Logotype for Gaming and Leisure Properties Inc

Gaming and Leisure Properties (GLPI) investor relations material

Gaming and Leisure Properties Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Gaming and Leisure Properties Inc
Q2 2025 earnings summary25 Jul, 2025

Executive summary

  • Achieved record Q2 2025 revenue of $394.9M, up 3.7%–3.8% year-over-year, driven by acquisitions and lease escalations.

  • AFFO and Adjusted EBITDA for Q2 2025 were $276.1M and $361.5M, respectively, both up year-over-year.

  • Net income for Q2 2025 was $151.4M–$156.2M, down from Q2 2024 due to higher credit loss provisions.

  • Portfolio expanded to 68 gaming and related facilities as of June 30, 2025.

  • Management remains confident in delivering strong full-year 2025 results despite timing mismatches and increased expenses.

Financial highlights

  • Q2 2025 rental income rose to $339.5M, a 2.0% increase year-over-year.

  • Operating expenses rose by $65.6M–$75%, mainly due to a $53.7M non-cash provision for credit losses.

  • Interest expense for Q2 2025 was $89.9M, up 3.8% year-over-year.

  • Dividends paid in Q2 2025 totaled $220.7M, or $0.78 per share.

  • Cash provided by operating activities for H1 2025 was $545.9M, up from $510.0M in the prior year.

Outlook and guidance

  • Full-year 2025 AFFO guidance is $1.112B–$1.118B, or $3.85–$3.87 per diluted share/OP unit, excluding future transactions.

  • Guidance includes $130M for Joliet relocation and $375M for development projects, with $338M remaining to fund in H2 2025.

  • Management expects liquidity to be sufficient for debt service, funding commitments, capital expenditures, and dividends.

  • Growth expected from tenant funding commitments and new property acquisitions.

  • Guidance assumes no material changes in legislation, regulation, or macroeconomic conditions.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Gaming and Leisure Properties earnings date

Logotype for Gaming and Leisure Properties Inc
Q3 202531 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Gaming and Leisure Properties earnings date

Logotype for Gaming and Leisure Properties Inc
Q3 202531 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Gaming and Leisure Properties Inc is a real estate investment trust focused on owning properties leased to gaming operators. The company’s portfolio includes regional casino properties and related real estate, which are leased under long-term, triple-net agreements to tenants in the gaming industry. It generates revenue primarily through rental income and focuses on acquisitions and structured transactions. The company is headquartered in Wyomissing, Pennsylvania, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage