Home > Boards > US Listed > Real Estate > Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties misses by $0.03, beats

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
MCArmel1 Member Profile
Member Level 
Followed By 37
Posts 3,851
Boards Moderated 0
Alias Born 03/26/07
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 4/30/2021 12:55:53 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 4/30/2021 6:01:08 AM
Gaming and Leisure Properties FFO in-line, beats on revenue Seeking Alpha - 4/29/2021 4:31:21 PM
Gaming and Leisure Properties, Inc. Reports First Quarter 2021 Results GlobeNewswire Inc. - 4/29/2021 4:15:00 PM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 4/29/2021 4:10:20 PM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 4/29/2021 4:07:55 PM
Gaming and Leisure Properties Q1 Earnings Preview Seeking Alpha - 4/28/2021 5:35:50 PM
Bally’s Corporation Plans To Acquire Tropicana Las Vegas Casino; Shares Tank 11% TipRanks - 4/14/2021 6:43:59 AM
GLPI Expands Relationship with Bally’s Through Strategic Transactions GlobeNewswire Inc. - 4/13/2021 7:29:58 AM
Bally's to acquire iconic Tropicana Las Vegas Hotel and Casino Seeking Alpha - 4/13/2021 7:10:07 AM
Gaming and Leisure Properties, Inc. Schedules First Quarter 2021 Earnings Release and Conference Call GlobeNewswire Inc. - 4/8/2021 7:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/17/2021 4:42:47 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/4/2021 10:45:33 AM
Gaming and Leisure Properties increases dividend by 8% to $0.65 Seeking Alpha - 2/23/2021 5:22:03 PM
Gaming and Leisure Properties, Inc. Declares First Quarter 2021 Cash Dividend of $0.65 Per Share GlobeNewswire Inc. - 2/23/2021 4:15:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/19/2021 4:12:35 PM
Annual Report (10-k) Edgar (US Regulatory) - 2/19/2021 6:02:42 AM
Gaming and Leisure Properties FFO beats by $0.04, revenue in-line Seeking Alpha - 2/18/2021 4:37:41 PM
Gaming and Leisure Properties, Inc. Reports Fourth Quarter 2020 Results GlobeNewswire Inc. - 2/18/2021 4:15:00 PM
Gaming and Leisure Properties Q4 Earnings Preview Seeking Alpha - 2/17/2021 5:35:49 PM
Schedule 13g Edgar (US Regulatory) - 2/16/2021 12:35:57 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/10/2021 11:08:34 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 2/8/2021 10:28:10 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 1/29/2021 10:05:36 AM
Gaming and Leisure Properties, Inc. Schedules Fourth Quarter 2020 Earnings Release and Conference Call GlobeNewswire Inc. - 1/27/2021 9:00:00 AM
MCArmel1 Member Level  Sunday, 08/02/15 07:03:53 PM
Re: None
Post # of 9 
Gaming and Leisure Properties misses by $0.03, beats on revenue

Jul 30 2015, 07:42 ET | About: Gaming and Leisure Prope... (GLPI) | By: Gaurav Batavia, SA News Editor

Gaming and Leisure Properties (NASDAQ:GLPI): Q2 FFO of $0.66 misses by $0.03.
Revenue of $163.8M (+1.9% Y/Y) beats by $0.38M.
Press Release


http://seekingalpha.com/news/2674315-gaming-and-leisure-properties-misses-by-0_03-beats-on-revenue?uprof=45#email_link


Gaming and Leisure Properties, Inc. Announces Second Quarter 2015 Results
Thu July 30, 2015 7:01 AM|GlobeNewswire | About: GLPI

- Establishes 2015 Third Quarter Guidance and Updates Full Year Guidance -

- Declares 2015 Third Quarter Dividend -

WYOMISSING, Pa., July 30, 2015 (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 June 30, 2015.

Financial Highlights

Three Months Ended
June 30,
(in millions, except per share data) 2015 Actual 2015 Guidance (1) 2014 Actual
Net Revenue $ 163.8 $ 162.7 $ 160.8
Adjusted EBITDA (2) $ 108.6 $ 110.6 $ 106.9
Net Income $ 45.9 $ 48.3 $ 47.0
Funds From Operations (3) $ 69.9 $ 72.2 $ 70.3
Adjusted Funds From Operations (4) $ 79.0 $ 81.3 $ 77.9

Net income, per diluted common share $ 0.38 $ 0.41 $ 0.40
FFO, per diluted common share $ 0.59 $ 0.61 $ 0.60
AFFO, per diluted common share $ 0.66 $ 0.69 $ 0.66

(1) The guidance figures in the tables above present the guidance provided on May 4, 2015, for the three months ended June 30, 2015.

(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 as defined by NAREIT.

(4) Adjusted funds from operations (AFFO) is FFO, excluding stock based compensation expense, debt issuance costs amortization and other depreciation reduced by capital maintenance expenditures.

Gaming and Leisure Properties, Inc. Chief Executive Officer, Peter M. Carlino commented, "Regional gaming trends across the United States are encouraging as reflected in the PENN rent coverage ratio increase from 1.785:1 for the five months ended March, 31, 2015, to 1.85:1 for the eight months ended June 30, 2015. Our second quarter results from rental activities were favorable to guidance by $0.8 million. Property results in the TRS were approximately $0.6 million better than guidance. Property results compared with prior year reflect the impact of the Baltimore Horseshoe on Perryville. Corporate expenses were approximately $3.3 million higher than guidance reflecting the professional fees associated with Pinnacle Entertainment, Inc. ("Pinnacle") efforts and The Meadows Racetrack and Casino litigation.

As previously announced, we have reached an agreement with Pinnacle Entertainment, Inc. to acquire their real estate assets. We believe this transformational transaction, which adds 14 properties in 7 states to our portfolio, will provide significant immediate and long term benefits to all stakeholders. At the close of this transaction, which is expected in the first quarter of 2016, Gaming and Leisure Properties (GLPI) will be the third largest triple-net REIT based on market capitalization, with the associated advantages of enhanced scale, stable cash flows, tenant and geographic diversity, and balance sheet strength. As a management team, we have been focused on driving outsized shareholder value by engaging in complex transactions and believe this transaction positions us very well for sustained growth."

More...


http://seekingalpha.com/pr/14250095-gaming-and-leisure-properties-inc-announces-second-quarter-2015-results

Wolves.. The original man's Best Friend!

In search of the fabricated IR.."nope, not here either!"

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences