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Gaming and Leisure Properties GLPI Land rights and ground lease expense

Land rights and ground lease expense at other companies

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Kimco RealtyKIM
$4.15M-0.9%
Kimco Realty logo
Kimco RealtyKIM
$4.15M-0.9%
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W.P. Carey Inc.WPC
$8.69M-47.4%
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W.P. Carey Inc.WPC
$6.22M+19.1%
Ladder Capital logo
Ladder CapitalLADR
$11.26M+28.4%
Starwood Property Trust logo
Starwood Property TrustSTWD

Other financials

Income statement

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Revenue$420.0M+6.3%
Gross profit$360.1M+7.0%
Operating income$333.3M+28.8%
Net income$231.8M+40.3%
EPS (diluted)$0.82+36.7%

Balance sheet

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Cash & equivalents$274.5M+62.6%
Total debt$8.4B+2.6%
Total equity$4.6B+10.0%
Total assets$13.8B+13.5%

Cash flow

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Operating cash flow$270.2M+7.0%
CapEx$111.5M+764%
Free cash flow$158.8M-33.7%

Valuation

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Market cap$12.63B-10.2%
Enterprise value$20.74B-6.0%
P/E14.2×-4.0×
P/S7.8×-1.3×

Profitability

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Gross margin100%0.0pp
Operating margin78.8%+5.8pp
Net margin55.1%+5.1pp
FCF margin45.9%-22.0pp

Returns & leverage

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Return on equity20.2%+1.6pp
Debt / equity1.8×-0.1×

Where this comes from

Reported directly by Gaming and Leisure Properties in its filing.

Tagged under the XBRL concept glpi:LandRightsandGroundLeaseExpense.

The official record: Gaming and Leisure Properties’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gaming and Leisure Properties's land rights and ground lease expense?
Gaming and Leisure Properties (GLPI) reported land rights and ground lease expense of $13.8M in Q1 2026.
How has Gaming and Leisure Properties's land rights and ground lease expense changed year-over-year?
Gaming and Leisure Properties's land rights and ground lease expense increased by 1.8% year-over-year, from $13.56M to $13.8M.
What is the long-term trend for Gaming and Leisure Properties's land rights and ground lease expense?
Over 4 years (2021 to 2025), Gaming and Leisure Properties's land rights and ground lease expense has grown at a 10.3% compound annual growth rate (CAGR), from $37.39M to $55.41M.
What does land rights and ground lease expense mean?
Expenses paid to lease the land on which company-owned properties sit.
How do you interpret land rights and ground lease expense?
An increase may indicate rising land lease costs or new ground lease obligations, impacting net operating margins.
How does land rights and ground lease expense compare across companies?
Common for REITs with ground lease exposure; peers report this as a property-level operating expense.