tiprankstipranks
Gaming and Leisure Properties reports Q4 AFFO 89c, consensus 89c
The Fly

Gaming and Leisure Properties reports Q4 AFFO 89c, consensus 89c

Reports Q4 revenue $336.4M, consensus $336.14M. Peter Carlino, chairman and CEO of GLPI, commented, "We ended 2022 with record fourth quarter results and increased dividends as our deep, long-term knowledge of the gaming sector has allowed us to continually expand and diversify our tenant base, geographic footprint and rental streams. Reflecting this ongoing expansion, since our establishment as the gaming industry’s first REIT, GLPI has grown from being a landlord with one tenant and 19 properties to become a landlord with six premiere tenants and 57 properties across 17 states as of December 31, 2022. Fourth quarter results again highlight the durability of our rental streams, including the completion of previously announced agreements in late 2021 and in 2022 with The Cordish Companies and Bally’s Corporation, combined with our initiatives to position the Company for further growth through the active management of all aspects of our business and capital structure."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on GLPI:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles