GLPI (Gaming and Leisure Properties) EBIT: $1,294 Mil (TTM As of Mar. 2026)

What is Gaming and Leisure Properties EBIT?

Gaming and Leisure Properties GLPI -0.08% 84 EBIT is $1,294 Mil as of Mar. 2026. GuruFocus rates GLPI with a GF Score™ of 84/100 and a GF Value™ of $49.74 (Fairly Valued). The stock has 5 warning signs investors should review.

Gaming and Leisure Properties's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $336 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,294 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gaming and Leisure Properties's annualized ROC % for the quarter that ended in Mar. 2026 was 10.25%. Gaming and Leisure Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 53.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gaming and Leisure Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.06%.

Gaming and Leisure Properties (NAS:GLPI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Gaming and Leisure Properties's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	1333.396 * ( 1 - 0.23% )	/	( (12562.192	+	13399.656)	/ 2 )
=	1330.3291892	/	12980.924
=	10.25 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	12909.609	-	123.103	-	( 224.314	-	max(0, 328.889	-	3029.817	+	224.314	))
=	12562.192

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	13765.406	-	91.237	-	( 274.513	-	max(0, 297.438	-	3137.091	+	274.513	))
=	13399.656

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Gaming and Leisure Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1343.272	/	( ( (242.053 + max(2228.615, 0))	+	(241.345 + max(2265.431, 0)) )	/	2 )
=	1343.272	/	( ( 2470.668	+	2506.776 )	/	2 )
=	1343.272	/	2488.722
=	53.97 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2557.504	+	0	+	0)	-	(123.103	+	205.786	+	0)
=	2228.615

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2562.869	+	0	+	0)	-	(91.237	+	206.201	+	0)
=	2265.431

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Gaming and Leisure Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	1294.094	/	21348.243
	=	6.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gaming and Leisure Properties EBIT Related Terms

Gaming and Leisure Properties EBIT Historical Data

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The historical data trend for Gaming and Leisure Properties's EBIT can be seen below:

Gaming and Leisure Properties EBIT Chart

Gaming and Leisure Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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845.47

1,029.63

1,080.76

1,176.67

1,226.47

Gaming and Leisure Properties Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															268.19	246.64	343.10	368.53	335.82

GLPI vs LAMR, WY, RYN: EBIT Comparison

For the REIT - Specialty subindustry, Gaming and Leisure Properties's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gaming and Leisure Properties EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Gaming and Leisure Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gaming and Leisure Properties's EV-to-EBIT falls into.

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84GF Score

Gaming and Leisure Properties Inc GLPI

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Gaming and Leisure Properties EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,294 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $1,294 Mil mean?

Gaming and Leisure Properties (GLPI) has a EBIT of $1,294 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gaming and Leisure Properties.

Is Gaming and Leisure Properties' EBIT too high?

Gaming and Leisure Properties' current EBIT is $1,294 Mil. Overall, Gaming and Leisure Properties has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Gaming and Leisure Properties' EBIT compare to LAMR and WY?

Gaming and Leisure Properties' EBIT of $1,294 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gaming and Leisure Properties. Gaming and Leisure Properties's current EBIT is $1,294 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gaming and Leisure Properties stock overvalued right now?

Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Fairly Valued. The stock's GF Value™ is $49.74, compared to a current price of $45.35 — trading 8.8% below its estimated fair value. The current EBIT is $1,294 Mil. Gaming and Leisure Properties' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current EBIT is $1,294 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Gaming and Leisure Properties (GLPI) Overvalued in 2026?

Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued. The current stock price of $45.35 is trading 8.8% below its estimated GF Value™ of $49.74. GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.

Key valuation signals for GLPI:

EBIT: $1,294 Mil
GF Value™: $49.74 vs. price of $45.35 (8.8% below fair value)
GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the GLPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Gaming and Leisure Properties Business Description

Industry Real Estate REITs

Comparable Companies LAMR WY RYN OUT SBAC FRMI EPR UNIT BXDC FPI EQIX AMT DLR CCI IRM MEX:EDUCA18 BOM:543385 XBRU:SHUR XTAE:KSTN ASX:WPR

Other Exchanges 2GL:Germany G1AM34:Brazil

Address 845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website https://www.glpropinc.com

Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.

84GF Score

Get the complete analysis for GLPI

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$45.35

Price

$49.74

GF Value

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