Revenue during the quarter surged 57.84 percent to $233.28 million from $147.79 million in the previous year period.

Cost of revenue rose 14.93 percent or $5.32 million during the quarter to $40.98 million. Gross margin for the quarter expanded 656 basis points over the previous year period to 82.43 percent.

Total expenses were $89.97 million for the quarter, up 9.05 percent or $7.47 million from year-ago period. Operating margin for the quarter expanded 1725 basis points over the previous year period to 61.43 percent.

Operating income for the quarter was $143.31 million, compared with $65.29 million in the previous year period. However, the adjusted EBITDA for the quarter stood at $209.50 million compared with $110.98 million in the prior year period. At the same time, adjusted EBITDA margin improved 1472 basis points in the quarter to 89.81 percent from 75.09 percent in the last year period.

For fiscal year 2016, Gaming & Leisure Properties expects revenue to be $233.90 million, The company forecasts net income to be $89 million. For fiscal year 2016, It projects diluted earnings per share to be $0.43.

Revenue from real estate activities during the quarter surged 78.65 percent or $87.73 million to $199.26 million.

Food and beverage revenue was $2.61 million during the quarter, down 6.48 percent or $0.18 million from year-ago period. Revenue from other hotel operating activities was $32.77 million for the quarter, down 6.14 percent or $2.14 million from year-ago period.

Gaming and Leisure Properties, Inc. Chief Executive Officer, Peter M. Carlino commented, "Our diverse, national portfolio of triple-net gaming assets continues to provide steady, predictable cash flows, as evidenced by our third quarter results."