Gaming & Leisure Properties reports $395.2m first-quarter revenue
Gaming & Leisure Properties reported first-quarter revenue of $395.2m, up 5.1%, and profit of $170.1m, down $9.1m from the year-earlier period. The company said recent acquisitions, financing arrangements and lease escalators contributed to its results; it also renewed Belterra Park's lease with Boyd Gaming through April 2031 and committed up to $150m to a casino project in Iowa.
Investors can weigh GLPI’s revenue growth against lower profit as acquisitions, lease escalators and financing arrangements shape results.