Gaming and Leisure Properties

Gaming & Leisure Properties, Inc. is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business. The TRS Properties segment includes Hollywood Casino Perryville and Hollywood Casino Baton Rouge. The company was founded on February 13, 2013, and is headquartered in Wyomissing, PA.

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GLPI achieves record Q4 results, poised for strategic growth

Gaming and Leisure Properties (GLPI) reported record results in Q4 2022, showcasing strong financial performance and strategic initiatives for future growth.
Management's confidence in tenant coverage, thoughtful approach to acquisitions, and readiness for future opportunities position GLPI well in the market.
Challenges related to services inflation, deal activity mix, and debt management require ongoing monitoring, while opportunities in acquisitions and revenue growth present avenues for expansion.
Overall, GLPI's performance, strengths, and opportunities indicate a resilient and proactive approach to navigating the evolving market landscape and driving sustained growth.

GLPI achieves record results, poised for gaming industry opportunities

Gaming and Leisure Properties (GLPI) reported record results in Q1 2023, with stock price and dividend at all-time highs. The company is well-positioned to capitalize on opportunities in the gaming industry with a strong financial foundation and multiple capital sources.
Despite challenges such as tightened lending practices and changing credit markets, GLPI aims for sustainable growth and profitability. Opportunities lie in developing gaming facilities, benefiting from stress in other real estate asset classes, and attracting outside investors.
GLPI's focus on accretive returns, historical performance insights, and successful relationships with tribal facilities enhance its competitive advantage. The company navigates market dynamics while maintaining a conservative balance sheet approach for long-term success.
Analysts' inquiries about risk management, development projects, and market opportunities reflect the company's proactive approach to addressing challenges and seizing opportunities in a dynamic gaming industry landscape.

GLPI achieves record Q2 results, eyes growth amid lease uncertainties

Gaming and Leisure Properties (GLPI) delivered strong financial performance in Q2 2023, showcasing growth and stability. The company's focus on long-term value creation, active market exploration, and strong balance sheet position them well for future opportunities. Despite challenges in lease resets and COVID impacts, GLPI remains cautiously optimistic and anticipates positive outcomes.

GLPI reports robust Q3 performance amid industry challenges and opportunities

GLPI's Q3 performance reflects financial strength and strategic portfolio management amidst industry challenges and market uncertainties.
The company's proactive risk management, focus on value creation, and diverse investment opportunities position it well for sustained growth and stability.
Navigating capital market challenges, leveraging strategic investments, and addressing potential headwinds demonstrate GLPI's resilience and forward-thinking approach.

GLPI posts robust Q4 earnings, eyes diverse growth opportunities

Gaming and Leisure Properties (GLPI) reported strong financial performance in Q4 2023, driven by strategic acquisitions and a focus on balance sheet strength.
Despite challenges like capital market stability and regulatory risks, GLPI showcases expertise in deal-making, creative tax structuring, and exploring diverse investment avenues.
The company's proactive approach to opportunities in tribal land, international investments, and emerging gaming markets positions it for continued growth and success.

Gaming and Leisure Properties reports robust Q1 performance and eyes growth opportunities

GLPI's Q1 2024 performance reflects a strong foundation set by significant transactions in 2023, with a focus on stability, leverage, and liquidity. Rent coverages remain robust, supporting expected rent increases and escalations.
The company's rigorous underwriting standards and focus on shareholder value position them well for future growth. Interest in the Las Vegas market and ongoing evaluations of funding opportunities present avenues for expansion.
Challenges include scrutiny on competitive deals, credit loss provisions, and financial strategies. Clarity on market dynamics and strategic financial planning will be key moving forward for GLPI.

GLPI reports robust Q2 earnings, eyes strategic growth opportunities

GLPI's Q2 2024 performance reflects strong financial growth, with increased income and decreased expenses, bolstering the company's financial position.
The company's focus on prudent capital deployment, balance sheet strength, and cautious approach to transactions highlight a commitment to sustainable growth.
Despite challenges in forecasting and financing, GLPI's strategic outlook remains positive, with opportunities in diverse sectors and markets for future expansion.

GLPI reports strong Q3 earnings, eyes growth amid operational stability

Gaming and Leisure Properties (GLPI) showcased robust financial performance with increased income and strong rent coverage ratios, underlining operational stability.
While facing challenges in managing rising operating expenses, GLPI's disciplined capital deployment and positive AFFO guidance position them for future growth.
The company's strategic focus on financial strength, potential opportunities, and shareholder value underscores a balanced approach to sustainable growth.

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Gaming & Leisure Properties, Inc. engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.

Adds Fifth Tenant Relationship Through Long-Term Partnership with Bally's Corporation Adds Fifth Tenant Relationship Through Long-Term Partnership with Bally's Corporation

Gaming and Leisure Properties Completes Acquisition of Two Regional Gaming Properties, Enters into Master Lease Agreement with Bally's Corporation

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Dividend Increases: May 15-21, 2021

WYOMISSING, Pa., May 20, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that the Company's Board of Directors declared the second quarter 2021 cash dividend of $0.67 per share of its common stock, an increase of $.02 per share per quarter, or 3 percent. The dividend is payable on June 25, 2021 to shareholders of record on June 11, 2021.

Gaming and Leisure Properties, Inc. Declares an increased Second Quarter 2021 Cash Dividend of $0.67 Per Share

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Gaming and Leisure Properties, Inc. (GLPI) CEO Peter Carlino on Q1 2021 Results - Earnings Call Transcript

Investors searching for the best dividend stocks might consider Gaming & Leisure Properties, which pays a yield more than four times the S&P 500. The post Best Dividend Stocks: This Top Gaming REIT Pays Four Times The Market's Yield appeared first on Investor's Business Daily.

Best Dividend Stocks: This Top Gaming REIT Pays Four Times The Market's Yield

This is a triple net lease company in an industry set to outperform many of the rest. The company has done a great job in altering its lease agreements to create more value for its shareholders.

Gaming And Leisure Properties Is Certainly Not A Gamble

WYOMISSING, Pa., April 13, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or “the Company”) announced today that it entered into a binding term sheet with Bally's Corporation (NYSE: BALY) (“Bally's”) to acquire the real estate assets of Bally's casino property in Black Hawk, CO and the property it plans to acquire in Rock Island, IL, in a transaction which is subject to regulatory approval and expected to close later this year. Total consideration for the acquisition is $150 million. The parties expect to add the properties to the master lease they are entering into in connection with Bally's previously announced acquisitions of Tropicana Evansville and Dover Downs Hotel & Casino ("GLPI-BALY master lease”) which will generate incremental rent of $12.0 million. Normalized rent coverage on the assets is expected to be 2.25x in the first calendar year post-acquisition. The acquisitions of the real estate assets of Bally's properties in Rock Island and Black Hawk are expected to close in early 2022.

GLPI Expands Relationship with Bally's Through Strategic Transactions

WYOMISSING, Pa., April 08, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2021 first quarter financial results after the market close on Thursday, April 29, 2021. The Company will host a conference call at 10:00 a.m. ET on Friday, April 30, 2021.

Gaming and Leisure Properties, Inc. Schedules First Quarter 2021 Earnings Release and Conference Call

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WYOMISSING, Pa., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”) announced today that at its meeting yesterday, the Company's Board of Directors declared the first quarter 2021 cash dividend of $0.65 per share of its common stock (this dividend payment reflects the impact of the common stock issuance of 9.2 million shares during the fourth quarter 2020 and 8.0 million shares related to stock dividend payments during 2020). The dividend is payable on March 23, 2021 to shareholders of record on March 9, 2021.

Gaming and Leisure Properties, Inc. Declares First Quarter 2021 Cash Dividend of $0.65 Per Share

Gaming and Leisure Properties, Inc. (GLPI) CEO Peter Carlino on Q4 2020 Results - Earnings Call Transcript

Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of 0.00% and -0.92%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Gaming and Leisure Properties (GLPI) Q4 FFO Match Estimates

WYOMISSING, Pa., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended December 31, 2020.

Gaming and Leisure Properties, Inc. Reports Fourth Quarter 2020 Results

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GLPI has been rather resilient, with very high rent collection, 100% occupancy, and AFFO/share growth. Governments rely on its operators for tax revenue and it has a long runway for growth.

5.6% Yield: Why Gaming And Leisure Properties Is A Good Bet

WYOMISSING, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2020 fourth quarter financial results after the market close on Thursday, February 18, 2021. The Company will host a conference call at 9:00 a.m. ET on Friday, February 19, 2021.

Gaming and Leisure Properties, Inc. Schedules Fourth Quarter 2020 Earnings Release and Conference Call

WYOMISSING, Pa., Jan. 22, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”) announced the income tax allocation for federal income tax purposes of its aggregate distributions in 2020 of $2.50 per share of common stock (CUSIP: 36467J108).

Gaming and Leisure Properties Inc. Announces 2020 Distribution Tax Treatment

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WYOMISSING, Pa., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today the promotion of Steven Ladany to Senior Vice President, Chief Development Officer. In his new role, Mr. Ladany will lead the Company's ongoing merger, acquisition and development efforts.

Gaming and Leisure Properties, Inc. Promotes Steven Ladany to Chief Development Officer

News for Gaming and Leisure Properties Stock (GLPI)