Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) reported financial results for the quarter ending June 30, 2025. Total revenue was $394.9 million, with net income at $156.2 million. FFO was $224.9 million, while AFFO reached $276.1 million. Adjusted EBITDA was $361.5 million. Earnings per diluted common share were $0.54 for net income and $0.79 for FFO. The annualized dividend per share was $3.12.

GLPI’s Chairman and CEO, Peter Carlino, highlighted record revenue, AFFO, and Adjusted EBITDA in the second quarter of 2025. Revenue rose to $394.9 million, AFFO grew to $276.1 million, and Adjusted EBITDA increased to $361.5 million. Recent acquisitions, financing arrangements, and strong tenant relationships contributed to the solid results. Further growth is expected in the second half of 2025.

Recent developments include the transfer of DraftKings at Casino Queen and The Queen Baton Rouge properties to Bally’s Master Lease II, reallocating $28.9 million in annual rental income. Funding of $130 million for the relocation of Hollywood Casino Joliet was initiated by PENN Entertainment. GLPI remains active in funding developments, including a $110 million loan for the Ione Band of Miwok Indians’ Acorn Ridge Casino near Sacramento, California.

Looking ahead, GLPI remains committed to delivering creative financing solutions and supporting tenant partners. Construction of Bally’s permanent gaming and entertainment destination resort in Chicago is ongoing. Other projects include funding construction improvements at Ameristar Casino Council Bluffs and development support in Brooklyn and the Bronx. The company also maintains a valuable land parcel in Las Vegas for future development.

For the full year 2025, GLPI estimates AFFO to be between $1.112 billion and $1.118 billion, or between $3.85 and $3.87 per diluted share and OP/LTIP units. The company has updated its guidance based on current operating conditions, assuming no material changes in legislation, regulations, or economic factors. The guidance excludes impact from future acquisitions or dispositions.

Read more at GlobeNewswire: Gaming and Leisure Properties Reports Second Quarter 2025