Gaming and Leisure Properties (GLPI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Gaming and Leisure Properties

NasdaqGS•Real Estate•REIT - Specialty

$39.17-0.17(<0.01%)After hours

Market Cap

$11.44B

P/E

12.2x

P/S

6.8x

P/B

2.3x

Gaming and Leisure Properties, Inc. 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. Gaming and Leisure Properties, Inc. was established on February 13th, 2013, incorporated in 2013 in Pennsylvania in and is based in Wyomissing, United States.

How this company scores

GoodMetricSide Score: 71/100

Strongest: Profitability (22/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability22/25

Growth18/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality18/25

Strengths

Strong marginsHigh ROERising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.2x5y range 12.2x – 23.8x

Currently below its 20-quarter median.

P/S · 6.8x5y range 6.8x – 10.2x

Currently below its 20-quarter median.

P/B · 2.3x5y range 2.3x – 4.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 6.0% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $11.44B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.69B
Q. Revenue: $435.45M
TTM EBITDA: $1.62B
TTM Op. Income: $1.34B
Q. Op. Income: $309.94M
TTM Net Income: $935.18M
Q. Net Income: $207.64M
EPS: $0.71
Shares Out.: $290.92M

$1.69B in TTM revenue grew 7.3% YoY, reaching $435.45M last quarter. TTM EBITDA of $1.62B and TTM operating income of $1.34B show growth is flowing through to the bottom line. TTM net income of $935.18M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 87.1%
Op. Margin: 71.2%
Net Margin: 47.7%

Op. margin of 71.2% is down 13.6% YoY — costs are rising relative to revenue. Net margin at 47.7% Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.2x
P/S Ratio: 6.8x
P/B Ratio: 2.3x

At 12.2x P/E, the stock trades below typical market levels. P/S of 6.8x and P/B of 2.3x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 6 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $14.10B
Cash: $165.75M
Long-Term Debt: $8.08B
Book Value: $4.96B
D/E Ratio: 1.6
Debt/EBITDA: 21.3

With $14.10B in assets and $8.08B in long-term debt, D/E is 1.6and book value is $4.96B — moderate leverage. Over the past year, debt/equity is up 4% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $279.69M
TTM Free Cash Flow: $986.70M
FCF Margin: 58.3%
FCF / Net Income: 1.1

TTM FCF of $986.70M on $279.69M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.