Gaming and Leisure Properties (GLPI) Reports In-Line Q4 EPS; Offers Q1 & FY20 Revenues Outlook
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Gaming and Leisure Properties, Inc. Reports Fourth Quarter 2019 Results
February 20, 2020 4:10 PM ESTWYOMISSING, Pa., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company) today announced results for the quarter ended December 31, 2019. On a year-over-year basis, fourth quarter income from operations grew 52.0%, net income increased 148.8%, Adjusted EBITDA increased 1.0% and funds from operations (FFO) and adjusted funds from operations (AFFO) rose 73.3% and 3.9%, respectively. The fourth quarter year-over-year financial growth reflects GLPIs October 15, 2018 acquisition of the real property assets operated by Eldorado Resorts, Inc. (ERI) and the impact in the fourth quarter of 2018 of a non-cash $59.5 million goodwill impairment charge.
The fourth quarter concluded... More
