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.

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q4 2024

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.

Gaming and Leisure Properties, Inc. (GLPI) CEO Peter Carlino on Q4 2021 Results - Earnings Call Transcript

Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of -3.41% and 1.22%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Gaming and Leisure Properties (GLPI) Lags Q4 FFO Estimates

Establishes 2021 First Quarter Dividend of $0.69 per Common Share Establishes 2021 First Quarter Dividend of $0.69 per Common Share

Gaming and Leisure Properties, Inc. Reports Fourth Quarter 2021 Results

Since its spinoff from Penn National Gaming in 2013 it has not missed a dividend or suffered major rent concession demands during COVID.

Gaming And Leisure Properties In A Good Place Now, But Where They Go From Here Is Key

WYOMISSING, Pa., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2021 fourth quarter financial results after the market close on Thursday, February 24, 2022. The Company will host a conference call at 10:00 a.m. ET on Friday, February 25, 2022.

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

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Gaming and Leisure Properties has a strong collection of assets leased to top gaming operators across the country. It benefits from triple-net leases and has plenty of growth runway.

Gaming and Leisure Properties: Why It's Time To Bet On This 6% Yielder

WYOMISSING, Pa., Jan. 20, 2022 (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 2021 of $2.90 per share of common stock (CUSIP: 36467J108).

Gaming and Leisure Properties Inc. Announces 2021 Distribution Tax Treatment

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Company Enters into Single Asset Triple Net Lease with Affiliates of The Cordish Companies for Live! Casino & Hotel Maryland

Gaming and Leisure Properties Announces Completion of Previously Announced Transactions

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Why Is Everyone Talking About Gaming and Leisure Properties?

WYOMISSING, Pa., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that the Company's Board of Directors has declared a special earnings and profits cash dividend of $0.24 per share of its common stock. The earnings and profits dividend is payable on January 7, 2022 to shareholders of record on December 27, 2021.

Gaming and Leisure Properties, Inc. Declares Special Earnings and Profits Cash Dividend of $0.24 Per Share

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WYOMISSING, Pa., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $800.0 million aggregate principal amount of 3.250% Senior Notes Due 2032 (the “Notes”), to be issued by its operating partnership, GLP Capital, L.P. (the “Operating Partnership”), and GLP Financing II, Inc., a wholly owned subsidiary of the Operating Partnership (together with the Operating Partnership, the “Issuers”). The Notes priced at 99.376%. The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.

Gaming and Leisure Properties Announces Pricing of $800,000,000 of 3.250% Senior Notes Due 2032

WYOMISSING, Pa., Dec. 06, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (the “Company” or “GLPI”) (NASDAQ: GLPI) today announced that it has commenced an underwritten public offering to sell 7,700,000 shares of common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,155,000 shares of common stock.

Gaming and Leisure Properties, Inc. Announces Public Offering of 7,700,000 Shares of Common Stock

Acquisition Expected to be Immediately Accretive at Closing and Further Diversifies Tenant Roster

Gaming and Leisure Properties and The Cordish Companies Announce Strategic Relationship: GLPI to Acquire the Real Estate Assets of Three Cordish Live! Casino Properties for $1.81 Billion; Cordish to Immediately Lease Back Properties and Continue All Curre

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GLPI's AFFO has been rapidly growing in the past 5 years (average 13.42%) and will continue to do so for the foreseeable future. GLPI has a great economic moat with built-in growth in their lease agreements.

Gaming And Leisure Properties: 5% Yield With Economic Moat

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Gaming and Leisure Properties, Inc. (GLPI) CEO Peter Carlino on Q3 2021 Results - Earnings Call Transcript

Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of -1.12% and 1.37%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Gaming and Leisure Properties (GLPI) Lags Q3 FFO Estimates

WYOMISSING, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended September 30, 2021.

Gaming and Leisure Properties, Inc. Reports Third Quarter 2021 Results

News for Gaming and Leisure Properties Stock (GLPI)