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.

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U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-of-five weekly gains to start the year - the S&P 500 dipped 2.7% while the Nasdaq declined over 3%.

Inflation Remains A Problem

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI ) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman and Chief Executive Officer Desiree Burke - Chief Financial Officer and Treasurer Brandon Moore - Chief Operating Officer, General Counsel and Secretary Matthew Demchyk - Senior Vice President and Chief Investment Officer Steven Ladany - Senior Vice President and Chief Development Officer Conference Call Participants Greg McGinniss - Scotiabank Brad Heffern - RBC Haendel St. Juste - Mizuho Rich Anderson - SMBC Barry Jonas - Truist Securities David Katz - Jefferies Daniel Gulino - Capital One Ronald Kamdem - Morgan Stanley John Massocca - Ladenburg Thalmann Robin Farley - UBS John DeCree - CBRE Securities Mitch Germain - JMP Securities Operator Greetings. Welcome to the Gaming and Leisure Properties, Inc. Fourth Quarter 2022 Earnings Conference Call.

Gaming and Leisure Properties, Inc. (GLPI) Q4 2022 Earnings Call Transcript

Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of 0% and 0.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Gaming and Leisure Properties (GLPI) Matches Q4 FFO Estimates

WYOMISSING, Pa., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced record results for the fourth quarter and year-ended December 31, 2022.

Gaming and Leisure Properties, Inc. Reports Record Fourth Quarter Results, Establishes 2023 Guidance and Announces 2023 First Quarter Dividend of $0.72 per Share and Special Dividend of $0.25 per Share

WYOMISSING, Pa., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2022 fourth quarter financial results after the market close on Thursday, February 23, 2023. The Company will host a conference call at 10:00 a.m. ET on Friday, February 24, 2023.

Gaming and Leisure Properties, Inc. Schedules Fourth Quarter 2022 Earnings Release and Conference Call

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WYOMISSING, Pa., Jan. 20, 2023 (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 2022 of $3.045 per share of common stock (CUSIP: 36467J108).

Gaming and Leisure Properties Inc. Announces 2022 Distribution Tax Treatment

Gaming & Leisure Properties has significantly outperformed the broader REIT space over the past year, producing a positive total return of 27%. In a turbulent macro environment, Gaming & Leisure has benefitted from contractually guaranteed cash flows under its triple net lease structure.

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WYOMISSING, Pa., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”), announced today that on January 3, 2023, it completed the previously announced acquisition from Bally's Corporation (NYSE: BALY) (“Bally's) of the land and real estate assets of Bally's Tiverton Casino & Hotel in Tiverton, RI and Bally's Hard Rock Hotel & Casino Biloxi in Biloxi, MS for $635 million in total consideration, inclusive of $15 million in the form of OP units. These properties were added to the Company's existing Master Lease with Bally's. The initial rent for the lease was increased by $48.5 million on an annual basis, subject to contractual escalations based on the Consumer Price Index, with a 1% floor and 2% ceiling, subject to CPI meeting a 0.5% threshold. The Master Lease has an initial term of 15 years (with 14 years remaining) followed by four five-year renewals at the tenant's option. Normalized rent coverage on the Master Lease – which includes Bally's Dover Casino Resort, Bally's Evansville Casino & Hotel, Bally's Quad Cities Casino & Hotel and Bally's Black Hawk Casinos – is expected to be 2.0x in the first calendar year following closing.

Gaming and Leisure Properties, Inc. Completes Previously Announced Sale Leaseback Transaction with Bally's for Tiverton, RI and Biloxi, MS Properties

Both are benefiting from a rebound in Las Vegas visits and inflation protections in their leases. The post Two Casino Stocks Stand Out As Inflation Hedges, Las Vegas Plays appeared first on Investor's Business Daily.

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WYOMISSING, Pa., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that the Company's Board of Directors has declared the fourth quarter 2022 cash dividend of $0.705 per share of its common stock. The dividend is payable on December 23, 2022 to shareholders of record on December 9, 2022. The fourth quarter 2021 regular way cash dividend was $0.67 per share of the Company's common stock.

Gaming and Leisure Properties, Inc. Declares Fourth Quarter 2022 Cash Dividend of $0.705 Per Share

Gaming and Leisure Properties' triple-net lease business model helps to shield it from near-term economic uncertainty. Recent acquisitions contribute to projected AFFO per share growth for this year.

Gaming And Leisure Properties: A Good Bet For Income And Growth

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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI ) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman and CEO Brandon Moore - EVP, General Counsel, and Secretary Desiree Burke - SVP, Chief Accounting Officer, and Treasurer Steve Ladany - SVP and Chief Development Officer Matthew Demchyk - SVP and Chief Investment Officer Conference Call Participants Neil Malkin - Capital One Securities Barry Jonas - Truist Securities Greg McGinniss - Scotiabank Haendel St. Juste - Mizuho Jay Kornreich - CMBC Brad Heffern - RBC Capital Markets David Katz - Jefferies Bennett Rose - Citigroup Ronald Kamdem - Morgan Stanley John Massocca - Ladenburg Thalmann Robin Farley - UBS Todd Thomas - KeyBanc Capital Markets Operator Greetings. Welcome to Gaming and Leisure Properties Third Quarter 2022 Earnings Conference Call.

Gaming and Leisure Properties, Inc. (GLPI) Q3 2022 Earnings Call Transcript

WYOMISSING, Pa., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended September 30, 2022.

Gaming and Leisure Properties, Inc. Reports Third Quarter 2022 Results and Updates 2022 Full Year Guidance

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News for Gaming and Leisure Properties Stock (GLPI)