Gaming & Leisure Properties

Gaming and Leisure Properties reported strong Q1 with total income from real estate up over $24 million year-over-year, driven by $33 million of cash rent increases from acquisitions and escalators. Management reiterated full-year 2026 AFFO guidance of $1.212bn–$1.223bn ($4.08–$4.12 per diluted share) and outlined a $1.8 billion capital commitment runway, including $750M–$800M of 2026 development spend and the planned $225 million Aurora acquisition. The company ended the quarter at a 5x leverage ratio with $275 million cash, about $230 million annual free cash flow, and said cap rates are normalizing to accretive levels. » More on finance.yahoo.com

Gaming and Leisure Properties reported Q4 2025 earnings per share of $0.94 versus $0.74 expected and revenue of $407.03 million (forecast $405.34 million). The results benefited from rent increases, a $37.8 million decline in operating costs and the acquisition of Bally’s Lincoln for $700 million. Management issued AFFO guidance for 2026 of $1.207–1.222 billion ($4.06–4.11 per diluted share); the stock rose slightly in pre-market trading. » More on de.investing.com

Gaming and Leisure Properties has appointed Michael Borofsky as an independent member of its board of directors with immediate effect; the appointment is subject to regulatory approvals. The board will increase to eight members, seven of whom are considered independent. Borofsky brings experience in finance, capital allocation, strategy and law from roles at Mithrandir Ventures, Gryphon Investors, Pohlad Companies and MacAndrews & Forbes. The company also reported better-than-expected earnings per share for Q3 2025, raised its full-year guidance and announced a quarterly dividend of $0.78. » More on de.investing.com