Earnings Releases·Oct 30, 2026, 2:16 PM ET

Gaming and Leisure Properties — Third Quarter 2026 Earnings Summary

Revenue increased 9.5% year-over-year to $435.4 million, while net income and Funds from Operations (FFO) declined 14.0% and 12.5% respectively to $213.8 million and $275.9 million; however, Adjusted Funds from Operations (AFFO) rose 10.5% to $311.7 million and Adjusted EBITDA grew 13.0% to $413.9 million.
Full-year 2026 AFFO guidance was raised to $4.11–$4.12 per share (total $1.222–$1.225 billion) to reflect $265 million in additional development funding, bringing total 2026 development spending to $800 million.
Strategic activity included a joint venture with Prologis to develop a 3.8 million square foot distribution park in Illinois, a $700 million acquisition of Bally's Lincoln Casino Resort, and the funding of $216.3 million for the Hollywood Casino Aurora landside development.
The company declared a $0.82 per share dividend for the quarter, raising the annualized dividend to $3.28, while total assets grew to $14.096 billion and long-term debt increased to $8.081 billion.