GLPI Q1 2026 Earnings: AFFO Growth Guidance of $1.212B-$1.223B

AI Summary

Gaming and Leisure Properties (GLPI) provided Q1 2026 results with full-year AFFO guidance of $1.212 billion to $1.223 billion, translating to $4.08 to $4.12 per diluted share. The company reported a year-over-year income increase of over $24 million, driven by $33 million in cash rent increases. GLPI plans to deploy a $1.8 billion capital commitment by year-end 2027, including $750M–$800M for development in 2026 and a $225 million acquisition. The leverage ratio stood at 5x, with $275 million in cash and an annual free cash flow of roughly $230 million.