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There are two large gaming REITs, Gaming & Leisure Properties and Vici Properties. Gaming & Leisure's yield is almost a full percentage point higher than Vici's.
GLPI is expanding its portfolio of casino properties to support a growing dividend payout. The REIT's annual dividend yield currently stands at around 6% with the last quarterly distribution forming a 76.6% payout ratio against fiscal 2023 first quarter FFO. Casinos stand to remain resilient through what's expected to be strong macroeconomic pressures through 2023.
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Brandywine Realty Trust (BDN) or Gaming and Leisure Properties (GLPI). But which of these two stocks is more attractive to value investors?
While in Las Vegas, I will be looking hard at the drivers of the gaming industry. That includes consideration of the peers and the moat around the business, that is how they generate a competitive advantage that helps preserve pricing power and profitability.
Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations (FFO) of $0.92 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to FFO of $0.86 per share a year ago.
Gaming and Leisure Properties: Spread Analysis Indicates That It Is Fairly Valued
WYOMISSING, Pa., April 11, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2023 first quarter financial results after the market close on Thursday, April 27, 2023. The Company will host a conference call at 10:00 a.m. ET on Friday, April 28, 2023.
Gaming and Leisure Properties, Inc. had an excellent performance in 2022, raising its share price by double digits and creating healthy profit margins. I attribute the company's good performance to its good business model, aggressive growth, and growing rent rates.
Do you have these three REIT stocks on your radar now?
In today's market, investors have plenty of options when it comes to high-yield stocks. However, it is best to be selective and focus on the best high-yield dividend stocks.