Gaming & Leisure Properties Declares $0.78 Quarterly Dividend
Gaming & Leisure Properties, Inc., a real estate investment trust focused on gaming and leisure properties, declared a first quarter 2026 dividend of $0.78 per share. The payment matches the company's fourth quarter 2025 dividend.
Gaming & Leisure Properties, Inc. (NASDAQ: GLPI), a real estate investment trust that owns gaming and leisure properties, declared a first quarter dividend of $0.78 per share on February 18, 2026. The company's board approved the payment, which will go to shareholders of record on March 13, 2026. Read more dividend announcements.
The dividend matches the $0.78 per share paid in the fourth quarter of 2025, when shareholders received payment on December 19, 2025. At the current rate, the annualized dividend stands at $3.12 per share.
| Dividend Details | Information |
|---|---|
| Amount | $0.78 per share |
| Record Date | March 13, 2026 |
| Payment Date | March 27, 2026 |
| Frequency | Quarterly |
Recent Financial Performance
The dividend announcement came alongside the company's fourth quarter 2025 results. Gaming & Leisure Properties reported total revenue of $407.0 million for the three months ended December 31, 2025, up from $389.6 million in the same period of 2024. Net income reached $275.4 million, compared to $223.6 million a year earlier.
For the full year 2025, the company posted revenue of $1.59 billion and net income of $850.4 million. Adjusted funds from operations, a key metric for REITs, totaled $1.12 billion for the year, or $3.88 per diluted share.
Recent Transaction Activity
Gaming & Leisure Properties completed several significant transactions in the fourth quarter and early 2026. The company acquired the Sunland Park Racetrack and Casino real estate for $183.75 million at an 8.2% capitalization rate in October 2025. In November, it funded $150 million for PENN Entertainment's M Resort hotel tower expansion at a 7.79% cap rate.
In February 2026, the company closed on the Lincoln acquisition for $700 million. The company also funded its $45.3 million share of a $200 million loan for the Caesars Republic Sonoma County resort, which yields SOFR plus 9%.
2026 Outlook
Gaming & Leisure Properties issued guidance for 2026, projecting adjusted funds from operations between $1.207 billion and $1.222 billion, or $4.06 to $4.11 per diluted share. The forecast includes anticipated development fundings of $575 million to $650 million throughout the year and $225 million for PENN's Aurora facility in the second quarter.
The company expects to settle $363.3 million of forward equity on June 1, 2026. Gaming & Leisure Properties reported a dividend yield of 6.98% based on its period-end stock price, up from 6.31% in the prior year period.