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Gaming and Leisure Properties's Free Cash Flow per Share for the
three
months ended in Jun. 2026 was $0.55.
Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 was $2.21.
During the past 12 months, the average Free Cash Flow per Share Growth Rate of Gaming and Leisure Properties was -41.50% per year.
During the past 3 years, the average Free Cash Flow per Share Growth Rate was -5.80% per year.
During the past 5 years, the average Free Cash Flow per Share Growth Rate was 7.50% per year.
During the past 10 years, the average Free Cash Flow per Share Growth Rate was 2.70% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the FCF Growth Rate using Free Cash Flow per Share data.
The historical rank and industry rank for Gaming and Leisure Properties's Free Cash Flow per Share or its related term are showing as below:
GLPI'
s 3-Year FCF Growth Rate Range Over the Past 10 Years
Min: -11.6 Med: 6.5 Max: 118.9
Current: -5.8
During the past 13 years, Gaming and Leisure Properties's highest 3-Year average Free Cash Flow per Share Growth Rate was 118.90% per year. The lowest was -11.60% per year. And the median was 6.50% per year.
GLPI's 3-Year FCF Growth Rate is ranked worse than 70.15% of 650
companies
in the REITs industry
Industry Median: 2.2
vs GLPI: -5.80
Gaming and Leisure Properties (NAS:GLPI) Free Cash Flow per Share Explanation
Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.
In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.
This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is because research shows that five years is the length of the typical business cycle.
* 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.
Be Aware
Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.
Gaming and Leisure Properties Free Cash Flow per Share Related Terms
Gaming and Leisure Properties Free Cash Flow per Share Historical Data
* 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 Free Cash Flow per Share Chart
GLPI vs LAMR, WY, RYN: Free Cash Flow per Share Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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 Price-to-Free-Cash-Flow vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Price-to-Free-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Price-to-Free-Cash-Flow falls into.
Gaming and Leisure Properties Free Cash Flow per Share Calculation
Free Cashflow per Share is the amount of Free Cashflow per outstanding share of the company's stock.
Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.
Note: GuruFocus does not calculate Free Cash Flow Per Share when Capital Expenditure is 0.
Gaming and Leisure Properties's Free Cash Flow Per Share for the fiscal year that ended in Dec. 2025 is calculated as
Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.21
* 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.
What does a Free Cash Flow per Share of $2.21 mean?
Gaming and Leisure Properties (GLPI) has a Free Cash Flow per Share of $2.21 as of Jun. 2026. Free cash flow per share represents the pre-share value of cash following operating and capital expenditures. View historical data on Gaming and Leisure Properties and its competitors. According to the industry distribution chart, Gaming and Leisure Properties ranks #456 out of 650 companies in the REITs industry, placing it in the top 70.2%.
Is Gaming and Leisure Properties' Free Cash Flow per Share too high?
Gaming and Leisure Properties' current Free Cash Flow per Share is $2.21. The REITs industry median Free Cash Flow per Share is 2.20. Gaming and Leisure Properties' value of $2.21 is 0.5% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #456 out of 650 companies in the REITs industry, which is below the industry midpoint. Overall, Gaming and Leisure Properties has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' Free Cash Flow per Share compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #456 out of 650 companies for Free Cash Flow per Share. This places Gaming and Leisure Properties in the lower half of its industry. The industry median Free Cash Flow per Share is 2.20. Gaming and Leisure Properties' value of $2.21 is 0.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Free Cash Flow per Share for a REITs company?
The median Free Cash Flow per Share among REITs companies is 2.20, based on 650 companies in the industry. Companies in the top quartile (top 25%) have a Free Cash Flow per Share significantly above this median, while those in the bottom quartile fall well below. However, Free Cash Flow per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gaming and Leisure Properties's current Free Cash Flow per Share of $2.21 is 0.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Free Cash Flow per Share mean?
A high Free Cash Flow per Share can signal that a stock is expensive relative to its fundamentals. Free cash flow per share represents the pre-share value of cash following operating and capital expenditures. View historical data on Gaming and Leisure Properties and its competitors. For the REITs industry, the median Free Cash Flow per Share is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current Free Cash Flow per Share is $2.21. 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 Modestly Undervalued. The stock's GF Value™ is $49.83, compared to a current price of $40.24 — trading 19.2% below its estimated fair value. The current Free Cash Flow per Share is $2.21 and 0.5% above the REITs industry median of 2.20. Gaming and Leisure Properties' overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Free Cash Flow per Share calculated?
Free Cash Flow per Share is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current Free Cash Flow per Share is $2.21 as of Jun. 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 $40.24 is trading 19.2% below its estimated GF Value™ of $49.83.
GuruFocus considers Gaming and Leisure Properties to be Modestly Undervalued.
Key valuation signals for GLPI:
Free Cash Flow per Share: $2.21
GF Value™: $49.83 vs. price of $40.24 (19.2% below fair value)
Industry Position: 0.5% above the REITs median (#456 of 650)
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 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.
75GF Score
Get the complete analysis for GLPI
Free Cash Flow per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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