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Gaming and Leisure Properties (GLPI) Reports In-Line Q4 EPS; Offers Q1 & FY20 Revenues Outlook

February 20, 2020 4:41 PM

Gaming and Leisure Properties (NASDAQ: GLPI) reported Q4 EPS of $0.53, in-line with the analyst estimate of $0.53. Revenue for the quarter came in at $289 million versus the consensus estimate of $288.19 million.

“The fourth quarter concluded what was another strong year for GLPI and our shareholders, as we generated durable income from our best-in-class regional gaming portfolio, strengthened the Company's financial position and increased our return of capital to shareholders,” said Chairman and Chief Executive Officer Peter Carlino. “In 2019, we delivered a total shareholder return of over 42%, as our leading diversified portfolio of regional gaming assets, managed by the top operators in the industry, gains growing attention and appreciation in the capital markets for generating one of the triple-net REIT sector's most stable cash flow streams. We remain focused on opportunistically identifying and pursuing portfolio enhancing accretive transactions that meet our stringent underwriting requirements while prudently managing our balance sheet and capital structure. The GLPI team remains committed to furthering the Company's long-term record of driving attractive total shareholder returns and maximizing value in 2020 and beyond.”

GUIDANCE:

Gaming and Leisure Properties sees Q1 2020 revenue of $259.4 million, versus the consensus of $291.22 million.

Gaming and Leisure Properties sees FY2020 revenue of $1.0656-1.0677 billion, versus the consensus of $1.16 billion.

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

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