GLPI Q3 revenue misses estimates

Gaming and Leisure Properties

30/10/2025 20:50

Overview

GLPI Q3 revenue missed analyst expectations, Adjusted FFO beat estimates

Company's diversified tenant base and recent acquisitions drove financial performance

GLPI acquired Sunland Park Racetrack & Casino, expanding Strategic Gaming relationship

Outlook

Company estimates full-year 2025 AFFO between $1.115 bln and $1.118 bln

GLPI commits up to $225 mln for PENN's Aurora project

Company sees no material changes in economic conditions affecting 2025 results

Result Drivers

DIVERSIFIED TENANT BASE - GLPI's record Q3 revenue and AFFO were driven by its diversified base of existing tenants and leases, as well as recent acquisitions and financing arrangements

PENN FUNDING AGREEMENTS - GLPI's funding for PENN Entertainment projects, including Hollywood Casino Joliet, contributed to financial results with a 7.75% cap rate

TRIBAL GAMING EXPANSION - GLPI's new financing agreement with the Ione Band of Miwok Indians marks a first-of-its-kind REIT funding structure for tribal gaming

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$397.60 mln
$398.13 mln (15 Analysts)
Q3 Net Income
$248.50 mln
Q3 Adjusted EBITDA
Miss
$366.40 mln
$367.92 mln (12 Analysts)
Q3 Adjusted FFO
Beat
$282 mln
$0.96 (16 Analysts)
Q3 FFO
$315.50 mln
Q3 Operating Income
$337.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 9 "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 $53.50, about 18.4% above its October 29 closing price of $43.65

Press Release: ID:nGNX4SRrkP

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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.)