earnings
confidence high
sentiment positive
materiality 0.80
GLPI Q3: revenue $333.8M, net income $0.85/share; dividend up 5%; AFFO guidance $3.52-$3.54
Gaming & Leisure Properties, Inc.
2022-Q3 EPS reported
$1.95
revenue$975,297,000
- Q3 revenue $333.8M (+12% YoY), net income $226.2M ($0.85/diluted) vs $149.1M ($0.63) YoY.
- AFFO per diluted share $0.89, up from $0.88 YoY; full-year 2022 AFFO guidance $918M-$923M ($3.52-$3.54/share).
- Closed Bally's Tropicana Las Vegas transaction: pre-tax gain $67.4M, new 50-year ground lease at $10.5M annual rent.
- Announced new PENN master lease for seven properties effective Jan 1, 2023, with up to $575M funding for relocations/developments.
- Q3 dividend raised to $0.705/share (+5.2% YoY); declared Aug 31, paid Sep 30.