GLPI Stock Recent News

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with COPT Defense (CDP) and Gaming and Leisure Properties (GLPI). But which of these two stocks is more attractive to value investors?

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both COPT Defense (CDP) and Gaming and Leisure Properties (GLPI). But which of these two companies is the best option for those looking for undervalued stocks?

Gaming and Leisure Properties is a REIT in the gaming industry that owns 59 casino properties in 18 states. GLPI's properties are spread out throughout the nation, with most located in the Northeast and Midwest. GLPI, in conjunction with Bally's, recently entered into an agreement with MLB team Oakland A's to bring the team to Las Vegas.

Leisure and entertainment destinations were heavily impacted by the pandemic but are now experiencing increased consumer demand. VICI Properties and Gaming and Leisure Properties are two top leisure and hospitality REITs with different market caps. VICI Properties has outperformed Gaming and Leisure Properties over the past five years and has a strong portfolio of gaming, hospitality, and entertainment destinations.

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Empire State Realty Trust (ESRT) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Empire State Realty Trust (ESRT) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI ) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman & Chief Executive Officer Desiree Burke - Chief Financial Officer & Treasurer Matthew Demchyk - Senior Vice President & Chief Investment Officer Brandon Moore - Chief Operating Officer, General Counsel & Secretary Steve Ladany - Senior Vice President & Chief Development Officer Conference Call Participants Barry Jonas - Truist Securities Haendel St. Juste - Mizuho Chad Beynon - Macquarie Daniel Guglielmo - Capital One Securities Smedes Rose - Citi Greg McGinniss - Scotiabank Ronald Kamdem - Morgan Stanley Robin Farley - UBS David Katz - Jefferies Todd Thomas - Keybanc Capital Markets Mitch Germain - JMP Securities Operator Greetings, and welcome to the Gaming and Leisure Properties Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

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?