Gaming and Leisure Properties (NASDAQ: GLPI) reported Q4 EPS of $0.21, $0.28 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $303.3 million versus the consensus estimate of $306.46 million.

Chief Executive Officer, Peter M. Carlino, commented, “The fourth quarter of 2018 once again demonstrated the strength and consistency of our operating model as we generated record revenues for the fourth quarter and full year. Our growing diversified portfolio of regional gaming assets is managed by the top operators in the industry and continues to produce one of the triple-net REIT sector's most stable cash flow streams. In 2018, we completed $1.5 billion of value creating investments, further strengthening our position as the leading owner of regional gaming real estate. These transactions further diversified our portfolio with two new tenants, which added 8 new properties and increased annual real estate revenue by $155 million. Throughout 2019 we will remain focused on identifying and pursuing portfolio enhancing accretive transactions and prudently managing our balance sheet and capital structure.”

GUIDANCE:

Gaming and Leisure Properties sees Q1 2019 EPS of $0.49, versus the consensus of $0.61.

Gaming and Leisure Properties sees FY2019 EPS of $2.01-$2.05, versus the consensus of $2.31.

For earnings history and earnings-related data on Gaming and Leisure Properties (GLPI) click here.