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Gaming and Leisure (GLPI)
NASDAQ:GLPI
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.73Last Year’s EPS
$0.78Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -6.01%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments in investment and growth with significant income increases and strategic breakthroughs, especially in tribal gaming. However, these were offset by increased operating expenses and potential risks associated with new ventures. The sentiment reflects a cautious optimism with a balanced view of achievements and challenges.Company Guidance
During the Gaming and Leisure Properties (GLPI) Q3 2024 earnings call, the company provided financial guidance and insights into their ongoing and future investments. The management discussed their significant investment activity in 2024, which totaled nearly $2 billion at an attractive blended yield of 8.4%. This activity is expected to support near and long-term growth and shareholder value. They reported a year-over-year increase in total income from real estate of $25.8 million, driven by several acquisitions, including Tioga and Rockford, and escalations and rent adjustments, which collectively contributed a $7 million increase. The company provided full-year 2024 Adjusted Funds From Operations (AFFO) guidance ranging from $3.74 to $3.76 per diluted share, accounting for their current development projects in Chicago, Belle, and Island. Furthermore, they highlighted their strategic approach to maintaining a strong balance sheet with a debt maturity schedule and a zero-coupon treasury bill maturing in 2025 with an implied yield of 4.9%, while also entering forward sale agreements to raise capital. Their rent coverage ratios remained robust, and they emphasized their readiness for future opportunities, bolstered by a recent inaugural 30-year bond issuance, which extended the weighted average maturity of their liabilities.Significant Income Growth
Total income from real estate increased by $25.8 million compared to the third quarter of 2023. This growth was driven by several acquisitions and investments.
Strong Investment Activity
Developed investment activity in 2024 of nearly $2 billion with an attractive blended yield of 8.4%, affirming GLPI's disciplined capital investment approach.
Successful 30-year Bond Issuance
Completed inaugural 30-year bond issuance, extending weighted average maturity of liabilities and marking a step towards institutionalizing the asset class.
Tribal Land Deal Breakthrough
Completed a groundbreaking deal with the Ione tribe, marking the first gaming real estate transaction with tribal gaming, potentially opening a new revenue stream.
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GLPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $50.09 | $49.04 | -2.10% |
| Jul 25, 2024 | $47.55 | $48.01 | +0.97% |
| Apr 25, 2024 | $41.45 | $40.52 | -2.24% |
| Feb 27, 2024 | $41.82 | $42.73 | +2.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gaming and Leisure (GLPI) report earnings?
Gaming and Leisure (GLPI) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Gaming and Leisure (GLPI) earnings time?
Gaming and Leisure (GLPI) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLPI EPS forecast?
GLPI EPS forecast for the fiscal quarter 2024 (Q4) is $0.73.
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