Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations (FFO) of $0.96 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.92 per share a year ago.
Gaming and Leisure owns 68 properties across 20 states that are leased on a long-term basis to casino operators. The post This REIT Stock Offers A High Yield For Investors To Consider appeared first on Investor's Business Daily.
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI ) Q4 2024 Earnings Conference Call February 21, 2025 11:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman and CEO Brandon Moore - President and COO Desiree Burke - Chief Financial Officer and Treasurer Steve Ladany - Senior Vice President and CDO Matthew Demchyk - Senior Vice President and CIO Conference Call Participants Brad Heffern - RBC Capital Markets Ron Kamdem - Morgan Stanley Barry Jonas - Truist Securities John Kilichowski - Wells Fargo Greg McGinnis - Scotiabank Ravi Vaidya - Mizuho David Katz - Jefferies Michael Herring - Green Street Advisors Caitlin Burrows - Goldman Sachs Todd Thomas - KeyBanc Capital Markets Mitch Germain - Citizens JMP Chad Beynon - Macquarie Rich Hightower - Barclays Daniel Guglielmo - Capital One Securities Robin Farley - UBS Colin Mansfield - CBRE Institutional Research Operator Greetings. And welcome to the Gaming and Leisure Properties Fourth Quarter 2024 Earnings Conference Call.
![]() 2GL 8 months ago | Other | €0.76 Per Share |
![]() 2GL 7 Jun 2024 | Other | €0.76 Per Share |
![]() 2GL 14 Mar 2024 | Other | €0.76 Per Share |
![]() 2GL 7 Dec 2023 | Other | €0.73 Per Share |
![]() 2GL 14 Sep 2023 | Other | €0.73 Per Share |
23 Jul 2025 (41 Days) Date | | - Cons. EPS | - EPS |
23 Apr 2025 Date | | - Cons. EPS | - EPS |
25 Feb 2025 Date | | - Cons. EPS | - EPS |
24 Oct 2024 Date | | - Cons. EPS | - EPS |
25 Jul 2024 Date | | - Cons. EPS | - EPS |
![]() 2GL 8 months ago | Other | €0.76 Per Share |
![]() 2GL 7 Jun 2024 | Other | €0.76 Per Share |
![]() 2GL 14 Mar 2024 | Other | €0.76 Per Share |
![]() 2GL 7 Dec 2023 | Other | €0.73 Per Share |
![]() 2GL 14 Sep 2023 | Other | €0.73 Per Share |
23 Jul 2025 (41 Days) Date | | - Cons. EPS | - EPS |
23 Apr 2025 Date | | - Cons. EPS | - EPS |
25 Feb 2025 Date | | - Cons. EPS | - EPS |
24 Oct 2024 Date | | - Cons. EPS | - EPS |
25 Jul 2024 Date | | - Cons. EPS | - EPS |
REIT - Specialty Industry | Real Estate Sector | Mr. Peter M. Carlino CEO | XFRA Exchange | US36467J1088 ISIN |
US Country | 19 Employees | 13 Jun 2025 Last Dividend | - Last Split | 14 Oct 2013 IPO Date |
GLPI is a specialized real estate company that operates within the gaming industry. Its core business model revolves around the acquisition, financing, and ownership of real estate properties which are then leased to gaming operators. These arrangements are typically structured as triple-net leases. This means that the tenant, or the gaming operator in this case, is responsible for virtually all costs associated with the property. This includes maintenance, insurance, taxes related to the property, and all utilities. By doing so, GLPI positions itself as a significant player in providing essential real estate solutions to the gaming industry, focusing on creating value through strategic property selection and lease management.
GLPI specializes in identifying and acquiring strategic real estate assets within the gaming sector. These properties are chosen based on their potential to generate stable and long-term rental incomes through leases to gaming operators, thereby ensuring a steady cash flow back to the company.
The company offers bespoke financing solutions tailored to the needs of gaming operators. This involves providing the necessary capital for operators to secure key locations, with GLPI then leasing these properties back to the operators under triple-net lease arrangements. This strategy not only helps operators manage their capital expenditure but also ensures GLPI's investment generates predictable returns.
GLPI's leasing model is based on triple-net lease agreements, which offload most of the financial and operational responsibilities to the tenant. Under these agreements, the gaming operators are accountable for maintenance, insurance, taxes, utilities, and other services necessary for the property. This arrangement is beneficial for GLPI as it minimizes the company's direct operational responsibilities and costs while ensuring a continuous revenue stream.