What is the 13F Pro Quality Score for GLPI?

13F Pro ranks Gaming & Leisure Properties, Inc. (GLPI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View GLPI's current score at https://13fpro.ai/research/GLPI (free sign-up required for the full ranking).

Where does 13F Pro source GLPI data?

All Gaming & Leisure Properties, Inc. fundamentals and ownership data come directly from SEC EDGAR. Gaming & Leisure Properties, Inc. files with the SEC under CIK 1575965. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is GLPI in?

Gaming & Leisure Properties, Inc. (GLPI) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives GLPI's revenue?

Per Gaming & Leisure Properties, Inc.'s latest 10-Q filed with the SEC on 2026-04-23, the biggest revenue drivers are: Rental income ($356.5M, +4.8% YoY); Income from investment in leases, financing receivables ($52.7M, +10.3% YoY); Income from sales-type lease ($3.8M, +2.1% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/GLPI.

What are GLPI's largest expenses?

Gaming & Leisure Properties, Inc.'s latest 10-Q reports these as the largest expense items: Provision (benefit) for credit losses, net (($10.1M) benefit, $49.4M favorable variance); Depreciation ($65.0M, Minimal change YoY); General and administrative ($17.9M, -4.1% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is GLPI research updated on 13F Pro?

GLPI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Gaming & Leisure Properties, Inc.(GLPI)Stock Analysis

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13F Pro Quality Score

72.4/100

Rank #225 of 2,879 stocksTOP 10%

View Real Estate peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

52.6/100

Profitability

94.6/100

Balance Sheet

75.5/100

Earnings Quality

49.7/100

Free Cash Flow

93.7/100

Institutional Flow

75.3/100

Revenue Scale

58.8/100

Dilution Risk

49.6/100

GLPI Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Gaming & Leisure Properties, Inc. (GLPI), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores GLPI at 72.4/100 on a 32-signal composite quality model, placing it at rank #225 of 2,879 stocks — the top 10% of the AI-ranked universe. GLPI scores in the top quartile across profitability (94.6), free cash flow (93.7), balance sheet strength (75.5). Shareholder dilution risk is elevated at 49.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Gaming & Leisure Properties, Inc. reports quarterly revenue of $420.0M, net income of $231.8M, an operating margin of 79.4%. Top institutional holders of GLPI by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, WELLINGTON MANAGEMENT GROUP LLP, based on the most recent SEC filings. GLPI trades on the Nasdaq exchange and files with the SEC under CIK 1575965. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GLPI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Gaming & Leisure Properties, Inc. directly from SEC EDGAR. Gaming & Leisure Properties, Inc.'s 13F Pro composite quality score has ranged between 70 and 84 since 2025, currently 72.4 — a declining long-term trajectory across 12 quarterly and live scoring snapshots.

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Fun facts about Gaming & Leisure Properties, Inc.

Quirks, history, and lore behind GLPI — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. real estate investment trust · mid-cap · listed on Nasdaq · headquartered in Pennsylvania.
2
The Numbers
It owns roughly 60 properties across more than 30 U.S. states, with a portfolio valued in the tens of billions of dollars — not bad for a landlord with a very specific taste in tenants.
3
The History
Spun off in 2013 from one of America's largest regional casino operators, it pioneered the idea of separating casino real estate from casino operations under REIT tax rules.
4
The Secret
It doesn't run a single slot machine — it just owns the buildings and collects rent, leaving the gambling, the buffets, and the bad-beat stories to its tenants.
5
The Lore
Its structure was novel enough that the IRS had to sign off on whether a casino qualifies as real property; spoiler: it does, and a whole niche REIT sector was born.
6
The Giveaway
Born out of Penn Entertainment, it is the first gaming-focused REIT ever created — owning the house, quite literally, always wins.

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What's Driving GLPI's Business? Latest 10-Q Breakdown

AI-extracted from Gaming & Leisure Properties, Inc.'s 10-Q filed 2026-04-23 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

GLPI reported Q1 net income of $239.4M (+40% YoY) and total revenue of $420.0M (+6.3% YoY), driven by recent acquisitions including Bally's Lincoln for $703.4M and continued development funding.

Biggest Revenue Drivers

Total revenue: $420.0M+6.3% YoY

Rental income$356.5M+4.8% YoY

Recent acquisitions and development activities increased cash rental income by $28.2M; lease escalations added $4.4M.

Income from investment in leases, financing receivables$52.7M+10.3% YoY

Higher accretion on investment in leases of $0.5M and favorable lease portfolio performance.

Income from sales-type lease$3.8M+2.1% YoY

Tropicana Las Vegas Lease reclassified as sales-type lease in late August 2024.

Largest Expense Items

Provision (benefit) for credit losses, net($10.1M) benefit$49.4M favorable variance

Benefit from improved real estate value estimates for Virginia Live! development project; prior year had large provision from pessimistic economic forecast.

Depreciation$65.0MMinimal change YoY

Real estate depreciation from property portfolio; Bally's Lincoln acquisition added depreciation.

General and administrative$17.9M-4.1% YoY

Lower stock-based compensation expense relative to prior year.

Interest expense$95.9M-1.5% YoY

Offset by higher capitalized interest from Bally's Chicago development costs and lower variable rate borrowing costs.

Margins: Operating income increased 28.9% YoY to $333.3M, driven primarily by the $49.4M swing in credit loss provisioning from Q1 2025's pessimistic economic forecast revision. Adjusted EBITDA of $393.0M (+9.1% YoY) reflects strong underlying operational performance from acquisitions and development activities, though offset partially by lower interest income from declining earning asset balances.

Watch Items from the Filing

PENN represents significant concentration of GLPI's revenue through multiple master leases (Amended PENN Master Lease, PENN 2023 Master Lease, Amended Pinnacle Master Lease); PENN covenant compliance and financial health directly impacts rent coverage.
Completed Bally's Lincoln acquisition for $703.4M in February 2026; debt increased from $7.28B to $8.16B YTD; weighted average maturity of 7.1 years and refinancing risk on $2.5B+ of maturities 2026-2028.
Bally's Chicago project represents largest unfunded commitment at $940M with deferred rental revenue of $39.2M as of March 31, 2026; project completion and rent commencement timing critical to achieving projected 8.5% yield.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$420.0M

Net Income

Q1 2026

$231.8M

Free Cash Flow

Q1 2026

$158.8M

Operating Margin

Q1 2026

79.4%

ROIC

Q1 2026

2.6%

D/E Ratio

Q1 2026

1.74

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+4.1% YoY

$1.59BFY 2025

FY22 $1.31BFY23 $1.44BFY24 $1.53BFY25 $1.59B

Net Income

+105163167.9% YoY

$825.1MFY 2025

FY22 $684.7MFY23 $734.30FY24 $784.60FY25 $825.1M

Operating Income

+6.3% YoY

$1.20BFY 2025

FY22 $1.03BFY23 $1.07BFY24 $1.13BFY25 $1.20B

EPS (Diluted)

+2.8% YoY

$2.95FY 2025

FY22 $2.70FY23 $2.77FY24 $2.87FY25 $2.95

Total Assets

-1.3% YoY

$12.91BFY 2025

FY22 $10.93BFY23 $11.81BFY24 $13.08BFY25 $12.91B

Total Debt

-6.9% YoY

$7.20BFY 2025

FY22 $6.13BFY23 $6.63BFY24 $7.74BFY25 $7.20B

Op. Cash Flow

+5.3% YoY

$1.13BFY 2025

FY22 $920.1MFY23 $1.01BFY24 $1.07BFY25 $1.13B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2019
Revenue	$1.59B +4.1%	$1.53B +6.3%	$1.44B +9.8%	$1.31B +7.8%	$1.22B +5.5%	$1.15B
Net Income	$825.1M +105163167.9%	$784.60 +6.9%	$734.30 -100.0%	$684.7M +128212072.3%	$534.00 -100.0%	$390.9M
Operating Income	$1.20B +6.3%	$1.13B +5.8%	$1.07B +3.8%	$1.03B +22.4%	$841.8M +17.3%	$717.4M
EPS (Diluted)	$2.95 +2.8%	$2.87 +3.6%	$2.77 +2.6%	$2.70 +19.5%	$2.26 +24.9%	$1.81
Total Assets	$12.91B -1.3%	$13.08B +10.8%	$11.81B +8.0%	$10.93B +2.2%	$10.69B +26.7%	$8.43B
Total Debt	$7.20B -6.9%	$7.74B +16.7%	$6.63B +8.1%	$6.13B -6.5%	$6.55B	—
Operating Cash Flow	$1.13B +5.3%	$1.07B +6.3%	$1.01B +9.7%	$920.1M +14.5%	$803.8M +7.1%	$750.3M

AI Insight: GLPI Financial Trends

GLPI's Q1 2026 revenue hit $420M — a new high — but a $871M debt surge to $8,075M flags rising leverage as the key risk.

• Revenue grew steadily from $381M in Q2 2024 to $420M in Q1 2026, an approximate 10% cumulative increase over seven quarters.

• Operating income recovered strongly from a trough of $242M in Q2 2025 to $363M in Q4 2025, though Q1 2026 slipped back to $333M.

• Net income in Q1 2026 of $232M is below Q4 2025's $267M but well above Q2 2025's cycle-low of $151M, signaling uneven earnings momentum.

• Total debt jumped from $6,892M in Q2 2025 to $8,075M in Q1 2026, the highest level in the observed period, pressuring the balance sheet.

⚠ Total debt surged $871M quarter-over-quarter to $8,075M in Q1 2026 — the sharpest single-quarter increase in the dataset.

⚠ Operating cash flow fell to $240M in Q3 2025 and $270M in Q1 2026, well below the Q4 2025 peak of $343M — consistency is lacking.

⚠ Equity rose to $4,635M in Q1 2026, but debt growth is outpacing equity expansion, suggesting gradual leverage creep worth monitoring.

AI Insight: GLPI Ratio Trends

GLPI's profitability surged to multi-period highs in Q4 2025 — operating margin 89.3%, ROIC 12.3% — before a seasonal Q1 2026 pullback that leaves metrics still above mid-2025 troughs.

• Operating margin peaked at 89.3% in Q4 2025, up from a trough of 61.3% in Q2 2025, a 28pp recovery in two quarters.

• ROIC climbed from 8.5% in Q2 2025 to 12.3% in Q4 2025, the highest level in the dataset, before easing to 10.5% in Q1 2026.

• D/E ratio declined from 1.81 in Q4 2024 to 1.51 in Q2 2025, though it has drifted back up to 1.74 in Q1 2026.

• NPM dropped sharply from 55.8% in Q4 2024 to 38.4% in Q2 2025 before rebounding to 65.7% in Q4 2025, signaling high quarterly volatility.

⚠ Q1 seasonality is consistently weak — OpMargin fell to 65.5% in Q1 2025 and 79.4% in Q1 2026 versus prior-quarter highs.

⚠ D/E rebounded to 1.74 in Q1 2026 after touching 1.51 in Q2 2025; leverage re-expansion warrants monitoring.

⚠ ROE of 20.0% in Q1 2026 remains well below the Q4 2025 peak of 23.1% — watch whether H2 2026 can sustain the late-2025 earnings momentum.

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Available Research

13F Pro tracks comprehensive data for Gaming & Leisure Properties, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of GLPI

BlackRock, Inc.
$1.6B35,315,021 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.1B24,040,402 sh
WELLINGTON MANAGEMENT GROUP LLP
$601.9M13,565,435 sh
DODGE & COX
$597.1M13,458,157 sh
STATE STREET CORP
$584.4M13,172,150 sh
VANGUARD CAPITAL MANAGEMENT LLC
$541.2M12,196,922 sh
GEODE CAPITAL MANAGEMENT, LLC
$365.9M8,262,510 sh
PRINCIPAL FINANCIAL GROUP INC
$344.8M7,771,951 sh
BANK OF AMERICA CORP /DE/
$265.5M5,984,594 sh
CITADEL ADVISORS LLC
$248.0M5,589,327 sh

Fund	Value	Shares
BlackRock, Inc.	$1.6B	35,315,021
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.1B	24,040,402
WELLINGTON MANAGEMENT GROUP LLP	$601.9M	13,565,435
DODGE & COX	$597.1M	13,458,157
STATE STREET CORP	$584.4M	13,172,150
VANGUARD CAPITAL MANAGEMENT LLC	$541.2M	12,196,922
GEODE CAPITAL MANAGEMENT, LLC	$365.9M	8,262,510
PRINCIPAL FINANCIAL GROUP INC	$344.8M	7,771,951
BANK OF AMERICA CORP /DE/	$265.5M	5,984,594
CITADEL ADVISORS LLC	$248.0M	5,589,327

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Is GLPI a good stock to buy?

13F Pro's AI-powered analysis of Gaming & Leisure Properties, Inc. (GLPI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for GLPI are available on the GLPI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own GLPI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling GLPI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Gaming & Leisure Properties, Inc.'s investment landscape.