secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001575965-22-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GLPI Q3: revenue $333.8M, net income $0.85/share; dividend up 5%; AFFO guidance $3.52-$3.54
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596522000034/0001575965-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596522000034/glpi-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001575965-22-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer