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Gaming and Leisure Properties GLPI Construction in progress

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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$12.84B-0.4%
Enterprise value$20.95B+2.4%
P/E14.4×-3.5×
P/S7.9×-0.3×

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 us-gaap:ConstructionInProgressGross.

The source filing: Gaming and Leisure Properties’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 4:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001575965-26-000048
Line itemMarch 31,2026December 31,2025
Land and improvements$4,032,380$3,588,793
Building and improvements7,629,9587,353,409
Construction in progress325,570230,831
Total real estate investments11,987,90811,173,033
Less accumulated depreciation(2,763,324)(2,698,772)
Real estate investments, net$9,224,584$8,474,261

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Gaming and Leisure Properties's construction in progress?
Gaming and Leisure Properties (GLPI) reported construction in progress of $325.57M in Q1 2026.
How has Gaming and Leisure Properties's construction in progress changed year-over-year?
Gaming and Leisure Properties's construction in progress increased by 521.2% year-over-year, from $52.41M to $325.57M.
What is the long-term trend for Gaming and Leisure Properties's construction in progress?
Over 4 years (2021 to 2025), Gaming and Leisure Properties's construction in progress has grown at a 152.3% compound annual growth rate (CAGR), from $5.7M to $230.83M.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.

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