GLPI Stock Recent News

Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations (FFO) of $0.92 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to FFO of $0.92 per share a year ago.

WYOMISSING, Pa., April 08, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2024 first quarter financial results after the market close on Thursday, April 25, 2024. The Company will host a conference call at 10:00 a.m. ET on Friday, April 26, 2024.

The spread between REIT cap rates and the 10-year Treasury is 142 basis points narrower than usual. Despite this, GLPI is able to maintain a healthy investment spread. Looking at their recent acquisitions, GLPI is able to command an 8.18% cap rate while it only costs them 6.89% to fund acquisitions. The 1.29% difference between 8.18% and 6.89% is available to investors at a discount.

Gaming and Leisure Properties, Inc. (GLPI) Q4 2023 Earnings Call Transcript

Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations (FFO) of $0.93 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.89 per share a year ago.

In a few weeks, I will provide a keynote speech at The MoneyShow in Las Vegas and conduct research on the casino sector. This article compares two gaming REITs, Gaming and Leisure Properties and VICI Properties in terms of their portfolios, tenants, debt metrics, and financial performance. So, who's rolling the dice with me?

WYOMISSING, Pa., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2023 fourth quarter financial results after the market close on Tuesday, February 27, 2024. The Company will host a conference call at 10:00 a.m. ET on Wednesday, February 28, 2024.

Gaming and Leisure Properties (GLPI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Despite inflationary pressures, GLPI reports positive financials, including a revenue increase of 7.72%. The company can make an annual distribution of $3.15 per share, which represents a dividend yield of 7.03%. After comparing the forward P/FFO of 11.64x with the sector median of 11.56x, we can say that the company is fairly valued at current valuation.

Gaming and Leisure Properties offers opportunity due to its pricing power, efficient cost structure, and attractive dividend yield. GLPI owns 61 properties across the US, with 88% of rent coming from premier, publicly-traded gaming companies. GLPI has demonstrated resilient results, with strong profitability and potential for growth through rent resets and development pipeline.