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.

Company Enters into New Long-Term Leases with Affiliates of Penn National Gaming, Inc. and Casino Queen Company Enters into New Long-Term Leases with Affiliates of Penn National Gaming, Inc. and Casino Queen

Gaming and Leisure Properties, Inc. Announces Sale and Lease Transactions

Gaming and Leisure Properties (GLPI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Gaming and Leisure Properties (GLPI) Upgraded to Buy: What Does It Mean for the Stock?

GLPI's strong 3Q20 EBITDA performance sustains >20% ROEs despite the COVID-impacted backdrop. Headwinds remain, but with no variable rent resets until FY22 and key tenants financially sound, the worst is likely behind GLPI.

Gaming And Leisure Properties: Get Paid A 6% Yield For Discounted Equity

In this article you are going to find out whether hedge funds think Gaming and Leisure Properties Inc (NASDAQ:GLPI) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.

Was The Smart Money Right About Gaming and Leisure Properties Inc (GLPI)?

WYOMISSING, Pa., Nov. 06, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (the "Company" or “GLPI") (NASDAQ: GLPI), today announced that the underwriters in the recently completed public offering of common stock of the Company have exercised their option to acquire an additional 1,200,000 shares of common stock at the public offering price of $36.25 per share, less the underwriting discount.

Gaming and Leisure Properties, Inc. Announces Underwriters' Exercise of Greenshoe Option in Public Offering of Common Stock

WYOMISSING, Pa., Nov. 06, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced that yesterday, the Company's Board of Directors declared the fourth quarter 2020 dividend of $0.60 per share of its common stock, consisting of a combination of cash and shares of the Company's common stock. The dividend is payable on December 24, 2020 to shareholders of record on November 16, 2020. The cash component of the dividend (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, or $0.12 per share, with the balance, or $0.48 per share, payable in shares of the Company's common stock. As previously announced, the quarterly dividend level reflects the continued impact of COVID-19 on the Company's business and the expectation that its major tenants will continue to fulfill payment of their financial obligations to the Company.

Gaming and Leisure Properties, Inc. Declares Fourth Quarter 2020 Dividend of $0.60 Per Share

WYOMISSING, Pa., Oct. 29, 2020 (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 8,000,000 shares of common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less the underwriting discount.

Gaming and Leisure Properties, Inc. Announces Public Offering of 8,000,000 Shares of Common Stock

Gaming and Leisure Properties' (GLPI) CEO Peter Carlino on Q3 2020 Results - Earnings Call Transcript

Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of 4.71% and 8.74%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Gaming and Leisure Properties (GLPI) Q3 FFO and Revenues Surpass Estimates

Enters into Exchange Agreement with Caesars Entertainment and New Agreement with Twin River Worldwide Holdings Enters into Exchange Agreement with Caesars Entertainment and New Agreement with Twin River Worldwide Holdings

Gaming and Leisure Properties, Inc. Reports Record Third Quarter 2020 Results

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

Gaming and Leisure Properties to Acquire Two Regional Gaming Properties for $484 Million and Simultaneously Enter Into a New Master Lease Agreement With Twin River Worldwide Holdings

WYOMISSING, Pa., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will now release its 2020 third quarter financial results after the market close on Tuesday, October 27, 2020 and will host its quarterly conference call at 9:00 a.m. ET on Wednesday, October 28, 2020.

Gaming and Leisure Properties, Inc. Moves Up Third Quarter 2020 Earnings Release Date and Conference Call

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WYOMISSING, Pa., Sept.  23, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today the results of shareholder elections relating to the quarterly dividend declared by its Board of Directors on August 6, 2020. The dividend of $0.60 per share of the Company’s common stock, par value $0.01 per share, consists of a combination of cash and shares and will be paid on September 25, 2020 to shareholders of record on August 17, 2020.

Gaming and Leisure Properties, Inc. Announces Shareholder Election Results for Third Quarter Dividend

WYOMISSING, Pa., Sept.  23, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that the Company will release its 2020 third quarter financial results after the market close on Thursday, October 29, 2020. The Company will host a conference call at 9:00 a.m. ET on Friday, October 30, 2020.

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

Gaming And Leisure Properties, Inc. : A Great REIT With Strong Tenants For A Low Price

- $21 - $25 Million Landside Facility Project to Bring Economic Benefits to Downtown Baton Rouge as well as Construction Employment - - $21 - $25 Million Landside Facility Project to Bring Economic Benefits to Downtown Baton Rouge as well as Construction Employment -

Hollywood Casino Baton Rouge to Move to New Landside Facility in Early 2022

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Analyst: Regional Casino Stocks 'Uniquely Positioned To Enjoy The Most Upside'

WYOMISSING, Pa., Aug.  11, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $200.0 million aggregate principal amount of 4.000% Senior Notes Due 2031 (the “Additional 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 Additional Notes will be issued as additional notes under the indenture that governs the Issuers’ $500.0 million aggregate principal amount of 4.000% Senior Notes Due 2031 issued on June 25, 2020 (the “Initial Notes”), and will have substantially identical terms and conditions as those of the Initial Notes (other than issue date and issue price). Upon consummation of this offering, the aggregate outstanding principal amount of the Issuers’ 4.000% Senior Notes Due 2031 will be $700,000,000. Further the Additional Notes are expected to have the same CUSIP number as, and to be fungible for trading purposes with, the Initial Notes. The Additional Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.

Gaming and Leisure Properties Announces Pricing of $200,000,000 of Additional 4.000% Senior Notes Due 2031

WYOMISSING, Pa., Aug.  07, 2020  (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 third quarter 2020 dividend of $0.60 per share of its common stock, consisting of a combination of cash and shares of the Company's common stock. The dividend is payable on September 25, 2020 to shareholders of record on August 17, 2020. The cash component of the dividend (other than cash paid in lieu of fractional shares) will not exceed 20% in the aggregate, or $0.12 per share, with the balance, or $0.48 per share, payable in shares of the Company's common stock. As previously announced, the quarterly dividend level reflects the impact of the COVID-19 closures on the Company's business and anticipates that the Company's major tenants will continue to fulfill payment of their financial obligations to the Company. Further, it is anticipated that the portion of dividends to be paid in shares will be limited to periods during which non-cash rents are realized by the Company.

Gaming and Leisure Properties, Inc. Declares Third Quarter 2020 Dividend of $0.60 Per Share

Gaming and Leisure Properties' (GLPI) CEO Peter Carlino on Q2 2020 Results - Earnings Call Transcript

Steven Snyder's last day will be Aug. 31.

Gaming and Leisure Properties CFO Stepping Down

WYOMISSING, Pa., July  28, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”) announced today that Steven T. Snyder will be stepping down as Senior Vice President and Chief Financial Officer effective August 31, 2020. The Company has retained Korn Ferry to lead a search for Mr. Snyder’s successor and will evaluate internal and external candidates for the position. Mr. Snyder has served in his current role, and previously as Interim Chief Financial Officer since May 2018.

Gaming and Leisure Properties, Inc. Chief Financial Officer, Steven Snyder, Announces Plan to Step Down

Is Gaming and Leisure Properties (GLPI) a great pick from the value investor's perspective right now? Read on to know more.

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