secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001575965-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596524000018/0001575965-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596524000018/glpi-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001575965-24-000018

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