Gaming & Leisure Properties posts Q3 2026 revenue of $435.4 M and updates AFFO guidance
Gaming & Leisure Properties reported third‑quarter 2026 results on Oct. 29. Revenue rose to $435.4 million, while net income was $213.8 million and diluted EPS fell to $0.71. Adjusted funds from operations (AFFO) reached $311.7 million, and the company raised its full‑year AFFO outlook to $1.222 billion‑$1.225 billion. Management highlighted a leverage ratio of 4.8 times, below its 5‑5.5 times target, and announced a joint‑venture with Prologis valued at a $61 million capital‑account credit.
Why it matters
The revenue increase shows continued tenant demand, but the drop in net income and EPS may pressure the stock. The lower‑than‑target leverage ratio supports the REIT’s ability to meet its dividend, while the higher AFFO guidance suggests stronger cash‑flow generation for investors.
Key facts
- 1Total revenue for Q3 2026 was $435.4 million. stocktitan.net
- 2Net income for the quarter was $213.8 million. stocktitan.net
- 3Diluted earnings per share were $0.71. stocktitan.net
- 4Adjusted Funds from Operations (AFFO) totaled $311.7 million. stocktitan.net
- 5AFFO guidance for 2026 was updated to $1.222 billion‑$1.225 billion. seekingalpha.com
- 6Leverage ratio at quarter end was 4.8 times, below the target range of 5‑5.5 times. finance.yahoo.com
Open questions
- Net income is reported as $213.8 million in material 2 but $207.6 million in material 4, creating a conflict on the same basis.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.