GLPI (Gaming and Leisure Properties) Selling, General, & Admin. Expense: $56 Mil (TTM As of Mar. 2026)


GLPI Gaming and Leisure Properties Inc GLPI
84 GF Score
Price $43.69
GF Value $49.80
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Gaming and Leisure Properties Selling, General, & Admin. Expense?

Gaming and Leisure Properties GLPI -1.91% 84 Selling, General, & Admin. Expense is $56 Mil as of Mar. 2026. GuruFocus rates GLPI with a GF Score™ of 84/100 and a GF Value™ of $49.80 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Gaming and Leisure Properties's selling, general, & admin. expense for the three months ended in Mar. 2026 was $18 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $56 Mil.


Gaming and Leisure Properties  (NAS:GLPI) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Gaming and Leisure Properties Selling, General, & Admin. Expense Related Terms


Gaming and Leisure Properties Selling, General, & Admin. Expense Historical Data

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The historical data trend for Gaming and Leisure Properties's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

Gaming and Leisure Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.25 51.32 56.45 59.57 57.19

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
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.71 15.91 16.55 6.02 17.94

GLPI vs LAMR, WY, RYN: Selling, General, & Admin. Expense Comparison

For the REIT - Specialty subindustry, Gaming and Leisure Properties's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Gaming and Leisure Properties's Selling, General, & Admin. Expense falls into.


GLPI
84GF Score
Gaming and Leisure Properties Inc GLPI
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Gaming and Leisure Properties Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense 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 $56 Mil.

* 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 Selling, General, & Admin. Expense of $56 Mil mean?
Gaming and Leisure Properties (GLPI) has a Selling, General, & Admin. Expense of $56 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Gaming and Leisure Properties and its competitors.
Is Gaming and Leisure Properties' Selling, General, & Admin. Expense too high?
Gaming and Leisure Properties' current Selling, General, & Admin. Expense is $56 Mil. 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' Selling, General, & Admin. Expense compare to LAMR and WY?
Gaming and Leisure Properties' Selling, General, & Admin. Expense of $56 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 Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Gaming and Leisure Properties and its competitors. Gaming and Leisure Properties's current Selling, General, & Admin. Expense is $56 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 Modestly Undervalued. The stock's GF Value™ is $49.80, compared to a current price of $43.69 — trading 12.3% below its estimated fair value. The current Selling, General, & Admin. Expense is $56 Mil. Gaming and Leisure Properties' overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Gaming and Leisure Properties (GLPI), the current Selling, General, & Admin. Expense is $56 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 $43.69 is trading 12.3% below its estimated GF Value™ of $49.80. GuruFocus considers Gaming and Leisure Properties to be Modestly Undervalued.

Key valuation signals for GLPI:

  • Selling, General, & Admin. Expense: $56 Mil
  • GF Value™: $49.80 vs. price of $43.69 (12.3% below fair value)
  • GF Score™: 84/100 with 7 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 EstateREITs
Other Exchanges 2GL:GermanyG1AM34:Brazil
Address 845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
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

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$43.69
Price
$49.80
GF Value