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Gaming and Leisure PropertiesGLPI -0.20%84 Forward Rate of Return (Yacktman) % is 10.66% as of Mar. 2026, which is 27% below its 10-year median of 14.63. GuruFocus rates GLPI with a GF Score™ of 84/100 and a GF Value™ of $49.97 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 638 REITs companies, Gaming and Leisure Properties ranks better than 59.72% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Gaming and Leisure Properties's forward rate of return for was 10.66%.
The historical rank and industry rank for Gaming and Leisure Properties's Forward Rate of Return (Yacktman) % or its related term are showing as below:
GLPI'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 9.74 Med: 14.63 Max: 27.33
Current: 10.54
During the past 13 years, Gaming and Leisure Properties's highest Forward Rate of Return was 27.33. The lowest was 9.74. And the median was 14.63.
GLPI's Forward Rate of Return (Yacktman) % is ranked better than 59.72% of 638
companies
in the REITs industry
Industry Median: 7.82
vs GLPI: 10.54
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Gaming and Leisure Properties (NAS:GLPI) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
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 to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Gaming and Leisure Properties Forward Rate of Return (Yacktman) % Related Terms
Gaming and Leisure Properties Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Gaming and Leisure Properties's Forward Rate of Return (Yacktman) % can be seen below:
* 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 Forward Rate of Return (Yacktman) % Chart
GLPI vs LAMR, WY, RYN: Forward Rate of Return (Yacktman) % Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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 Forward Rate of Return (Yacktman) % vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Forward Rate of Return (Yacktman) % falls into.
Gaming and Leisure Properties Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. 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. He said in the interview (March 2012, when the S&P 500 was at about 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 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 Forward Rate of Return (Yacktman) % of 10.66% mean?
Gaming and Leisure Properties (GLPI) has a Forward Rate of Return (Yacktman) % of 10.66% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Gaming and Leisure Properties and its competitors. This is 27% below median its historical median of 14.63. Over the past decade, Gaming and Leisure Properties' Forward Rate of Return (Yacktman) % has ranged from 9.74 to 27.33. According to the industry distribution chart, Gaming and Leisure Properties ranks #257 out of 638 companies in the REITs industry, placing it in the top 40.3%.
Is Gaming and Leisure Properties' Forward Rate of Return (Yacktman) % too high?
Gaming and Leisure Properties' current Forward Rate of Return (Yacktman) % of 10.66% is 27% below median its 10-year median of 14.63. Over the past 10 years, this metric has ranged from a low of 9.74 to a high of 27.33. The REITs industry median Forward Rate of Return (Yacktman) % is 7.82. Gaming and Leisure Properties' value of 10.66% is 36.3% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #257 out of 638 companies in the REITs industry, which is above the industry midpoint. Overall, Gaming and Leisure Properties has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' Forward Rate of Return (Yacktman) % compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #257 out of 638 companies for Forward Rate of Return (Yacktman) %. This puts Gaming and Leisure Properties in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 7.82. Gaming and Leisure Properties' value of 10.66% is 36.3% above this benchmark. Historically, Gaming and Leisure Properties' own Forward Rate of Return (Yacktman) % has ranged from 9.74 to 27.33 over the past decade. While the company's 10-year median is 14.63 vs. the industry median of 7.82, 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 Forward Rate of Return (Yacktman) % for a REITs company?
The median Forward Rate of Return (Yacktman) % among REITs companies is 7.82, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gaming and Leisure Properties's current Forward Rate of Return (Yacktman) % of 10.66% is 36.3% 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 Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Gaming and Leisure Properties and its competitors. For the REITs industry, the median Forward Rate of Return (Yacktman) % is 7.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current Forward Rate of Return (Yacktman) % is 10.66%, which is 27% below median its own 10-year median of 14.63. 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 $49.97, compared to a current price of $45.08 — trading 9.8% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 10.66%, which is 27% below median its 10-year median of 14.63 and 36.3% above the REITs industry median of 7.82. 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 Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current Forward Rate of Return (Yacktman) % is 10.66% 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 $45.08 is trading 9.8% below its estimated GF Value™ of $49.97.
GuruFocus considers Gaming and Leisure Properties to be Modestly Undervalued.
Key valuation signals for GLPI:
Forward Rate of Return (Yacktman) %: 10.66% (27% below median its 10-year median of 14.63)
GF Value™: $49.97 vs. price of $45.08 (9.8% below fair value)
Industry Position: 36.3% above the REITs median (#257 of 638)
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.
84GF Score
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