GLPI reports record Q4 revenue $369M, AFFO $0.93/share; raises dividend to $0.76, issues 2024 guidance

Gaming & Leisure Properties, Inc.

2023-FY EPS reported $2.77 revenue$1,440,392,000

Q4 total revenue $369.0M (+9.7% YoY); AFFO $256.6M ($0.93/diluted share, +7.3%).
Full-year 2023 AFFO $1,006.8M ($3.69/share); 2024 AFFO guidance $1,041M-$1,050M ($3.70-$3.74).
Q1 2024 dividend declared $0.76/share, up from $0.73, payable March 29 to holders of record March 15.
Completed $175M acquisition of Tioga Downs Casino Resort with initial annual rent $14.5M, 1.75% escalator.
Closed $400M 6.750% senior notes due 2033; net proceeds for general corporate purposes.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gaming & Leisure Properties, Inc. reported three and twelve months ended December 31, 2023 results: revenue $369.0 million (quarterly), $1,440.4 million (annual), net income $217.3 million (quarterly), $755.4 million (annual), EPS $0.78 (quarterly), $2.77 (annual). Guidance initiated.

Period: three and twelve months ended December 31, 2023
Revenue: $369.0 million (quarterly), $1,440.4 million (annual)
Net income: $217.3 million (quarterly), $755.4 million (annual)
EPS: $0.78 (quarterly), $2.77 (annual)
Guidance: initiated
Result: reported results

Exact text from the filing

as we delivered growth across all key financial metrics for both the quarter and full year. On an operating basis, fourth quarter total revenue rose 9.7% year over year to $369.0 million while AFFO grew 7.3% to $256.6 million. Our record fourth quarter and full year financial results reflect GLPI’s stable base of leading regional gaming operator tenants and

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Source: SEC EDGAR

accession 0001575965-24-000008

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