Gaming And Leisu Stock Price, News & Analysis

Gaming and Leisure Properties (GLPI) is set to report its Q1 2023 financial results after market hours on April 27, 2023. A conference call will be held on April 28, 2023, at 10:00 a.m. ET, where management will discuss the quarterly performance and address questions from investors. Participants can access the call through the company's website. GLPI specializes in acquiring, financing, and owning real estate properties leased to gaming operators under triple-net lease agreements, which allocate maintenance and operational costs to tenants.

Gaming and Leisure Properties (NASDAQ: GLPI) reported record financial results for Q4 and the full year ending December 31, 2022. Total revenue reached $336.4 million, up from $298.3 million in Q4 2021, with income from operations at $275.5 million compared to $204.4 million. Net income surged to $199.6 million versus $119.6 million the previous year, and adjusted funds from operations (AFFO) increased to $239.1 million. The company declared a first-quarter dividend of $0.72 per share, highlighting a commitment to shareholder returns. GLPI is well-positioned for future growth, benefiting from strategic partnerships with key gaming operators.

Gaming and Leisure Properties, (NASDAQ: GLPI), will release its 2022 fourth quarter financial results on February 23, 2023, after market close. A conference call will be held on February 24, 2023, at 10:00 a.m. ET, featuring CEO Peter M. Carlino and senior management, who will discuss the quarter's performance and recent events. Investors can access the call through the company's website and a playback will be available for 90 days. GLPI focuses on acquiring, financing, and owning real estate leased to gaming operators under triple-net lease agreements, ensuring operational responsibilities lie with tenants.

PENN Entertainment reported its 2022 fourth quarter results with revenues of $1.6 billion, up 0.8% year-over-year. However, net income decreased to $20.8 million from $44.8 million, yielding a net income margin of 1.3%. Adjusted EBITDAR was $468.3 million, down 2.5% year-over-year, though Adjusted EBITDA improved by 18.8% to $438.3 million. The company initiated guidance for 2023 with projected revenues between $6.15 billion and $6.58 billion. PENN also repurchased $91 million of stock and has $2.6 billion in total liquidity, alongside total traditional net debt of $1.1 billion.

Gaming and Leisure Properties (GLPI) announced an income tax allocation for federal income tax purposes for 2022 distributions amounting to $3.045 per share. The tax return for the year ended December 31, 2022, has not yet been filed, and the tax allocation has been determined using the best available data as of the press release date. Shareholders are advised to consult with their tax advisors to understand the tax implications, as state and local taxation of these distributions may differ from federal regulations.

On January 3, 2023, Gaming and Leisure Properties (NASDAQ: GLPI) finalized the acquisition of Bally's Tiverton Casino & Hotel and Bally’s Hard Rock Hotel & Casino Biloxi for $635 million. This deal increased the annual rent from the Master Lease with Bally's by $48.5 million, with a total expected normalized rent coverage of 2.0x in the first year. GLPI also retains an option to acquire Bally’s Twin River Lincoln Casino Resort for $771 million by December 31, 2024. Peter Carlino, GLPI's CEO, expressed satisfaction with expanding their lease portfolio.

Gaming and Leisure Properties (NASDAQ: GLPI) has announced a cash dividend of $0.705 per share for Q4 2022, payable on December 23, 2022, to shareholders on record by December 9, 2022. This marks an increase from last year’s $0.67 per share dividend. The company aims to maintain regular quarterly cash dividends, subject to Board approval. GLPI specializes in acquiring and leasing real estate to gaming operators under triple-net lease agreements, where tenants cover all property-related expenses.

PENN Entertainment reported Q3 2022 results, achieving $1.6 billion in revenue, a 7.5% year-over-year increase. Net income rose to $123.2 million with a net income margin of 7.6%, up from 5.7% in the prior year. Adjusted EBITDA reached $440.4 million, a 20.9% increase, while Adjusted EBITDAR decreased by 1.7% to $471.9 million, with a margin of 29.0%. The company continues to pursue growth through new land-based facilities and a strong omnichannel strategy, reaffirming its full-year guidance for revenue between $6.15 billion and $6.55 billion.