secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001575965-24-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GLPI Q3 revenue $385.3M (+7.1%), AFFO $0.95; Bally's Chicago land deal closed, $1.2B notes issued
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596524000036/0001575965-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596524000036/glpi-20241025.htm
  HTML page:      https://secwatch.observer/filing/0001575965-24-000036

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