Gaming and Leisure Properties reports $394.4m second-quarter revenue
Gaming and Leisure Properties reported revenue of $394.4m for the second quarter, up from $380.6m in the same period of 2024. The company said adjusted funds from operations rose 4.4% to $276.1m, while net income fell to $156.2m from $214.4m. Chief executive Peter Carlino also cited lease changes and funding for casino developments.
Revenue and adjusted funds from operations rose, while net income fell, giving investors and tenants a mixed performance picture.