Deutsche Bank analyst sees sale-leaseback potential at Golden Entertainment
A Deutsche Bank analyst said a sale-leaseback of an unnamed Golden Entertainment casino resort property had become more likely, according to the report; Golden had not announced a transaction. The analyst’s hypothetical model assumes about $87m in rent against $174m of forecast 2025 property-level EBITDAR, and values Golden at $38 to $44 per share under the stated multiples.
Investors must distinguish the analyst’s hypothetical sale-leaseback valuation from any announced transaction, which Golden has not made.