secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001628280-24-033129
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000162828024033129/0001628280-24-033129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000162828024033129/glpi-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033129

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