Gaming and Leisure Properties Acquires Real Estate Assets of Bally’s Lincoln for $700.0 Million
Gaming and Leisure Properties, Inc. (GLPI)
Last gaming and leisure properties, inc. earnings: 4/30 04:15 pm
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Source: GlobeNewswire
WYOMISSING, Pa., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) announced today that it acquired the real estate assets of Bally’s Lincoln in Lincoln, Rhode Island, from Bally’s Corporation (“Bally’s”) for $700.0 million. GLPI has posted a presentation, with additional details of the Lincoln property transaction, which can be accessed at www.glpropinc.com. The initial cash rent of $56.0 million represents an 8.0% capitalization rate and equates to a purchase multiple of 12.5x. Bally’s Lincoln will be added to the GLPI Bally’s Master Lease II agreement, increasing the number of properties to five, and the pro forma rent coverage ratio is expected to be over 2.2x. On a four-wall basis, rent coverage for Bally’s Lincoln is over 1.9x. The initial lease term is consistent with Bally’s Master Lease II, which extends to 2039, and includes four 5-year renewal options. Lease rent escalation is indexed to the consumer price index (“CPI”) with a
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GLPI
News
- Gaming and Leisure Properties (NASDAQ:GLPI) was given a new $48.50 price target on by analysts at Stifel Nicolaus.MarketBeat
- Gaming and Leisure Properties (NASDAQ:GLPI) had its "overweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- Gaming and Leisure Properties (NASDAQ:GLPI) had its price target lowered by analysts at Scotiabank from $50.00 to $48.00. They now have a "sector perform" rating on the stock.MarketBeat
- Gaming and Leisure Properties Inc. Announces 2025 Distribution Tax Treatment [Yahoo! Finance]Yahoo! Finance
- Gaming and Leisure Properties Inc. Announces 2025 Distribution Tax TreatmentGlobeNewswire
GLPI
Earnings
- 10/30/25 - Beat
GLPI
Sec Filings
- 1/7/26 - Form 4
- 1/7/26 - Form 144
- 1/5/26 - Form 4
- GLPI's page on the SEC website