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Gaming and Leisure Properties Q1 Adjusted Funds From Operations Unchanged, Revenue Rises
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Gaming and Leisure Properties Q1 Adjusted Funds From Operations Unchanged, Revenue Rises
Apr 25, 2024 3:05 PM

05:31 PM EDT, 04/25/2024 (MT Newswires) -- Gaming and Leisure Properties ( GLPI ) reported Q1 adjusted funds from operations late Thursday of $0.92 per diluted share, unchanged from a year earlier.

Analysts surveyed by Capital IQ expected $0.92.

Revenue for the quarter ended March 31 was $376.0 million, up from $355.2 million a year earlier.

Analysts surveyed by Capital IQ expected $368.6 million.

The company said it expects full-year 2024 adjusted FFO of $3.71 to $3.74, compared with its previous outlook of $3.70 to $3.74. Analysts surveyed by Capital IQ expect $3.73.

Shares of the company rose 1.3% in after-hours trading.

Price: 44.00, Change: +0.57, Percent Change: +1.31

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