Welcome to our dedicated page for Gaming And Leisu news (Ticker: GLPI), a resource for investors and traders seeking the latest updates and insights on Gaming And Leisu stock.
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a gaming-focused real estate investment trust that regularly issues news on its financial performance, capital allocation and development activity. This news page aggregates GLPI press releases and third-party coverage so readers can follow how the company’s portfolio of gaming real estate and triple-net leases evolves over time.
GLPI’s announcements frequently cover quarterly earnings results, including updates on revenue, net income, Funds From Operations (FFO), Adjusted Funds From Operations (AFFO) and Adjusted EBITDA. Earnings releases often include management commentary on tenant performance, rent coverage metrics, and the impact of acquisitions and development funding on GLPI’s cash flows and dividend capacity.
Another recurring theme in GLPI news is transaction and development activity. The company issues detailed updates on acquisitions of casino and racetrack real estate, sale-leaseback transactions, and funding commitments for new or expanded properties. Recent examples include agreements to acquire the real estate of Sunland Park Racetrack & Casino, commitments to fund projects such as Bally’s Chicago, Live! Casino & Hotel Virginia and Caesars Republic Sonoma County, and financing arrangements for developments with PENN Entertainment and tribal and tribal-affiliated entities.
GLPI also reports on capital markets and balance sheet actions, such as senior note offerings, forward equity sales and the planned use of proceeds to refinance existing debt and support growth projects. Dividend declarations and board-level decisions, including changes in the composition of the board of directors, are additional topics that appear in company news.
Investors, analysts and other market participants can use this page to review GLPI’s historical and recent announcements in one place, monitor updates on key development projects and financing transactions, and understand how management describes the company’s strategy and risk considerations over time.
Gaming and Leisure Properties (GLPI) reported record financial results for the second quarter of 2021, with total revenue of $317.8 million, up from $262.0 million in 2020. Key metrics include net income of $138.2 million and Funds from Operations (FFO) of $195.1 million. GLPI anticipates continuous growth, projecting rent escalations from significant leases, including a $6.1 million increase from the Pinnacle Master Lease. The company has maintained strong capital returns, with a $0.67 dividend declared for the second quarter. As of July 29, 2021, all properties were operational, indicating robust recovery amidst the ongoing pandemic.
Gaming and Leisure Properties (NASDAQ: GLPI) will release its 2021 second quarter financial results on July 29, 2021, after market close. A conference call is scheduled for July 30, 2021, at 10:00 a.m. ET, where CEO Peter M. Carlino and the management team will discuss the results and recent developments. Investors can access the call via the company's Investor Relations website, with a replay available for 90 days. GLPI specializes in acquiring and owning real estate properties leased to gaming operators under triple-net lease agreements.
Gaming and Leisure Properties (NASDAQ: GLPI) has finalized its acquisition of Tropicana Evansville and Dover Downs Hotel and Casino for approximately $484 million in cash. This transaction enhances GLPI's portfolio and establishes a long-term partnership with Bally's Corporation through a triple-net lease agreement with an initial annual cash rent of $40 million. The lease spans 15 years with renewal options. The acquisition aims to bolster GLPI's regional gaming assets and operational strength, leveraging Bally's growth plans and previous successes in the gaming market.
Gaming and Leisure Properties (GLPI) declared a quarterly cash dividend of $0.67 per share for Q2 2021, marking a 3% increase from the previous quarter. The dividend is payable on June 25, 2021 to shareholders of record as of June 11, 2021.
Future dividends will be assessed quarterly by the Board of Directors at their discretion. GLPI specializes in acquiring and leasing real estate to gaming operators through triple-net lease agreements, where tenants handle all property maintenance and operations costs.
Gaming and Leisure Properties (GLPI) reported strong Q1 2021 financial results, with total revenue of $301.5 million, up from $283.5 million in Q1 2020. Net income rose to $127.2 million from $96.9 million, while FFO and AFFO showed increases to $183.6 million and $195.7 million respectively. The company announced an expansion with Bally's Corporation, acquiring casino assets for $150 million, expected to generate an additional $12 million in annual rent. All 48 properties are open, showcasing resilience post-COVID-19.
Gaming and Leisure Properties (NASDAQ: GLPI) has signed a term sheet with Bally’s Corporation (NYSE: BALY) to acquire real estate assets of Bally’s Black Hawk, CO, and a planned acquisition in Rock Island, IL, totaling $150 million. This acquisition is subject to regulatory approval and expected to close in early 2022, generating an additional $12 million in rent with a coverage ratio of 2.25x. GLPI also secured a right of first refusal for future transactions in several states and plans to convert the Tropicana into an income-generating ground lease, enhancing financial stability.
Gaming and Leisure Properties (GLPI) will announce its 2021 Q1 financial results on April 29, 2021, post-market close. A conference call will follow at 10:00 a.m. ET on April 30, 2021, where management, led by CEO Peter M. Carlino, will discuss the results and recent developments. Investors can participate via a live webcast on the company’s website, with a replay available for up to 90 days. GLPI specializes in acquiring and owning properties leased to gaming operators under triple-net lease agreements, ensuring the tenant covers all operational costs.
Gaming and Leisure Properties (NASDAQ: GLPI) announced a Q1 2021 cash dividend of $0.65 per share, payable on March 23, 2021, to shareholders of record as of March 9, 2021. This dividend reflects the impact of 9.2 million shares issued in Q4 2020 and 8.0 million shares from stock dividends in 2020. The Board aims to pay regular dividends but will review them quarterly at its discretion. GLPI specializes in acquiring and leasing real estate properties for gaming operators under triple-net lease agreements.
Gaming and Leisure Properties (NASDAQ: GLPI) reported strong fourth-quarter 2020 results, achieving total revenue of $300.2 million. The company collected all rents due in 2020 and noted tenants' financial recovery, with all properties operational as of February 2021. Key transactions included acquiring Tropicana Evansville's real estate and the Dover Downs Hotel & Casino for $340 million and $144 million, respectively. GLPI aims to return to all-cash dividends in 2021, with a net income of $169.3 million for Q4 and $505.7 million for the full year.
Gaming and Leisure Properties (GLPI) will announce its fourth quarter 2020 financial results after market close on February 18, 2021. A conference call led by CEO Peter M. Carlino will take place on February 19, 2021, at 9:00 a.m. ET to discuss performance and recent events. Investors can access the call via the company's website and listen to a replay for 90 days afterward. GLPI specializes in real estate for gaming operators, functioning as a real estate investment trust (REIT) since 2014.
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