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Complete financial analysis of Gaming and Leisure Properties, Inc. (GLPI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Gaming and Leisure Properties, Inc., a leading company in the REIT – Specialty industry within the Real Estate sector.
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Gaming and Leisure Properties, Inc. (GLPI)
About Gaming and Leisure Properties, Inc.
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.44B | 1.31B | 1.22B | 1.15B | 1.15B | 1.06B | 971.31M | 828.26M | 575.05M | 635.95M | 242.13M | 210.64M | 231.88M |
| Cost of Revenue | 54.58M | 49.05M | 90.43M | 85.74M | 117.14M | 194.24M | 189.16M | 151.91M | 122.19M | 144.88M | 100.14M | 127.82M | 140.00M |
| Gross Profit | 1.39B | 1.26B | 1.13B | 1.07B | 1.04B | 861.49M | 782.15M | 676.34M | 452.87M | 491.06M | 141.99M | 82.83M | 91.89M |
| Gross Profit Ratio | 96.21% | 96.26% | 92.57% | 92.56% | 89.84% | 81.60% | 80.53% | 81.66% | 78.75% | 77.22% | 58.64% | 39.32% | 39.63% |
| Research & Development | 0.00 | 0.55 | 0.46 | 0.44 | 0.34 | 0.33 | 0.40 | 0.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 56.45M | 51.32M | 61.25M | 68.57M | 65.48M | 71.13M | 63.15M | 86.17M | 85.67M | 80.84M | 56.69M | 31.39M | 31.76M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 56.45M | 51.32M | 61.25M | 68.57M | 65.48M | 71.13M | 63.15M | 86.17M | 85.67M | 80.84M | 56.69M | 31.39M | 31.76M |
| Other Expenses | 0.00 | 245.59M | 244.66M | 230.97M | 240.44M | 137.09M | 113.48M | 109.55M | 109.78M | 106.84M | 28.92M | 14.09M | 14.57M |
| Operating Expenses | 325.76M | 296.91M | 305.91M | 299.55M | 305.91M | 208.22M | 176.63M | 195.72M | 195.45M | 187.68M | 85.61M | 45.48M | 46.33M |
| Cost & Expenses | 373.90M | 345.95M | 396.33M | 385.28M | 423.05M | 402.46M | 365.79M | 347.63M | 317.64M | 332.56M | 185.75M | 173.30M | 186.33M |
| Interest Income | 12.61M | 1.91M | 197.00K | 569.00K | 756.00K | 1.83M | 1.94M | 2.12M | 2.33M | 2.44M | 1.00K | 2.00K | 4.00K |
| Interest Expense | 323.39M | 309.29M | 283.04M | 282.14M | 301.52M | 247.68M | 217.07M | 185.90M | 124.18M | 117.03M | 19.25M | 0.00 | 0.00 |
| Depreciation & Amortization | 276.42M | 345.95M | 396.33M | 385.28M | 423.05M | 402.46M | 365.79M | 347.63M | 109.78M | 106.84M | 28.92M | 14.09M | 14.57M |
| EBITDA | 1.34B | 1.22B | 1.07B | 1.01B | 956.14M | 742.18M | 729.35M | 596.34M | 367.20M | 365.35M | 78.63M | 57.76M | 67.08M |
| EBITDA Ratio | 93.23% | 93.18% | 86.87% | 86.67% | 84.23% | 75.04% | 74.22% | 71.51% | 64.26% | 64.89% | 35.23% | 24.42% | 25.93% |
| Operating Income | 1.07B | 1.03B | 841.77M | 809.27M | 717.42M | 593.81M | 605.52M | 480.62M | 257.42M | 303.38M | 60.58M | 43.67M | 52.51M |
| Operating Income Ratio | 74.04% | 78.52% | 69.20% | 70.18% | 62.20% | 56.25% | 62.34% | 58.03% | 44.76% | 47.71% | 25.02% | 20.73% | 22.65% |
| Total Other Income/Expenses | -309.13M | -245.39M | -257.59M | -258.29M | -321.78M | -249.33M | -215.13M | -183.77M | -121.85M | -114.59M | -23.46M | -6.32M | -6.95M |
| Income Before Tax | 757.37M | 720.34M | 562.43M | 509.59M | 395.65M | 344.48M | 390.39M | 296.85M | 135.56M | 188.80M | 37.13M | 37.35M | 45.56M |
| Income Before Tax Ratio | 52.58% | 54.92% | 46.24% | 44.19% | 34.30% | 32.63% | 40.19% | 35.84% | 23.57% | 29.69% | 15.33% | 17.73% | 19.65% |
| Income Tax Expense | 2.00M | 17.06M | 28.34M | 3.88M | 4.76M | 4.96M | 9.79M | 7.55M | 7.44M | 3.41M | 17.30M | 14.43M | 18.88M |
| Net Income | 734.28M | 684.65M | 534.05M | 505.71M | 390.88M | 339.52M | 380.60M | 289.31M | 128.12M | 185.38M | 19.83M | 22.92M | 26.68M |
| Net Income Ratio | 50.98% | 52.20% | 43.91% | 43.85% | 33.89% | 32.16% | 39.18% | 34.93% | 22.28% | 29.15% | 8.19% | 10.88% | 11.51% |
| EPS | 2.78 | 2.71 | 2.27 | 2.31 | 1.82 | 1.59 | 1.80 | 1.62 | 1.12 | 1.65 | 0.18 | 0.26 | 0.30 |
| EPS Diluted | 2.77 | 2.70 | 2.26 | 2.30 | 1.81 | 1.58 | 1.79 | 1.60 | 1.08 | 1.58 | 0.17 | 0.26 | 0.30 |
| Weighted Avg Shares Out | 264.05M | 252.72M | 235.47M | 218.82M | 214.67M | 213.53M | 211.44M | 178.58M | 114.39M | 112.35M | 110.17M | 89.02M | 89.02M |
| Weighted Avg Shares Out (Dil) | 264.99M | 253.85M | 236.23M | 219.77M | 215.79M | 214.78M | 212.75M | 180.82M | 118.63M | 117.33M | 110.17M | 89.02M | 89.02M |
Gaming and Leisure Properties, Inc. (GLPI) Q4 2023 Earnings Call Transcript
Gaming and Leisure Properties, Inc. (GLPI) Q4 2023 Earnings Call Transcript
Gaming and Leisure Properties (GLPI) Meets Q4 FFO Estimates
Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations (FFO) of $0.93 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.89 per share a year ago.
Gaming and Leisure Properties, Inc. Reports Record Fourth Quarter Results, Establishes 2024 Guidance and Announces 2024 First Quarter Dividend of $0.76 Per Share
WYOMISSING, Pa., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced record results for the fourth quarter and year-ended December 31, 2023.
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VICI Properties Vs. Gaming and Leisure Properties: Game On!
In a few weeks, I will provide a keynote speech at The MoneyShow in Las Vegas and conduct research on the casino sector. This article compares two gaming REITs, Gaming and Leisure Properties and VICI Properties in terms of their...
Gaming and Leisure Properties Acquires Real Estate Assets of Tioga Downs Casino Resort for $175 Million
WYOMISSING, Pa., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) announced today that it acquired the real estate assets of Tioga Downs Casino Resort (“Tioga Downs”) in Nichols, NY from American Racing & Entertainment,...
Gaming and Leisure Properties, Inc. Schedules Fourth Quarter 2023 Earnings Release and Conference Call
WYOMISSING, Pa., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2023 fourth quarter financial results after the market close on Tuesday, February 27, 2024. The Company will...
Gaming and Leisure Properties Inc. Announces 2023 Distribution Tax Treatment
WYOMISSING, Pa., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”) announced the income tax allocation for federal income tax purposes of its aggregate distributions in 2023 of $3.15 per share of common stock (CUSIP: 36467J108).
Gaming and Leisure Properties: Overshadowed By VICI Properties But A REIT To Own In 2024
Gaming and Leisure Properties is a lesser-known REIT focused on growing its portfolio with accretive acquisitions. GLPI has been adding ground leases to its portfolio, providing stable income for many years to come, recently entering into a 99-year ground lease...
The Virtuous Cycle: Why I Love 'Expensive' REITs
Investing in REITs primarily for high income can be risky as higher yields often correspond with higher risk. REITs with a low cost of capital can buy higher quality properties, while those with a higher cost of capital are often...
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Category: Stock Reports