GLPI Q2 Revenue Jumps 9% to $430.5M, EPS Surges to $0.80
GLPI is trading near its 52-week low of $41.17 (8.6% above the low).
Summary
Gaming and Leisure Properties delivered strong Q2 results with total income from real estate rising to $430.5M from $394.9M a year ago, a 9% increase. Net income jumped to $228.4M from $151.4M, and EPS climbed to $0.80 from $0.54. The stock edged up 0.58% after hours to $44.97, suggesting the beat was largely anticipated or already priced in. With a $12.7B market cap, the earnings growth reinforces the REIT's stable cash flows from its gaming property portfolio. No forward guidance was provided in the release.
At the time of this announcement, GLPI was trading at $44.71 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $12.7B. The 52-week trading range was $41.17 to $49.95. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.