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Dec 31, 2023

GLPI Q4 2023 Earnings Report

Announced record fourth quarter results, established 2024 guidance, and declared a first quarter dividend of $0.76 per share.

Key Takeaways

Gaming and Leisure Properties, Inc. reported record fourth quarter results with total revenue rising 9.7% year over year to $369.0 million and AFFO growing 7.3% to $256.6 million. The company's growth was fueled by its stable base of leading regional gaming operator tenants and recent acquisitions.

Generated record fourth quarter and full year 2023 results.

Increased cash dividend.

Delivered growth across all key financial metrics for both the quarter and full year.

Completed over $1.1 billion of transactions in 2023.

Total Revenue
$369M
Previous year: $336M
+9.7%
EPS
$0.93
Previous year: $0.89
+4.5%
Adjusted EBITDA
$331M
Previous year: $312M
+6.2%
Funds from Operations
$282M
Previous year: $259M
+9.0%
Adjusted Funds From Ops
$257M
Previous year: $239M
+7.3%
Gross Profit
$295M
Previous year: $325M
-9.2%
Cash and Equivalents
$684M
Previous year: $239M
+186.1%
Free Cash Flow
$255M
Total Assets
$11.8B
Previous year: $10.9B
+8.0%

GLPI

GLPI

GLPI Revenue by Segment

Forward Guidance

The Company estimates AFFO for the year ending December 31, 2024 will be between $1,041 million and $1,050 million, or between $3.70 and $3.74 per diluted share and OP units.

Revenue & Expenses

Visualization of income flow from segment revenue to net income