secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001575965-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GLPI Q2 AFFO $0.91/sh, rev $326.5M; announces $1.0B Bally's RI acquisition; FY22 AFFO guidance $3.50-$3.54
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- Q2 2022 revenue $326.5M (up 2.7% YoY), net income $155.8M ($0.61 diluted EPS), AFFO $231.6M ($0.91 per share).
- Agreed to acquire Bally's Twin River Lincoln and Tiverton for $1.0B; annual rent $76.3M added to Bally's Master Lease.
- Alternative structure if Lincoln consent delayed: acquire Hard Rock Biloxi and Tiverton for $635M with $48.5M annual rent.
- FY2022 AFFO guidance $908M-$920M ($3.50-$3.54 per diluted share), including Tropicana Las Vegas close in H2 2022.
- Q2 dividend raised to $0.705/share (up from $0.67) paid June 24; completed $150M Bally's Black Hawk/Quad Cities acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596522000023/0001575965-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596522000023/glpi-q22022er1.htm
  HTML page:      https://secwatch.observer/filing/0001575965-22-000023

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