Gaming & Leisure Properties (GLPI) Operating Expenses (2012 - 2026)
Gaming & Leisure Properties (GLPI) reported Operating Expenses of $86.6 million for Q1 2026, down 36.48% on a YoY basis from $136.4 million in Q1 2025, and up 98.53% sequentially from $43.6 million in Q4 2025.
Gaming & Leisure Properties (GLPI) Operating Expenses (2012 - 2026) Analysis & Trends
Gaming & Leisure Properties (GLPI) has 15 years of Operating Expenses data on file, last reported at $86.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 36.48% year-over-year to $86.6 million; the trailing twelve-month figure through Mar 2026 stood at $343.5 million (down 17.99% YoY), and the FY2025 full-year result was $393.3 million, down 1.89% from the prior year.
- Operating Expenses improved to $86.6 million in Q1 2026, from $43.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $152.8 million in Q2 2025 to a low of $16.3 million in Q3 2022.
- A 5-year average of $90.3 million and a median of $88.4 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 77.92% in 2022 and surged 461.51% in 2023, its largest moves.
- Tracing GLPI's Operating Expenses over 5 years: stood at $60.9 million in 2022, then grew by 21.04% to $73.8 million in 2023, then advanced by 10.38% to $81.4 million in 2024, then sank by 46.4% to $43.6 million in 2025, then surged by 98.53% to $86.6 million in 2026.
- Business Quant data shows GLPI's Operating Expenses at $86.6 million in Q1 2026, $43.6 million in Q4 2025, and $60.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 1.87 Bn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 1.50 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | 1.37 Bn |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 1.54 Bn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 545.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 360.59 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 120.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 381.94 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | 86.64 Mn |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn | 322.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 86.64 Mn |
| Dec 31, 2025 | 43.64 Mn |
| Sep 30, 2025 | 60.45 Mn |
| Jun 30, 2025 | 152.81 Mn |
| Mar 31, 2025 | 136.40 Mn |
| Dec 31, 2024 | 81.41 Mn |
| Sep 30, 2024 | 113.90 Mn |
| Jun 30, 2024 | 87.20 Mn |
| Mar 31, 2024 | 118.36 Mn |
| Dec 31, 2023 | 73.75 Mn |
| Sep 30, 2023 | 91.26 Mn |
| Jun 30, 2023 | 118.31 Mn |
| Mar 31, 2023 | 88.37 Mn |
| Dec 31, 2022 | 60.93 Mn |
| Sep 30, 2022 | 16.25 Mn |
| Jun 30, 2022 | 89.42 Mn |
| Mar 31, 2022 | 115.17 Mn |
| Dec 31, 2021 | 93.89 Mn |
| Sep 30, 2021 | 73.61 Mn |
| Jun 30, 2021 | 105.64 Mn |