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Gaming and Leisure Properties (DE:2GL)
:2GL
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.66Last Year’s EPS
0.68Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -4.54%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong financial performance and strategic growth initiatives, alongside challenges such as project delays and increased expenses. While the company showed resilience and a strategic approach to growth, uncertainties in guidance and future developments were noted.Company Guidance
During the first quarter of 2025, Gaming and Leisure Properties reported a notable increase in total income from real estate, exceeding the first quarter of 2024 by over $19 million. This growth was primarily driven by an increase in cash rent of over $26 million, stemming from acquisitions and escalations. Notable contributions included $5 million from the acquisition of Valley Chicago Land, $1 million from Tropicana funding, and $8 million from Kansas City and Shreveport. Additionally, strategic acquisitions increased cash income by $2.3 million, while escalators and percentage rent adjustments added approximately $6.7 million. Operating expenses rose by $18 million due to a non-adjustment in the provision for credit losses. The company's updated full-year 2025 guidance forecasts a range of $3.84 to $3.87 per diluted share in OP units, with a reduction at the high end due to the assumption that the escalation on the Pinnacle lease will not be achieved. Rent coverage ratios remained strong, ranging from 1.73 to 2.51 times on master leases.Significant Increase in Real Estate Income
Total income from real estate exceeded the first quarter of 2024 by over $19 million, driven by increases in cash rent of over $26 million.
Strong Rent Coverage Ratios
Rent coverage ratios remain strong, ranging from 1.73 to 2.51 times on master leases as of the end of the prior quarter.
Healthy Leverage and Prefunding Strategy
Leverage is healthy at 4.7 times annualized net debt to EBITDA, with maturities well laddered and a prefunding capital strategy reducing risk and maximizing flexibility.
Progress on Chicago Project
Significant progress on Chicago project with 272 out of 331 caissons completed and steel ordered for July.
Resilient Cash Flows Amid Market Conditions
Despite macro uncertainty, cash flows remain steady and resilient, supported by a strategic approach focusing on long-term value.
DE:2GL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:2GL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | €43.39 | €43.08 | -0.71% |
Feb 20, 2025 | €45.94 | €46.10 | +0.34% |
Oct 24, 2024 | €45.55 | €45.33 | -0.49% |
Jul 25, 2024 | €42.57 | €42.86 | +0.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Gaming and Leisure Properties (DE:2GL) report earnings?
Gaming and Leisure Properties (DE:2GL) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Gaming and Leisure Properties (DE:2GL) earnings time?
Gaming and Leisure Properties (DE:2GL) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Gaming and Leisure Properties stock?
The P/E ratio of Gaming and Leisure is N/A.
What is DE:2GL EPS forecast?
DE:2GL EPS forecast for the fiscal quarter 2025 (Q2) is 0.66.