secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001575965-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596523000013/0001575965-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596523000013/glpi-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001575965-23-000013

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