GLPI reports record Q1 2023 revenue $355.2M (+12.8% YoY); updates 2023 AFFO guidance to $3.63-$3.67 per share

Gaming & Leisure Properties, Inc.

2023-Q1 EPS reported $0.70 revenue$355,214,000

Q1 total revenue $355.2M (12.8% YoY increase), net income $188.7M ($0.70 diluted), AFFO $248.6M ($0.92 per share).
Board declared regular Q1 dividend $0.72/share plus special $0.25/share from Tropicana Las Vegas sale; paid March 24, 2023.
Completed $635M acquisition of Bally's Tiverton and Hard Rock Biloxi; added annualized rent $48.5M.
Full-year 2023 AFFO guidance updated to $984-997M ($3.63-$3.67 per share) vs prior $980-997M ($3.61-$3.67).
PENN 2023 Master Lease created; GLPI to fund up to $575M for property relocations and development at 7.75% cap rate.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gaming & Leisure Properties, Inc. reported the quarter ended March 31, 2023 results: revenue $ 355.2, net income $ 188.7, EPS $ 0.70.

Period: the quarter ended March 31, 2023
Revenue: $ 355.2
Net income: $ 188.7
EPS: $ 0.70
Result: reported results

Exact text from the filing

announced financial results for the quarter ended March 31, 2023. Financial Highlights Three Months Ended March 31, (in millions, except per share data) 2023 2022 Total Revenue $ 355.2 $ 315.0 Income from Operations $ 266.8 $ 199.8 Net Income $ 188.7 $ 121.7 FFO (1) (4) $ 253.8 $ 180.3 AFFO (2) (4) $ 248.6 $ 218.6 Adjusted EBITDA (3) (4) $ 323.1 $ 293.3 Net

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Source: SEC EDGAR

accession 0001575965-23-000013

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