Gaming & Leisure Properties (GLPI) - Net Assets
Based on the latest financial reports, Gaming & Leisure Properties (GLPI) has net assets worth $5.38 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.16 Billion) and total liabilities ($8.77 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See GLPI net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.38 Billion |
| % of Total Assets | 38.02% |
| Annual Growth Rate | 25.01% |
| 5-Year Change | 47.73% |
| 10-Year Change | 105.77% |
| Growth Volatility | 59.24 |
Gaming & Leisure Properties - Net Assets Trend (2011–2025)
This chart illustrates how Gaming & Leisure Properties's net assets have evolved over time, based on quarterly financial data. Also explore net asset growth rate of Gaming & Leisure Properties to track the company's year-over-year net asset growth rate.
Annual Net Assets for Gaming & Leisure Properties (2011–2025)
The table below shows the annual net assets of Gaming & Leisure Properties from 2011 to 2025. For live market cap and overall valuation, see how much is Gaming & Leisure Properties worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.01 Billion | +7.81% |
| 2024-12-31 | $4.65 Billion | +3.03% |
| 2023-12-31 | $4.51 Billion | +9.49% |
| 2022-12-31 | $4.12 Billion | +21.47% |
| 2021-12-31 | $3.39 Billion | +26.73% |
| 2020-12-31 | $2.68 Billion | +28.96% |
| 2019-12-31 | $2.07 Billion | -8.45% |
| 2018-12-31 | $2.27 Billion | -7.84% |
| 2017-12-31 | $2.46 Billion | +1.00% |
| 2016-12-31 | $2.43 Billion | +1060.05% |
| 2015-12-31 | $-253.51 Million | -84.83% |
| 2014-12-31 | $-137.16 Million | -199.79% |
| 2013-12-31 | $137.45 Million | -41.84% |
| 2012-12-31 | $236.33 Million | +7.47% |
| 2011-12-31 | $219.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gaming & Leisure Properties's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1501.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.83 Million | 0.06% |
| Other Comprehensive Income | $904.00K | 0.02% |
| Other Components | $6.61 Billion | 142.95% |
| Total Equity | $4.63 Billion | 100.00% |
Gaming & Leisure Properties Competitors by Market Cap
The table below lists competitors of Gaming & Leisure Properties ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smurfit Kappa Group PLC
F:SK3
|
$11.14 Billion |
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
TELECOM ITALIA ADR 1
F:TQIA
|
$11.15 Billion |
|
Vedanta Limited
NSE:VEDL
|
$11.15 Billion |
|
Chongqing Sokon Ind Grp Co
SHG:601127
|
$11.13 Billion |
|
Eiffage SA
PA:FGR
|
$11.11 Billion |
|
COVESTRO AG SP.ADR 1/2
F:1CO1
|
$11.11 Billion |
|
China Shipbuilding Industry Group Power Co Ltd
SHG:600482
|
$11.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gaming & Leisure Properties's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,268,562,000 to 4,626,452,000, a change of 357,890,000 (8.4%).
- Net income of 825,111,000 contributed positively to equity growth.
- Dividend payments of 871,872,000 reduced retained earnings.
- New share issuances of 402,792,000 increased equity.
- Other comprehensive income increased equity by 904,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $825.11 Million | +17.83% |
| Dividends Paid | $871.87 Million | -18.85% |
| Share Issuances | $402.79 Million | +8.71% |
| Other Comprehensive Income | $904.00K | +0.02% |
| Other Changes | $955.00K | +0.02% |
| Total Change | $- | 8.38% |
Book Value vs Market Value Analysis
This analysis compares Gaming & Leisure Properties's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 15.50x to 2.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $2.47 | $38.28 | x |
| 2012-12-31 | $2.65 | $38.28 | x |
| 2013-12-31 | $1.29 | $38.28 | x |
| 2014-12-31 | $-1.06 | $38.28 | x |
| 2015-12-31 | $-2.14 | $38.28 | x |
| 2016-12-31 | $13.46 | $38.28 | x |
| 2017-12-31 | $11.55 | $38.28 | x |
| 2018-12-31 | $10.55 | $38.28 | x |
| 2019-12-31 | $9.61 | $38.28 | x |
| 2020-12-31 | $12.17 | $38.28 | x |
| 2021-12-31 | $13.48 | $38.28 | x |
| 2022-12-31 | $14.88 | $38.28 | x |
| 2023-12-31 | $15.69 | $38.28 | x |
| 2024-12-31 | $15.61 | $38.28 | x |
| 2025-12-31 | $16.53 | $38.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gaming & Leisure Properties utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.74%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.79x
- Recent ROE (17.83%) is above the historical average (13.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 12.13% | 11.51% | 0.89x | 1.19x | $4.69 Million |
| 2012 | 9.70% | 10.88% | 0.79x | 1.13x | $-714.00K |
| 2013 | 13.92% | 8.19% | 0.09x | 18.32x | $5.59 Million |
| 2014 | 0.00% | 29.15% | 0.25x | 0.00x | $197.86 Million |
| 2015 | 0.00% | 22.28% | 0.23x | 0.00x | $153.47 Million |
| 2016 | 11.89% | 34.93% | 0.11x | 3.03x | $45.92 Million |
| 2017 | 15.48% | 39.18% | 0.13x | 2.95x | $134.77 Million |
| 2018 | 14.99% | 32.16% | 0.12x | 3.79x | $112.96 Million |
| 2019 | 18.84% | 33.89% | 0.14x | 4.07x | $183.46 Million |
| 2020 | 18.90% | 43.85% | 0.13x | 3.38x | $238.21 Million |
| 2021 | 16.77% | 43.91% | 0.11x | 3.36x | $215.55 Million |
| 2022 | 18.12% | 52.20% | 0.12x | 2.89x | $306.86 Million |
| 2023 | 17.66% | 50.98% | 0.12x | 2.84x | $318.59 Million |
| 2024 | 18.38% | 51.23% | 0.11x | 3.12x | $357.76 Million |
| 2025 | 17.83% | 51.74% | 0.12x | 2.79x | $362.47 Million |
Industry Comparison
This section compares Gaming & Leisure Properties's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $4,373,733,204
- Average return on equity (ROE) among peers: 3.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gaming & Leisure Properties (GLPI) | $5.38 Billion | 12.13% | 1.63x | $11.14 Billion |
| American Tower Corp (AMT) | $7.95 Billion | 15.58% | 3.18x | $84.90 Billion |
| Crown Castle (CCI) | $1.86 Billion | 12.61% | 1.45x | $33.03 Billion |
| Digital Realty Trust Inc (DLR) | $18.49 Billion | 1.93% | 0.95x | $66.15 Billion |
| EPR Properties (EPR) | $2.07 Billion | 9.38% | 1.03x | $4.19 Billion |
| Equinix Inc (EQIX) | $6.85 Billion | 3.40% | 1.73x | $99.77 Billion |
| Farmland Partners Inc (FPI) | $83.53 Million | -0.68% | 1.41x | $456.67 Million |
| Fermi Inc. (FRMI) | $1.10 Billion | -44.38% | 0.29x | $2.20 Billion |
| Iron Mountain Incorporated (IRM) | $-226.50 Million | 0.00% | 0.00x | $29.90 Billion |
| Lamar Advertising Company (LAMR) | $1.18 Billion | 31.53% | 4.03x | $12.75 Billion |
About Gaming & Leisure Properties
Gaming and Leisure Properties, Inc. is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with r… Read more