Gaming and Leisure Properties, Inc. (GLPI)
Market Cap | 14.28B |
Revenue (ttm) | 1.51B |
Net Income (ttm) | 778.26M |
Shares Out | 282.48M |
EPS (ttm) | 2.86 |
PE Ratio | 17.66 |
Forward PE | 17.11 |
Dividend | $3.04 (6.02%) |
Ex-Dividend Date | Sep 13, 2024 |
Volume | 1,127,808 |
Open | 50.66 |
Previous Close | 50.25 |
Day's Range | 49.98 - 50.81 |
52-Week Range | 41.80 - 52.60 |
Beta | 1.00 |
Analysts | Buy |
Price Target | 52.28 (+3.44%) |
Earnings Date | Oct 24, 2024 |
About GLPI
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. [Read more]
Financial Performance
In 2023, GLPI's revenue was $1.44 billion, an increase of 9.81% compared to the previous year's $1.31 billion. Earnings were $733.85 million, an increase of 7.25%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for GLPI stock is "Buy." The 12-month stock price forecast is $52.28, which is an increase of 3.44% from the latest price.
News
Gaming And Leisure Properties: Growth Outlook Makes Them A Long-Term Buy
Gaming and Leisure Properties, Inc. doesn't get enough credit in my opinion. GLPI's acquisitions, including the deal with Bally's, bolster its portfolio and future growth potential. GLPI's >6% yield, ...
Gaming and Leisure Properties Offers Unique Value Drivers Combined With Positive Spreads
Despite solid Q3 results and high-income potential, GLPI's relative attractiveness has decreased compared to other net lease REITs. Nevertheless, the company remains a strong pick in the net lease sec...
Gaming and Leisure Properties REIT: Good Yield At A Fair Price
Gaming and Leisure Properties offers geographic diversification with exposure to the gaming industry, trading at an attractive FFO multiple and providing a strong dividend yield. GLPI's high-quality p...
Beat Back Market Turbulence With These Yields Up To 9%
Election. Recession. No landing. Social unrest. Election contest. Low beta, anyone? Today we'll talk calm in a sea of manic. A six-pack of tranquil dividend payers yielding up to 8.9%.
Gaming and Leisure Properties, Inc. (GLPI) Q3 2024 Earnings Call Transcript
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Joe Jaffoni - IR Peter Carlino - Chairman and CEO Desiree Burke - ...
Gaming and Leisure Properties Reports Record Third Quarter 2024 Results
WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended September 30, 20...
6.5 Trillion Reasons Why This 6% Dividend Will Soar
Right now, there's $6.5 trillion in cash sitting on the sidelines—and a big slice of it is about to drop straight into a select group of dividend stocks.
Gaming and Leisure Properties, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
WYOMISSING, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2024 third quarter financial results after the m...
Gaming And Leisure Properties Closes A Land Deal Reinforcing Its 'Buy' Rating
Gaming and Leisure Properties (GLPI) completed a $250M land acquisition in Chicago, securing an 8% cap rate, with further investments planned in partnership with Bally's Corporation. GLPI's total inve...
Gaming and Leisure Properties Promotes Brandon Moore to Additional Role of President
WYOMISSING, Pa., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) today announced the promotion of Chief Operating Officer, Brandon Moore...
Gaming and Leisure Properties Closes on $250 Million Land Acquisition, the Site for Bally's Future Chicago Flagship Casino
WYOMISSING, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) (“GLPI” or “the Company”), announced today that it completed its previously announced $250 million...
Gaming and Leisure Properties, Inc. Declares Third Quarter 2024 Cash Dividend of $0.76 Per Share
WYOMISSING, Pa., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that the Company's Board of Directors has declared the third quar...
REIT Fantasy Football: 11 Companies To Start Your Team
Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. Wit...
Four REIT stocks pass a strict quality screen, with dividend yields up to 6.19%
Investors can never predict the exact timing of interest-rate cuts, but many expect the Federal Open Market Committee to begin reducing the target range for the federal-funds rate on Sept. 18, followi...
3 Gaming REITs To Bet On
Experiential real estate has become popular due to the threat of e-commerce. These properties are unique and offer experiences that cannot be duplicated online. Gaming-focused REITs like Gaming and Le...
Gaming and Leisure Properties: Undervalued Despite Top-Tier Quarterly Results
Gaming and Leisure Properties operates in a unique gaming property sector with strong value drivers and competitive advantages. GLPI delivered strong Q2 2024 results with top-tier business metrics and...
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...
Gaming and Leisure Properties Announces Pricing of $800,000,000 of 5.625% Senior Notes Due 2034 and $400,000,000 of 6.250% Senior Notes Due 2054
WYOMISSING, Pa,, July 30, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $1,200,000,000 aggregate principal am...
Gaming and Leisure Properties, Inc. (GLPI) Q2 2024 Earnings Call Transcript
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q2 2024 Earnings Call Transcript July 26, 2024 10:00 AM ET Company Participants Joe Jaffoni - IR Peter Carlino - Chairman and CEO Desiree Burke - CFO...
Gaming and Leisure Properties Reports Record Second Quarter 2024 Results and Increases 2024 Full Year Guidance
WYOMISSING, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended June 30, 2024.
Gaming And Leisure Properties Creates More Value Than VICI Properties In The Current Environment
Both GLPI and VICI generate an investment spread above their cost of capital. However, GLPI generates a wider spread (103 bps) than VICI (17 bps). Both REITs are priced within a range of fair value a...
Good News For Gaming And Leisure Properties
GLPI signed a term sheet for a $1.585b investment volume and its purchase option adjustment. The transaction is subject to several conditions and hasn't been closed yet. Nevertheless, the fundamental ...
Bally's Secures Funding Commitment that Aggregates $2.07 Billion from Gaming and Leisure Properties
PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY) ("Bally's”) today announced it has entered into a binding term sheet for a strategic construction and financing arrangement with Gam...