Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Gaming and Leisure Properties's
Operating Income
for the
three
months ended in Mar. 2026 was $333 Mil. Gaming and Leisure Properties's Interest Expense for the
three
months ended in Mar. 2026 was $-96 Mil.
Gaming and Leisure Properties's interest coverage for the quarter that ended in Mar. 2026 was 3.48.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Gaming and Leisure Properties's Interest Coverage or its related term are showing as below:
GLPI'
s Interest Coverage Range Over the Past 10 Years
Min: 2.38 Med: 2.85 Max: 3.44
Current: 3.44
GLPI's Interest Coverage is ranked better than 55.21% of 701
companies
in the REITs industry
Industry Median: 3.12
vs GLPI: 3.44
Gaming and Leisure Properties (NAS:GLPI) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Gaming and Leisure Properties Interest Coverage Related Terms
Gaming and Leisure Properties Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Gaming and Leisure Properties Interest Coverage Chart
GLPI vs LAMR, WY, RYN: Interest Coverage Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Interest Coverage falls into.
Gaming and Leisure Properties Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (GLPI) has a Interest Coverage of 3.48 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Gaming and Leisure Properties and its competitors. This is 22% above median its historical median of 2.85. Over the past decade, Gaming and Leisure Properties' Interest Coverage has ranged from 2.38 to 3.44. According to the industry distribution chart, Gaming and Leisure Properties ranks #314 out of 701 companies in the REITs industry, placing it in the top 44.8%.
Is Gaming and Leisure Properties' Interest Coverage too high?
Gaming and Leisure Properties' current Interest Coverage of 3.48 is 22% above median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 3.44. The REITs industry median Interest Coverage is 3.12. Gaming and Leisure Properties' value of 3.48 is 11.5% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #314 out of 701 companies in the REITs industry, which is above the industry midpoint. Overall, Gaming and Leisure Properties has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' Interest Coverage compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #314 out of 701 companies for Interest Coverage. This puts Gaming and Leisure Properties in the upper half of its industry. The industry median Interest Coverage is 3.12. Gaming and Leisure Properties' value of 3.48 is 11.5% above this benchmark. Historically, Gaming and Leisure Properties' own Interest Coverage has ranged from 2.38 to 3.44 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 3.12, Gaming and Leisure Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gaming and Leisure Properties's current Interest Coverage of 3.48 is 11.5% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Gaming and Leisure Properties and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current Interest Coverage is 3.48, which is 22% above median its own 10-year median of 2.85. 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 $45.38 — trading 8.8% below its estimated fair value. The current Interest Coverage is 3.48, which is 22% above median its 10-year median of 2.85 and 11.5% above the REITs industry median of 3.12. Gaming and Leisure Properties' overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current Interest Coverage is 3.48 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 $45.38 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:
Interest Coverage: 3.48 (22% above median its 10-year median of 2.85)
GF Value™: $49.74 vs. price of $45.38 (8.8% below fair value)
Industry Position: 11.5% above the REITs median (#314 of 701)
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
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.
86GF Score
Get the complete analysis for GLPI
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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