Gaming and Leisure Properties ( (GLPI) ) has released its Q4 earnings. Here is a breakdown of the information Gaming and Leisure Properties presented to its investors.
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Gaming and Leisure Properties, Inc. (GLPI) is a real estate investment trust specializing in gaming and leisure properties, primarily operating in the real estate sector. The company is known for its strategic acquisitions and partnerships with leading regional gaming operators.
In its recent earnings report, Gaming and Leisure Properties, Inc. announced record financial results for the fourth quarter and the full year of 2024. The company also set guidance for 2025 and declared a first-quarter dividend of $0.76 per share.
The company reported a 5.6% increase in total revenue for the fourth quarter, reaching $389.6 million, and a 5.1% growth in Adjusted Funds from Operations (AFFO) to $269.7 million. This growth was attributed to recent acquisitions, sale-leaseback transactions, and expanded partnerships with major gaming operators like Bally’s and Boyd Gaming. The company’s adjusted EBITDA also saw an increase to $354 million for the quarter.
Gaming and Leisure Properties, Inc. continues to focus on maintaining a strong balance sheet and leveraging its partnerships to drive growth. With an increased revolving credit capacity and several strategic acquisitions, the company is well-positioned for continued financial success in 2025 and beyond.
Looking ahead, the company expects its AFFO for 2025 to range between $1.105 billion and $1.121 billion, supported by ongoing development projects and strategic financial management. This outlook reflects GLPI’s commitment to long-term growth and value creation for its shareholders.
