Gaming and Leisure Properties Inc (GLPI)

[MCArmel1]

Gaming and Leisure Properties beats by $0.06, beats on revenue

Oct 28 2014, 07:05 ET | About: Gaming and Leisure Prope... (GLPI) | By: Gaurav Batavia, SA News Editor

Gaming and Leisure Properties (NASDAQ:GLPI): Q3 FFO of $0.69 beats by $0.06.
Revenue of $157.8M (+298.2% Y/Y) beats by $1.33M.
Press Release

http://seekingalpha.com/news/2063885-gaming-and-leisure-properties-beats-by-0_06-beats-on-revenue?uprof=45#email_link


Gaming and Leisure Properties, Inc. Announces Third Quarter 2014 Results
Tue October 28, 2014 7:00 AM|GlobeNewswire | About: GLPI

- Delivers Results Exceeding Prior Guidance -
- Establishes 2014 Fourth Quarter and Updates Full Year Guidance -
- Commences Leases with Two New Gaming Facilities in Ohio: Mahoning Valley Race Course and Dayton Raceway -

WYOMISSING, Pa., Oct. 28, 2014 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (Nasdaq:GLPI) (the "Company"), the first gaming-focused REIT in North America, today announced results for the quarter ended September 30, 2014.

Financial Highlights

Three Months Ended
September 30,
(in millions, except per share data) 2014 Actual 2014 Guidance (1)
Net Revenue $ 157.8 $ 155.7
Adjusted EBITDA (2) $ 107.5 $ 103.6
Net Income $ 49.9 $ 43.9
Funds From Operations (3) $ 73.2 $ 67.1
Adjusted Funds From Operations (4) $ 81.2 $ 74.8

Net income, per diluted common share $ 0.42 $ 0.37
FFO, per diluted common share $ 0.62 $ 0.57
AFFO, per diluted common share $ 0.69 $ 0.63


(1) The guidance figures in the tables above present the guidance provided on July 29, 2014, for the three months ended September 30, 2014.
(2) Adjusted EBITDA is net income excluding interest, taxes on income, depreciation, (gains) or losses from sales of property, and stock based compensation expense.
(3) Funds from operations (FFO) is net income, excluding (gains) or losses from sales of property and real estate depreciation.
(4) Adjusted funds from operations (AFFO) is FFO, excluding stock based compensation expense, debt issuance costs amortization and other depreciation reduced by maintenance capital expenditures.

More...

http://seekingalpha.com/pr/11457275-gaming-and-leisure-properties-inc-announces-third-quarter-2014-results