)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Gaming and Leisure Properties
Gaming and Leisure Properties (GLPI) investor relations material
Gaming and Leisure Properties Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Q3 revenue reached a record $435.4M, up 9.5% YoY; AFFO was a record $311.7M, up 10.5%, and Adjusted EBITDA was a record $413.9M, up 13.0%.
Regional gaming was described as resilient, with healthy year-over-year same-store operator gains through 9M 2026 despite macro volatility.
Portfolio comprised 71 properties across 21 states and 80 tenants; 87.6% of cash rent came from publicly reporting gaming companies.
Financial highlights
Q3 rental income was $371.0M, up $29.2M YoY; total income from real estate rose $37.8M to $435.4M, primarily from acquisitions and lease escalations.
Q3 net income was $213.8M versus $248.5M; diluted EPS was $0.71 versus $0.85, and FFO was $275.9M versus $315.5M.
AFFO per diluted share and OP/LTIP unit increased to $1.04 from $0.97; Cash NOI was $422.1M versus $375.0M.
9M total income from real estate was $1,286.0M versus $1,188.0M; net income was $688.2M versus $575.0M and AFFO was $912.8M versus $830.1M.
Q3 total operating expenses rose to $125.5M from $60.4M, primarily reflecting credit-loss provision changes; Q3 credit-loss provision was $36.2M versus a $37.4M benefit in 3Q25.
Outlook and guidance
FY 2026 AFFO guidance was $1.222B-$1.225B, or $4.11-$4.12 per diluted share and OP/LTIP unit; the midpoint increased $1.5M and $0.01 per share/unit from prior guidance.
Guidance includes ~$265M of additional development funding, bringing planned 2026 development spending to $800M; it excludes unannounced acquisitions, dispositions and future capital markets activity.
Bally’s Chicago permanent casino opening remained targeted for H1 2027; Virginia Live! opening was anticipated in late 2027.
Management expected leverage to remain at the low end of its 5.0x-5.5x target through development funding, with capacity for accretive transactions without exceeding 5.5x.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Gaming and Leisure Properties
- Q2 2026 saw AFFO up 10.1%, net income up 50%, and higher 2026 guidance with a dividend increase.GLPI
Q2 2026 - 2026 proxy covers director elections, auditor ratification, pay, and strong ESG focus.GLPIProxy filing
- Key votes include director elections, auditor ratification, and executive pay approval.GLPIProxy filing
- Record Q1 2026 results, raised AFFO guidance, and strong rent coverage and liquidity.GLPIQ1 2026
- Record 2025 results, robust pipeline, and strong 2026 AFFO guidance support future growth.GLPIQ4 2025
- Record Q2 2025 results and robust guidance reflect growth from acquisitions and lease escalations.GLPIQ2 2025
- Record Q3 2024 revenue and AFFO growth driven by $2B investments and portfolio expansion.GLPIQ3 2024
- Record Q2 results, AFFO guidance raised, and nearly $2B in new investments announced.GLPIQ2 2024
- Record Q4 results, 2025 AFFO guidance at $3.83–$3.88, and portfolio at 68 properties.GLPIQ4 2024
Next Gaming and Leisure Properties earnings date
Q4 202619 Feb, 2027
Gaming and Leisure Properties
Next Gaming and Leisure Properties earnings date
Q4 202619 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
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.