Gaming and Leisure Q2 revenue slightly beats on acquisitions and development projects
GLPI•Outlook raised for 2026
- Gaming and Leisure Properties raised 2026 AFFO guidance to $1.219 bln-$1.225 bln
- Company now forecasts 2026 AFFO per share of $4.10-$4.12
- Company expects additional 2026 development funding of $400 mln-$450 mln, total spend $750 mln-$800 mln
Drivers and analyst coverage
- RECENT ACQUISITIONS - Co said recent acquisitions and an expanding base of regional gaming operators and tribal relationships fueled its pipeline and results
- DEVELOPMENT PROJECTS - Co said multiple development projects, investments in tenant facility upgrades, and executed sale-leaseback transactions drove 2026 growth
- DISCIPLINED UNDERWRITING - Co said record results highlight its ability to structure complex transactions and maintain strong lease coverage through disciplined underwriting
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 $55.00, about 19.5% above its July 29 closing price of $46.01.
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago.
