PENN's 48.6% six-month rally reflects stronger retail execution, new-property momentum and a sharp improvement in Interactive profitability.
PENN's new casino projects are boosting revenues, while further developments could extend growth through 2030.
VNO's New York office occupancy hit 92.2% in the second quarter, up 550 basis points year-over-year, with guidance to exceed 93% by the end of fiscal year 2026. Leasing spreads remain positive, with a positive GAAP mark-to-market of 7.7% and revenue growing by 4.7% over its year-ago comp. VNO trades at 13.2x annualized FFO, below mid-cap REIT peers, suggesting possible further upside as pipeline conversion continues.
| Hotel & Resort REITs Industry | Real Estate Sector | Jay A. Snowden CEO | XSTU Exchange | 707569109 CUSIP |
| US Country | 23,441 Employees | 14 Jun 2017 Last Dividend | 4 Nov 2013 Last Split | 26 May 1994 IPO Date |
PENN Entertainment, Inc., together with its subsidiaries, is at the forefront of offering integrated entertainment, sports content, and casino gaming experiences on a significant scale. The organization structures its operations through five strategic segments, namely Northeast, South, West, Midwest, and Interactive. Initially known as Penn National Gaming, Inc., the company underwent a rebranding in August 2022 to PENN Entertainment, Inc., marking a new era in its development. Founded in 1972, and rooted in Wyomissing, Pennsylvania, PENN Entertainment has extensively grown to become a leading figure in the casino and entertainment industry, underscoring its commitment to delivering exceptional and engaging entertainment experiences to its vast customer base.