GLPI Stock Recent News

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.

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.

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.

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

For investors uncertain about broader market dynamics, real estate investment trusts or REITs offer an excellent avenue to put your money to work. I think it's safe to say that the number one reason people consider this sector is the often-robust passive income potential.

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.

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.”).

The ICSC conference in Las Vegas is described as the "Super Bowl of retail" and attracts industry experts and dealmakers. I'm here this week meeting with REIT management teams. Today, I'll provide details on three REITs that are investing in casino properties.

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.

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.