Gaming and Leisure Properties, Inc. GLPI

GLPI Company Overview

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a real estate investment trust (REIT) focused primarily on the ownership, acquisition, and leasing of gaming and entertainment properties. The company operates within the commercial real estate and gaming industries, generating revenue primarily through long-term triple-net lease agreements with regional gaming operators. Under this structure, tenants are generally responsible for property taxes, insurance, maintenance, and capital expenditures, providing GLPI with relatively stable rental income and predictable cash flows. The company’s portfolio includes casinos, gaming resorts, and related hospitality assets across the United States.

GLPI was formed in 2013 through a real estate spin-off from Penn National Gaming, now known as PENN Entertainment. The transaction created one of the first publicly traded gaming-focused REITs in the United States. Since its formation, GLPI has expanded through acquisitions, sale-leaseback transactions, and strategic partnerships with gaming operators. Its positioning as a specialized gaming landlord gives it scale, industry expertise, and long-term contractual relationships that differentiate it from broader diversified REITs.