Gaming and Leisure (GLPI) AI Stock Analysis

• Market Cap: $12.44B
• Dividend Yield: 7.17%
• Average Volume (3M): 2.04M
• Price to Earnings (P/E): 15.8
• Beta (1Y): 0.29
• Revenue Growth: 4.39%
• EPS Growth: -2.87%
• Country: US
• Employees: 19
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Specialty
• EPS (TTM): 0.85
• Shares Outstanding: 283,008,330
• 10 Day Avg. Volume: 1,767,675
• 30 Day Avg. Volume: 2,037,828
• PEG Ratio: 5.17
• Price to Book (P/B): 3.08
• Price to Sales (P/S): 8.58
• P/FCF Ratio: 12.72
• Enterprise Value/Market Cap: 1.65
• Enterprise Value/Revenue: 13.05
• Enterprise Value/Gross Profit: 13.51
• Enterprise Value/Ebitda: 14.16
• 1Y Price Target: $50.68
• Price Target Upside: 18.03% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12
• EPS Forecast (FY): 2.71
• Revenue Forecast (FY): $1.59B

• Rating: 76 Outperform
• Price Target: $51.00 ▲(18.77% Upside)

Gaming and Leisure Properties, Inc. shows strong financial performance and attractive valuation, supported by a high dividend yield. The earnings call provided positive updates, though some project-related risks remain. Technical indicators suggest caution due to bearish momentum.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust business expansion and effective asset management, contributing to long-term financial stability.

Accretive Transactions

Accretive transactions enhance cash flow and asset base, strengthening the company's market position and future earnings potential.

Solid Balance Sheet

A solid balance sheet with low leverage provides financial flexibility and resilience against economic fluctuations.

Negative Factors

High Debt Levels

High debt levels can strain cash flow and limit financial flexibility, posing risks if interest rates rise or economic conditions worsen.

Declining Free Cash Flow

Declining free cash flow may impact future investments and debt repayments, potentially affecting long-term growth prospects.

Challenges in Chicago Development

Delays and funding reductions in key projects like Chicago can hinder growth and delay expected returns, impacting strategic goals.

Gaming and Leisure Business Overview & Revenue Model

Company Description

Gaming and Leisure Properties, Inc. (GLPI) is a real estate investment trust (REIT) that specializes in the gaming and leisure sectors. The company primarily focuses on acquiring, financing, and owning gaming facilities and properties, including casinos and related amenities. GLPI's portfolio includes properties leased to gaming operators, allowing it to benefit from the growing leisure and entertainment industry, while providing stable returns to its shareholders.

How the Company Makes Money

GLPI generates revenue primarily through long-term triple-net leases with gaming operators, which require tenants to cover property expenses such as maintenance, taxes, and insurance. This structure provides GLPI with a steady and predictable income stream. Additionally, the company may earn income from property sales and financing activities related to its portfolio. Significant partnerships with major gaming operators enhance its revenue potential, as these operators are often well-established and financially stable, thus reducing the risk of default on lease agreements.

Gaming and Leisure Financial Statement Overview

Summary

Gaming and Leisure demonstrates strong revenue growth and profitability with a high gross profit margin. The balance sheet is solid with improved leverage, but high debt levels and declining free cash flow growth pose risks.

Income Statement

Gaming and Leisure has demonstrated strong revenue growth with a TTM increase of 7.84%, indicating robust business expansion. The company maintains high profitability with a gross profit margin of 70.66% and a net profit margin of 50.94% in the TTM period. However, there is a slight decline in margins compared to previous years, which could suggest rising costs or competitive pressures.

Balance Sheet

The balance sheet shows a healthy equity ratio of 35.79%, reflecting a solid capital structure. However, the debt-to-equity ratio has improved significantly to 1.71 in the TTM period, indicating better leverage management. Return on equity remains strong at 17.60%, showcasing efficient use of shareholder funds. Despite these strengths, the company still carries a substantial amount of debt, which could pose risks if interest rates rise.

Cash Flow

Operating cash flow remains strong with a coverage ratio of 1.64, indicating good cash generation relative to net income. However, free cash flow has declined by 4.33% in the TTM period, which could impact future investments or debt repayments. The free cash flow to net income ratio remains robust at 93.10%, suggesting efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.58B	1.53B	1.44B	1.31B	1.22B	1.15B
Gross Profit	1.52B	1.48B	1.39B	1.26B	1.13B	1.07B
EBITDA	1.45B	1.45B	1.36B	1.28B	1.10B	1.03B
Net Income	775.03M	784.62M	734.28M	684.65M	534.05M	505.71M
Balance Sheet
Total Assets	12.79B	13.33B	11.81B	10.93B	10.69B	9.03B
Cash, Cash Equivalents and Short-Term Investments	751.72M	1.02B	683.98M	239.08M	724.60M	486.45M
Total Debt	7.51B	8.04B	6.88B	6.36B	6.79B	5.91B
Total Liabilities	7.83B	8.69B	7.30B	6.81B	7.30B	6.36B
Stockholders Equity	4.58B	4.27B	4.16B	3.78B	3.19B	2.68B
Cash Flow
Free Cash Flow	997.38M	1.03B	961.93M	896.10M	787.58M	424.47M
Operating Cash Flow	1.08B	1.07B	1.01B	920.13M	803.78M	428.08M
Investing Cash Flow	-95.31M	-1.61B	-650.83M	-354.49M	-1.03B	-9.49M
Financing Cash Flow	-725.69M	311.82M	86.35M	-1.05B	443.07M	63.17M

Gaming and Leisure Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLPI, the sentiment is Negative. The current price of 42.94 is below the 20-day moving average (MA) of 44.61, below the 50-day MA of 45.53, and below the 200-day MA of 46.27, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 40.33 is Neutral, neither overbought nor oversold. The STOCH value of 15.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLPI.

Gaming and Leisure Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLPI	76 Outperform	$12.44B	15.80	17.54%	7.17%	4.39%	-2.87%
OUT	71 Outperform	$3.37B	29.40	17.74%	9.36%	-1.48%	-50.05%
RYN	70 Outperform	$3.28B	8.80	38.06%	12.85%	8.88%	131.78%
EPR	66 Neutral	$3.84B	21.98	8.44%	6.83%	2.93%	-0.87%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PCH	64 Neutral	$2.97B	46.96	3.25%	4.68%	5.40%	294.38%
CXW	59 Neutral	$1.75B	16.73	7.41%	―	5.72%	47.75%

Gaming and Leisure Corporate Events

Gaming and Leisure Properties’ Earnings Call Highlights Growth and Challenges

The recent earnings call for Gaming and Leisure Properties (GLPI) showcased a generally positive sentiment, underscored by significant achievements such as accretive transactions, robust financial performance, and a strong balance sheet. While there were some concerns regarding delays in the Chicago development and potential risks associated with New York projects, the overall positive developments and financial metrics were seen as outweighing these challenges.

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.

The most recent analyst rating on (GLPI) stock is a Hold with a $54.00 price target. To see the full list of analyst forecasts on Gaming and Leisure stock, see the GLPI Stock Forecast page.