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.

This highly focused REIT is a unique mixture of opportunities and risks. Here are three facts to consider when deciding if it's a buy or not.

Is Gaming and Leisure Properties a Buy?

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The casino REIT will use part of the proceeds to retire debt.

Gaming and Leisure Properties Floating $500 Million in Debt; Dividend Disbursement Approved

WYOMISSING, Pa., June  18, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today the results of shareholder elections relating to its quarterly dividend declared by its Board of Directors on April 29, 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 June 26, 2020 to shareholders of record on May 13, 2020.

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

WYOMISSING, Pa., June  17, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $500.0 million aggregate principal amount of 4.000% Senior Notes Due 2031 (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 98.827%. The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.

Gaming and Leisure Properties Announces Pricing of $500,000,000 of 4.000% Senior Notes Due 2031

WYOMISSING, Pa., June  15, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) and Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado”) announced today that the companies have agreed to mutually beneficial amendments to their master lease agreement that further both companies’ strategies.   The Amended and Restated Master Lease (the “Master Lease”) is subject to the review of certain gaming regulatory agencies and the expiration of applicable gaming regulatory advance notice periods.

Gaming and Leisure Properties and Eldorado Resorts Enter Into Agreement  for Mutually Beneficial Lease Modifications

The REIT got hit hard when non-essential businesses shut down. Now investors seem to think the worst is over.

Why Gaming and Leisure Properties Stock Ran 22% Higher in May

Penn's Loss Is Gaming And Leisure Properties' Revaluation Catalyst

Gaming and Leisure Properties, Inc. (GLPI) CEO Peter Carlino on Q1 2020 Results - Earnings Call Transcript

Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of 2.33% and -2.20%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Gaming and Leisure Properties (GLPI) Beats Q1 FFO Estimates

WYOMISSING, Pa., April  20, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI or “GLPI” or the “Company”) today announced the completion of the previously announced acquisition of Tropicana Las Vegas Casino Hotel Resort (the “Tropicana”) and provided an update on the collection of April 2020 rents for its portfolio of the real estate for 44 gaming and related facilities.

Gaming & Leisure Properties Completes Acquisition of Tropicana Las Vegas and Provides Update on April Rent Collections

When casinos shut down, it's bad news for this REIT.

Why Gaming and Leisure Properties Stock Plunged 37% in March

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We continue to see Gaming and Leisure Properties as a high-conviction buy.

Penn Injection Means Revaluation For Gaming And Leisure Properties

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WYOMISSING, Pa., March  27, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or “the “Company”), today announced that it has reached agreements with Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National”) wherein the Company will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn National’s Morgantown, Pennsylvania development in exchange for an aggregate non-cash rent payment of $337.5 million. The parties will enter into a lease for the Morgantown land which will generate $3 million of initial annual cash rent for GLPI.

GAMING AND LEISURE PROPERTIES ENTERS INTO AGREEMENTS WITH PENN NATIONAL GAMING

Gaming & Leisure Properties: Arbitrage In The Gaming Space

WYOMISSING, Pa., March  23, 2020  (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), today provided an update on its business given the evolving situation surrounding the nationwide spread of COVID-19 and the related efforts to contain the virus. The Company’s properties reported strong Gross Gaming Revenue in January and February that exceeded its internal projections.  However, management is currently monitoring ongoing events to better understand the timeline and geographic footprint of interruptions to the operations of properties since state and regulatory authorities began mandating the closure of its tenants’ gaming facilities on March 13, 2020. In addition, the Company’s wholly-owned and operated TRS operating properties - Hollywood Casino Baton Rouge and Hollywood Casino Perryville - are following government directives for closure and will continue to follow precautionary guidelines once they re-open.  Given the current operating environment and the need to have a clearer understanding of the timeline and impact related to the interruption to property operations, the Company today is withdrawing the 2020 guidance it provided on February 20, 2020.

GAMING AND LEISURE PROPERTIES, INC. PROVIDES BUSINESS UPDATE

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Gaming and Leisure Properties, Inc. (GLPI) CEO Peter Carlino on Q4 2019 - Earnings Call Transcript

WYOMISSING, Pa., Feb.  21, 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 first quarter 2020 cash dividend of $0.70 per share of its common stock. The dividend is payable on March 20, 2020 to shareholders of record on March 6, 2020.

Gaming and Leisure Properties, Inc. Declares First Quarter 2020 Cash Dividend of $0.70 Per Share

- Establishes 2020 First Quarter and Full Year Guidance - - Establishes 2020 First Quarter and Full Year Guidance -

Gaming and Leisure Properties, Inc. Reports Fourth Quarter 2019 Results

Gaming and Leisure Properties (GLPI) is expected to have generated stable cash flow from triple-net master leases and benefited from interest-rate savings from refinancing in Q4.

Gaming and Leisure Properties' (GLPI) Q4 Earnings Preview

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