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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 (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?

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 & 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.

Not every stock has been hammered in the recent downturn. Could these three highfliers have more room to run?

The REIT sector ended a brutal 2022 on a low note, with a -7.72% total return in December. Large cap (-4.89%), mid cap (-6.03%) and small cap (-8.21%) REITs all averaged single-digit declines December, but micro caps (-15.21%) fell much more sharply.

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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.

The lone property sector in positive-territory this year, Casino REITs have benefited from their attractive “inflation-hedging” lease structure, the rebound in Las Vegas travel demand, and broader institutional investor acceptance. Casino REITs remain a favorite for investors seeking inflation-hedged assets. VICI boasts inflation-linked escalators on 96% of leases while GLPI benefits from indirect inflation hedges linked to tenant performance.

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.