Overview
Gaming and Leisure Q2 revenue beats analyst expectations, per LSEG data
Adjusted EBITDA for Q2 beats consensus, driven by acquisitions and financing
Co highlights sale-leaseback transactions and financing commitments for future growth
Outlook
Company expects 2025 AFFO between $1.112 bln - $1.118 bln
GLPI expects $130 mln funding for Hollywood Casino Joliet relocation
Company anticipates financial growth from sale-leaseback transactions
Result Drivers
ACQUISITIONS - Recent acquisitions and financing arrangements contributed to revenue growth, per CEO Peter Carlino
SALE-LEASEBACK - Sale-leaseback transactions, including Bally's Belle of Baton Rouge, provided growth opportunities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $394.9 mln | $393.30 mln (15 Analysts) |
Q2 EPS | $0.54 | ||
Q2 Net Income | $156.2 mln | ||
Q2 Adjusted EBITDA | Beat | $361.5 mln | $360.40 mln (14 Analysts) |
Q2 Adjusted FFO | Beat | $276.10 mln | $0.96 (16 Analysts) |
Q2 FFO | $224.90 mln | ||
Q2 Operating Income | $242.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Gaming and Leisure Properties Inc is $55.00, about 14.3% above its July 23 closing price of $47.13
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nGNX4040Vb
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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