GLPI reports record Q2 revenue $380.6M, raises AFFO guidance; $1.585B Bally's deal

Gaming & Leisure Properties, Inc.

2024-Q2 EPS reported $1.41 revenue$756,590,000

Q2 total revenue $380.6M (+6.7% YoY), net income $214.4M ($0.77 diluted EPS), AFFO $264.4M ($0.94 per share).
Full-year 2024 AFFO guidance raised to $1.054-1.059B ($3.74-3.76 per share) from prior $1.042-1.051B.
Entered $1.585B binding term sheet with Bally's to acquire Kansas City and Shreveport casinos and Chicago land; 8.3% blended initial cash yield.
Committed ~$111M for Belle of Baton Rouge landside move and hotel renovation; added $105M Silverado Franklin assets.
Second quarter dividend of $0.76 per share paid on June 21, 2024.

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