GLPI Q2 revenue up 9.2% to $356.6M; raises 2023 AFFO guidance; enters LOI for A's stadium in Las Vegas

Gaming & Leisure Properties, Inc.

2023-Q2 EPS reported $1.29 revenue$711,803,000

Q2 total revenue $356.6M (+9.2% YoY); net income $160.1M; AFFO $0.92/share (up from $0.91).
Q2 dividend raised to $0.72/share from $0.705 YoY; paid June 30, 2023.
Full-year 2023 AFFO guidance raised to $994M-$999M ($3.66-$3.68/share) from prior $984M-$997M.
Signed binding LOI with Bally's and Oakland A's to develop a 30,000-seat stadium at Tropicana Las Vegas; GLPI commits up to $175M.
January 2023 closed acquisition of Bally's Tiverton and Hard Rock Biloxi for $635M; redeemed $500M 5.375% Senior Notes.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Gaming & Leisure Properties, Inc. reported three months ended June 30, 2023 results: revenue $356.6 million, net income $160.1 million, EPS $0.59.

Period: three months ended June 30, 2023
Revenue: $356.6 million
Net income: $160.1 million
EPS: $0.59
Result: reported results

Exact text from the filing

gaming operators and the general resiliency of gaming revenue drove another period of record quarterly results. On an operating basis, second quarter total revenue rose 9.2% to $356.6 million compared to the second quarter in 2022. Our second quarter financial growth reflects GLPI’s long-term expansion and diversification as a landlord with six tenants with 59

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Source: SEC EDGAR

accession 0001575965-23-000021

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