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GLPI
🇺🇸 NASDAQ:GLPI
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OverviewEarningsDividends
•
Sep 30, 2021

GLPI Q3 2021 Earnings Report

Reported consistent earnings and exceeded the comparable period in 2020, demonstrating ability to consistently build value.

Key Takeaways

Gaming and Leisure Properties, Inc. (GLPI) announced strong third-quarter results, with net income and Adjusted Funds From Operations (AFFO) exceeding the comparable period in 2020 by 17.3% and 6.4%, respectively. The company completed the sale of the operations of Hollywood Casino Perryville and is focused on portfolio expansion and diversification.

Net income and AFFO exceeded the comparable period in 2020 by 17.3% and 6.4%, respectively.

Completed the sale of the operations of Hollywood Casino Perryville, resulting in proceeds of approximately $31 million.

GLPI's high quality tenant roster continues to highlight the strength and resiliency of regional gaming markets.

GLPI is well positioned to deliver further growth as it pursues additional portfolio expansion and diversification.

Total Revenue
$299M
Previous year: $308M
-2.9%
EPS
$0.88
Previous year: $0.89
-1.1%
Adjusted EBITDA
$277M
Previous year: $265M
+4.3%
Funds from Operations
$209M
Previous year: $182M
+14.7%
Adjusted Funds From Ops
$207M
Previous year: $195M
+6.4%
Gross Profit
$284M
Previous year: $281M
+0.8%
Cash and Equivalents
$423M
Previous year: $106M
+299.7%
Total Assets
$9.28B
Previous year: $8.64B
+7.5%

GLPI

GLPI

GLPI Revenue by Segment

Forward Guidance

GLPI believes it is well positioned to deliver further growth as it pursues additional portfolio expansion and diversification while benefiting from the ongoing strength in regional gaming markets.

Positive Outlook

  • Further growth potential through portfolio expansion and diversification.
  • Ongoing strength in regional gaming markets.
  • Operations at GLPI’s properties continuing to generate record results.
  • Commitment to balance sheet strength.
  • Positioned as an investment grade issuer.

Challenges Ahead

  • Effect of pandemics, such as COVID-19, on GLPI.
  • Ability to successfully consummate the announced transactions with Bally's, and Casino Queen.
  • Availability of and the ability to identify suitable and attractive acquisition and development opportunities and the ability to acquire and lease those properties on favorable terms
  • Ability to receive, or delays in obtaining, the regulatory approvals required to own and/or operate its properties, or other delays or impediments to completing acquisitions or projects.
  • Changes in the U.S. tax law and other state, federal or local laws

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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