Mr. Brandon John Moore

President, Chief Operating Officer & Secretary

Ms. Desiree A. Burke CPA

Chief Financial Officer & Treasurer

Mr. Matthew R. Demchyk CFA

Senior Vice President & Chief Investment Officer

Mr. Steven L. Ladany

Senior Vice President & Chief Development Officer

Mr. Peter M. Carlino

Chairman of the Board & Chief Executive Officer

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

Gaming and Leisure Properties offers a compelling investment with a higher yield of 6.22% compared to VICI Properties' 5.3%, despite less attention. GLPI's regional focus and solid growth, even amid economic challenges, make it a top income pick with a forward P/AFFO multiple of 12.91x. GLPI is better positioned for economic volatility than VICI, with regional markets performing better than Las Vegas during downturns.

Gaming and Leisure Properties: Why This 6% Yielding Gaming REIT Is Just As Good As VICI

In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthcare REITs were the leaders this earnings season, with results showing robust momentum in senior housing fundamentals, while tenant operator issues improved across other healthcare sub-sectors. Results from Net Lease, Casino, and Residential Mortgage REITs - several of the most rate-sensitive sectors - were also surprisingly steady despite the interest rate turbulence in late 2024.

Winners Of REIT Earnings Season

REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least 75 basis points above the no-risk rate on Treasuries, while selling at discounts of 20% or greater to their Target Fair Value. The list is then screened for dividend safety, to eliminate sucker yields, and for stable revenues, excluding those with flat or declining FFO/share.

Buried Treasures: 4 Dramatically Undervalued REITs

We maintain our buy recommendation on Gaming and Leisure Properties, Inc. stock due to a still attractive investment spread and a potential total return that exceeds fair value. With an 8.20% cap rate on recent acquisitions and a weighted average cost of capital of 7.37%, GLPI creates 83 basis points of value in the current environment. GLPI's total return potential of 9.90% materially exceeds the 8.36% hurdle rate given the risk profile of the asset.

Gaming and Leisure Properties: Accretive Investment Spreads And An Attractive Total Return

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Summit Hotel Properties (INN) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?

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