Gaming and Leisure Properties (GLPI) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.67
- Estimate
- $0.80
- Surprise
- -16.5%
- Revenue (period 2026-09-30)
- $435.4M
- Score at report (before → after)
- 6.2 → 6.3/10
Revenue source: xbrl.
How the report landed
Gaming and Leisure Properties (GLPI) missed the $0.80 estimate with adjusted EPS of $0.67 — a large 16.5% shortfall. TrendMatrix's engine moved from Buy (Wait) (6.2/10) to Sell at 6.3/10 after the report — the engine's score rose despite the miss.
Coverage in the report window
- Gaming and Leisure Props Q3 AFFO $1.04 Beats $1.02 Estimate, Sales $435.449M Miss $436.330M Estimate — benzinga, 2026-10-29
Where TrendMatrix's rating stands now
TrendMatrix currently rates GLPI Sell at 6.3/10.
2 of the last 4 quarters beat the estimate; this quarter's -16.5% surprise compares with a +2.9% four-quarter average. Next scheduled report: 2027-02-18.
What supports the rating
- Strong growth profile
- Margin of safety: 48%
What argues against it
- REIT tenant concentration cliff: 97% of NOI from top-5 tenants (PENN, Caesars, Boyd, Cordish, Bally's) (≥40% threshold). Single-tenant churn risk dominates spot FFO.
- Concentration risk — Tenant: PENN
- Concentration risk — Tenant: top-5 tenants (PENN, Caesars, Boyd, Cordish, Bally's) (97.0%)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $38.98
- Price target
- $45.94
- Stop
- $37.16
- Upside to target
- +17.9%
- Reward-to-risk
- 3.6:1
At 11.4× trailing and 11.7× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-31 — shown for context, not personalized investment advice.
GLPI at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Specialty
- Market cap
- $11.67B
- P/E (fwd)
- 11.7
- P/E (ttm)
- 11.4
- 52-week range
- $37.33–$49.95
- Off 52-week high
- 22.0%
- RSI (14)
- 53
- Volume vs avg
- 1.24×
- Score today
- 6.3/10