Gaming and Leisure Properties

GLPI

Market cap $13.3B

WYOMISSING, Pa., May 20, 2026 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”), announced today that the Company's Board of Directors has declared the second quarter 2026 cash dividend of $0.82 per share of its common stock, marking an increase of $.04 per share per quarter from the prior level. The dividend is payable on June 26, 2026 to shareholders of record on June 12, 2026. Based on GLPI's closing share price of $47.22 on May 20, the current dividend, on an annualized basis, reflects a yield of 6.95%. The second quarter 2025 cash dividend was $0.78 per share of the Company's common stock.

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Cousins Properties (CUZ) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 4.74%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%.

We are changing our recommendation of Gaming and Leisure Properties, Inc. (GLPI) to a Hold, reflecting a fair valuation relative to invested capital. GLPI currently generates a healthy 163 bps investment spread, but its 160.72% enterprise value to invested capital signals slight overvaluation. GLPI's stable rent collection and low beta (0.67 since 2022) offer defensive attributes, but tenant concentration and non-investment grade exposure pose difficult to quantify risks.

Gaming and Leisure Properties is reiterated as a Buy, supported by robust Q1 results and an attractive, sustainable 6.6% dividend yield. GLPI raised 2026 AFFO guidance to $1.212–$1.223 billion, reflecting strong rent hikes, acquisitions, and further supporting their $1.8 billion growth pipeline through 2027. Balance sheet remains solid with $274.5 million in cash, no debt maturities until 2028 following the recent debt issuance, and leverage at 4.96x, maintaining flexibility for expansion and dividend hikes.

Gaming and Leisure Properties, Inc. (GLPI) Q1 2026 Earnings Call Transcript

Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations (FFO) of $1.02 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to FFO of $0.96 per share a year ago.

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Alpine Income (PINE) or Gaming and Leisure Properties (GLPI). But which of these two stocks offers value investors a better bang for their buck right now?

Realty Income and VICI Properties are highlighted as top net lease REITs with wide moats and attractive valuations. Net lease REITs benefit from long-term, predictable cash flows and cost-of-capital advantages, especially those with access to European debt markets. O trades at 15.1x P/AFFO (below its historical 17.7x), offers a 5.0% yield, and is forecasted for a 15% 12-month total return.

INTU, ANIP and GLPI stand out this April as earnings acceleration signals potential stock gains before broader market recognition kicks in.