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.
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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.
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