Gaming and Leisure Properties Q1 2024: revenue rises to $376M, acquires Tioga Downs for $175M, updates AFFO guidance

Gaming & Leisure Properties, Inc.

2024-Q1 EPS reported $0.64 revenue$375,964,000

Q1 total revenue $376.0M (+5.8% YoY); net income $179.5M ($0.64 diluted EPS) vs $188.7M ($0.70) YoY.
AFFO $258.6M ($0.92 per share), up 4.0% YoY; FFO $244.4M ($0.87) vs $253.8M ($0.94) YoY.
Acquired Tioga Downs Casino Resort for $175M; initial annual rent $14.5M at 8.3% capitalization rate; 30-year triple-net lease.
Updated 2024 AFFO guidance: $1,042-$1,051M ($3.71-$3.74 per share), versus prior $1,041-$1,050M ($3.70-$3.74).

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 the quarter ended March 31, 2024 results: revenue $376.0 million, net income $179.5 million, EPS $0.64 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $376.0 million
Net income: $179.5 million
EPS: $0.64 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

impact of a nearly $29 million year-over-year change in our reserve for credit losses, net. On an operating basis, first quarter total revenue rose 5.8% year over year to $376.0 million and AFFO grew 4.0%. Our first quarter growth reflects GLPI’s stable portfolio of gaming operator tenants combined with our liquidity and capital markets discipline. Collectively,

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

Gaming & Leisure Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001575965-24-000018

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.