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.

WYOMISSING, Pa,, July 30, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $1,200,000,000 aggregate principal amount of Notes (as defined below), 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 will be issued in two tranches, the first of which will be senior notes due 2034 (the “2034 Notes”) and the second of which will be senior notes due 2054 (the “2054 Notes” and, together with the 2034 Notes, the “Notes”).The 2034 Notes priced at 99.094% of par value, with a coupon of 5.625% and will mature on September 15, 2034. The 2054 Notes priced at 99.183% of par value, with a coupon of 6.250% and will mature on September 15, 2054. The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.

Gaming and Leisure Properties Announces Pricing of $800,000,000 of 5.625% Senior Notes Due 2034 and $400,000,000 of 6.250% Senior Notes Due 2054

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI ) Q2 2024 Earnings Call Transcript July 26, 2024 10:00 AM ET Company Participants Joe Jaffoni - IR Peter Carlino - Chairman and CEO Desiree Burke - CFO and Treasurer Matthew Demchyk - SVP and CIO Brandon Moore - COO Steve Ladany - SVP and CDO Conference Call Participants Brad Heffern - RBC Capital Markets Jay Kornreich - Wedbush Securities Barry Jonas - Truist Securities David Katz - Jefferies Haendel St. Juste - Mizhuo Securities Smedes Rose - Citi Greg McGinnis - Scotiabank Daniel Guglielmo - Capital One Securities Ronald Kamdem - Morgan Stanley Shaun Kelley - Bank of America Robin Farley - UBS Chad Beynon - Macquarie John DeCree - CBRE Operator Greetings and welcome to the Gaming and Leisure Properties, Inc., Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Gaming and Leisure Properties, Inc. (GLPI) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Gaming and Leisure Properties (GLPI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Gaming and Leisure Properties (GLPI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations (FFO) of $0.94 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.92 per share a year ago.

Gaming and Leisure Properties (GLPI) Meets Q2 FFO Estimates

WYOMISSING, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended June 30, 2024.

Gaming and Leisure Properties Reports Record Second Quarter 2024 Results and Increases 2024 Full Year Guidance

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SHO vs. GLPI: Which Stock Is the Better Value Option?

Both GLPI and VICI generate an investment spread above their cost of capital.  However, GLPI generates a wider spread (103 bps) than VICI (17 bps). Both REITs are priced within a range of fair value as measured by the difference between the forward AFFO yield and an unbiased measure of fair value. Given the wider investment spread, GLPI is the superior choice in the current economic environment.

Gaming And Leisure Properties Creates More Value Than VICI Properties In The Current Environment

GLPI signed a term sheet for a $1.585b investment volume and its purchase option adjustment. The transaction is subject to several conditions and hasn't been closed yet. Nevertheless, the fundamental conditions outlined within the term sheet are highly favourable to GLPI.

Good News For Gaming And Leisure Properties

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PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY) ("Bally's”) today announced it has entered into a binding term sheet for a strategic construction and financing arrangement with Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) including funding to complete the construction of Bally's permanent casino development in the City of Chicago (the “Project”). Transaction Details An affiliate of Gaming and Leisure Properties has reached an agreement to acquire the real esta.

Bally's Secures Funding Commitment that Aggregates $2.07 Billion from Gaming and Leisure Properties

Multi-Faceted Transaction Further Expands and Diversifies GLPI's Industry-Leading Regional Property Portfolio; Provides Bally's with Financing for its Highly-Anticipated Flagship Chicago Casino Facility

Gaming and Leisure Properties Enters into Sale Leaseback and Development Funding Transactions with Bally's Corporation Totaling $1.585 Billion at Blended 8.3% Initial Cash Yield

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WYOMISSING, Pa., June 26, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2024 second quarter financial results after the market close on Thursday, July 25, 2024. The Company will host a conference call at 10:00 a.m. ET on Friday, July 26, 2024.

Gaming and Leisure Properties, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

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WYOMISSING, Pa., June 03, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) announced today that it has agreed to fund and oversee a landside move and hotel renovation of Belle of Baton Rouge (“The Belle”) in Baton Rouge, LA for its tenant The Queen Casino and Entertainment Inc. (“Queen Casino & Entertainment Inc.”).

Gaming and Leisure Properties to Provide Casino Queen Holdings with $111 Million Funding for Landside Move of Belle of Baton Rouge

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Gaming and Leisure Properties operates in the gaming properties sector, offering unique value drivers compared to other triple net lease REITs. It operated at a 100% occupancy rate since inception due to limited supply and regulations limiting tenants' movement, as well as strong triple net leases with favorable terms. GLPI remains immune to major secular trends and offers the potential for double-digit total returns through dividends, multiple appreciation, and further growth.

Gaming and Leisure Properties: Outstanding Business Metrics Within A Unique Sector

WYOMISSING, Pa., May 20, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”) announced today that the Company's Board of Directors has declared the second quarter 2024 cash dividend of $0.76 per share of its common stock. The dividend is payable on June 21, 2024 to shareholders of record on June 7, 2024. The second quarter 2023 cash dividend was $0.72 per share of the Company's common stock.

Gaming and Leisure Properties, Inc. Declares Second Quarter 2024 Cash Dividend of $0.76 Per Share

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News for Gaming and Leisure Properties Stock (GLPI)