earnings
confidence high
sentiment positive
materiality 0.80
GLPI Q3 revenue $385.3M (+7.1%), AFFO $0.95; Bally's Chicago land deal closed, $1.2B notes issued
Gaming & Leisure Properties, Inc.
2024-Q3 EPS reported
$2.08
revenue$1,141,931,000
- Q3 total revenue $385.3M (+7.1% YoY); net income $190.1M ($0.67 dil EPS); AFFO $268.2M ($0.95 per share/OP unit).
- Completed $250M acquisition of Bally's Chicago land with $20M annual rent (8.0% yield); total Bally's deal $1.585B at 8.3% blended yield.
- Issued $1.2B senior notes: $800M at 5.625% due 2034 and $400M at 6.250% due 2054.
- Entered $110M delayed draw loan with Ione Band for Sacramento casino; $13.7M advanced at 11% interest.
- Q3 dividend $0.76/share, up from $0.73 YoY; FY2024 AFFO guidance $1.055-1.058B ($3.74-$3.76/dil share).