Deal CommitmentsGaming and Leisure Properties sits in an envious position, with roughly $2B in deal commitments in place at a highly attractive yield, while leverage screens low in a historical context.
Dividend YieldThe dividend offers an attractive 6.1% yield, compared to REITs overall at 3.7%, with ample coverage, implying no risk.
Valuation And RecommendationPipeline visibility, discounted valuation, and a strong balance sheet contribute to the upgrade to a Buy rating.