13.76
• Enterprise Value/Ebitda: 14.56
• 1Y Price Target: $51.02
• Price Target Upside: 5.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 72 Outperform
• Price Target: $52.00 ▲(7.37% Upside)

Gaming and Leisure's overall stock score reflects strong financial performance and attractive valuation, balanced by neutral technical indicators and mixed corporate events. The company's robust revenue growth and high dividend yield are significant strengths, while increased operating expenses and leadership changes present potential risks.

Positive Factors

Dividends

The dividend was raised by 2.6%, providing a higher return for investors.

Investment and Development

GLPI is investing $130 million in the new Hollywood Casino Joliet project, indicating ongoing investment in new developments.

Negative Factors

Project Delays

The delay of the flagship project of Bally's Chicago has impacted growth expectations, reducing the projected growth rate to below the group average.

Strategic Leadership

The position of SVP and Chief Investment Officer was eliminated, raising questions about the company's strategic leadership.

Gaming and Leisure Business Overview & Revenue Model

Company Description

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

How the Company Makes Money

GLPI generates revenue primarily through rental income from its leased properties. The company enters into long-term lease agreements with casino operators, which typically include fixed rent escalations and additional rent based on the performance of the properties. This structure provides GLPI with a consistent cash flow. Key revenue streams include base rental payments and income from property management services. Additionally, GLPI may benefit from strategic partnerships with gaming operators that enhance property value and operational efficiency. The company's focus on stable, cash-flowing assets in the gaming sector, along with its diversified portfolio, plays a significant role in driving its overall earnings.

Gaming and Leisure Financial Statement Overview

Summary

Gaming and Leisure exhibits strong financial performance with robust revenue growth and profitability margins. The company has improved its leverage position, although it still carries significant debt. Cash flow generation is strong, supporting operations and growth investments.

Income Statement

Gaming and Leisure has demonstrated strong revenue growth, with a TTM revenue growth rate of 91.9%. The company maintains high profitability margins, with a gross profit margin of 92.56% and a net profit margin of 45.91% in the TTM period. EBIT and EBITDA margins are also robust at 69.67% and 87.50%, respectively. However, the net profit margin has slightly decreased from the previous year, indicating some pressure on net income.

Balance Sheet

The company has a relatively high debt-to-equity ratio of 1.58 in the TTM period, which is a decrease from previous years, indicating improved leverage management. Return on equity is solid at 16.62%, reflecting efficient use of equity to generate profits. The equity ratio stands at 36.45%, suggesting a balanced capital structure but with room for improvement in reducing debt levels.

Cash Flow

Operating cash flow and free cash flow have shown consistent growth, with a TTM free cash flow growth rate of 272.1%. The operating cash flow to net income ratio is strong at 2.14, indicating good cash generation relative to net income. The free cash flow to net income ratio is also healthy at 94.03%, suggesting effective conversion of earnings into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.57B	1.53B	1.44B	1.31B	1.22B	1.15B
Gross Profit	1.45B	1.48B	1.39B	1.26B	1.13B	1.07B
EBITDA	1.37B	1.40B	1.34B	1.22B	1.07B	1.01B
Net Income	718.53M	784.62M	734.28M	684.65M	534.05M	505.71M
Balance Sheet
Total Assets	12.49B	13.33B	11.81B	10.93B	10.69B	9.03B
Cash, Cash Equivalents and Short-Term Investments	604.16M	1.02B	683.98M	239.08M	724.60M	486.45M
Total Debt	7.20B	8.04B	6.88B	6.36B	6.79B	5.91B
Total Liabilities	7.56B	8.69B	7.30B	6.81B	7.30B	6.36B
Stockholders Equity	4.55B	4.27B	4.16B	3.78B	3.19B	2.68B
Cash Flow
Free Cash Flow	1.04B	1.03B	961.93M	896.10M	787.58M	424.47M
Operating Cash Flow	1.11B	1.07B	1.01B	920.13M	803.78M	428.08M
Investing Cash Flow	-500.83M	-1.61B	-650.83M	-354.49M	-1.03B	-9.49M
Financing Cash Flow	-98.18M	311.82M	86.35M	-1.05B	443.07M	63.17M

Gaming and Leisure Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 48.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLPI, the sentiment is Positive. The current price of 48.43 is above the 20-day moving average (MA) of 47.20, above the 50-day MA of 47.08, and above the 200-day MA of 47.24, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 62.70 is Neutral, neither overbought nor oversold. The STOCH value of 78.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLPI.

Gaming and Leisure Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RYN	75 Outperform	$4.05B	10.99	36.96%	10.90%	9.90%	137.73%
EPR	74 Outperform	$4.05B	26.22	7.56%	6.53%	1.37%	-16.66%
GLPI	72 Outperform	$13.68B	18.37	16.52%	6.32%	5.38%	-9.82%
CXW	67 Neutral	$2.13B	20.95	7.11%	―	1.62%	55.45%
OUT	66 Neutral	$3.11B	30.75	14.89%	9.06%	-2.49%	-52.99%
PCH	59 Neutral	$3.26B	77.19	2.07%	4.20%	-1.15%	14.51%
Sector *	53 Neutral	$1.21B	3.22	-6.08%	5.78%	-8.30%	-81.83%

Gaming and Leisure Corporate Events

Gaming and Leisure Issues $1.3 Billion in Senior Notes

On August 13, 2025, Gaming and Leisure Properties, Inc. announced that its operating partnership, GLP Capital, L.P., along with its subsidiary GLP Financing II, Inc., entered into an underwriting agreement to issue $1.3 billion in senior notes. The proceeds will be used to redeem existing notes and for general corporate purposes, potentially impacting the company’s financial structure and operational flexibility.

Gaming and Leisure Restructures Leadership with Key Departure

On July 18, 2025, Gaming and Leisure Properties, Inc. announced the elimination of the Senior Vice President and Chief Investment Officer position, affecting Matthew J. Demchyk. A separation agreement was reached, with Mr. Demchyk’s last day set for August 1, 2025. The agreement includes a cash severance package totaling $6,250,000, distributed over a period extending to August 2026, along with continued medical benefits for up to 24 months. This restructuring move may impact the company’s investment strategies and operational focus, potentially influencing stakeholder perceptions.

Gaming and Leisure Shareholders Approve Incentive Plan Amendments

On June 12, 2025, during its Annual Meeting of Shareholders, Gaming and Leisure Properties, Inc. received approval for amendments to its 2013 Long-Term Incentive Compensation Plan, including an increase in reserved shares and changes to share provisions. Additionally, all director nominees were re-elected, and Deloitte & Touche LLP was ratified as the independent registered public accounting firm for 2025. These approvals and re-elections strengthen the company’s governance framework and support its strategic objectives, potentially impacting shareholder value and operational efficiency.