Gaming and Leisure Properties Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) that owns gaming and related hospitality and entertainment facilities across the United States. It makes money primarily by leasing those properties to casino operators under long-term triple-net lease agreements, under which tenants pay rent plus property taxes, insurance, and maintenance costs. The filing excerpts provided do not contain sufficient detail to specify segment revenue percentages, total property count, tenant names, headquarters address, founding year, CEO, or competitor names. Only information directly supported by the provided filing excerpts is included here. GLPI is structured as a REIT, meaning it distributes the majority of its taxable income to shareholders as dividends. The triple-net lease structure shifts most operating cost variability to tenants, creating relatively predictable rental income for GLPI. The filing was made on 2026-02-19 for the fiscal year ended in that reporting period, under accession number 000157596526000032.

Revenue model

Triple-net lease rental income from gaming and hospitality property tenants, where tenants bear property taxes, insurance, and maintenance costs.

Products and services

Ownership and leasing of gaming facilities, hospitality properties, and entertainment real estate under long-term triple-net lease structures.

Customers and end markets

Casino and gaming operators who lease GLPI-owned properties; end market is commercial gaming and hospitality.

Value-chain role

Property owner and landlord in the gaming real estate value chain; does not operate casinos directly.

Geographic exposure

United States (specific state-level breakdown not supported by provided filing excerpts).

Source: SEC 10-K, filed 2026-02-19

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