Overview
Gaming property REIT's Q4 revenue slightly missed analyst expectations
Adjusted FFO for Q4 beat analyst expectations
Company completed acquisition of Bally's Twin River Lincoln Casino Resort for $700 mln
Outlook
GLPI estimates 2026 AFFO between $1.207 bln and $1.222 bln
Company plans $575 mln to $650 mln funding for development projects in 2026
GLPI aims for long-term growth with strong gaming operator relationships
Result Drivers
ACQUISITIONS AND FINANCING - CEO Peter Carlino attributed record Q4 results to recent acquisitions and financing arrangements, supporting growth from regional gaming operators and tribal relationships
CAPITAL DEPLOYMENT - GLPI executed three new transactions totaling $876 mln, contributing to revenue and AFFO growth despite a challenging transaction environment
STRONG LEASE COVERAGE - GLPI emphasized strong lease coverage across its largest tenants, supporting stable revenue and AFFO growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Miss* | $407 mln | $410.18 mln (16 Analysts) |
Q4 EPS | $0.94 | ||
Q4 Net Income | $275.40 mln | ||
Q4 Adjusted EBITDA | Slight Beat* | $379 mln | $378.13 mln (15 Analysts) |
Q4 Adjusted FFO | Beat | $290 mln | $0.98 (16 Analysts) |
Q4 FFO | $339 mln | ||
Q4 Operating Income | $363.40 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Gaming and Leisure Properties Inc is $53.00, about 13.5% above its February 18 closing price of $46.71
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nGNX6dwSx4
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)