Gaming and Leisure Properties reports revenue increase in Q1
Revenue increased 6.3 per cent year-over-year.
US.- Gaming and Leisure Properties (GLPI) has announced financial results for the quarter ended March 31, 2026. Revenue totalled $420m, up 6.3 per cent year-over-year. Income from operations totalled $333.3m, an increase from $258.8m reported in the same period in 2025. Net income was $239.4m, up from $170.4m, and adjusted EDITBA was $393m, up from $360.1m.
As of March 31, GLPI has provided $299.6m of development funding for Bally’s Chicago under its $940m development commitment. It has also funded $83.6m of the $110m delayed draw term loan facility with the Ione Band of Miwok Indians for the tribe’s Acorn Ridge casino development that opened in February.
Peter Carlino, chairman and chief executive officer of GLPI, commented: “As we sit today, GLPI remains well-positioned for near- and long-term growth, supported by our strong operator relationships, our rights and options to participate in select tenants’ future growth and expansion, a healthy in-place deal pipeline, a healthy broader transaction market, and our ability to competitively structure and fund innovative transactions. In addition, our tenants’ strength, combined with our balance sheet and liquidity, positions the company to grow cash flows, support dividend growth, and build value for shareholders in 2026 and beyond.”
