Yes, after each earnings announcement, Gaming and Leisure Properties, Inc. provides a quarterly conference call in three ways:
1. Via a live telephonic conference call
2. Via a live webcast accessed from our website
3. Via a replay of the conference call from our website
We will give adequate notice of the date, time and dial-in numbers for the conference call via a broadly distributed press release and on our website.
Yes, our common stock is listed on the NASDAQ Exchange under the ticker symbol "GLPI".
Our fiscal year ends on December 31st.
No, Gaming and Leisure Properties, Inc. does not currently have a plan to sell stock directly to the public.
Our stock transfer agent handles all issues including address changes and dividend payment.
Please contact them at:
Continental Stock Transfer & Trust Company
17 Battery Place New York, NY 10004
Gaming and Leisure Properties, Inc. was spun off from Penn National Gaming on November 1, 2013.
The transaction between Gaming and Leisure Properties and Pinnacle Entertainment was completed on April 28, 2016. The acquisition was effected through a series of transactions, including the spin-off (the “Spin-Off”) of Pinnacle’s operating business, real property of Belterra Park Gaming and Entertainment Center and certain undeveloped land from the former Pinnacle Entertainment, Inc. (“Former Pinnacle”) into a new, standalone publicly traded company. Following the Spin-Off, Former Pinnacle was merged with and into a wholly owned subsidiary of GLPI and the Pinnacle operating company was renamed Pinnacle Entertainment, Inc.
Ernst & Young LLP
Two Commerce Square
2001 Market Street Suite 4000
Philadelphia, PA 19103
For your convenience, we have made all financial statements and all press releases available on our website. You can also request e-mail notifications and fill out an Information Request online to receive key financial information.
Investor Relations are handled by:
A real estate investment trust (“REIT”) is a company that owns income-producing real estate or real estate-related assets. To qualify as a REIT, a company must have the bulk of its assets and income connected to real estate investment and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends.
A triple net lease requires the tenant of a property to bear many of the costs associated with the property, which typically includes real estate taxes, maintenance, insurance and utilities. We strongly believe that using triple net leases provide increased stability to our rental revenue over the long term because we are insulated against increases in these property operating costs.
The National Association of Real Estate Investment Trusts (NAREIT) developed FFO as a relative non-GAAP financial measure of performance of an equity REIT to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP.
FFO is a widely used measure of the operating performance of real-estate companies and is provided as a supplemental measure to U.S. generally accepted accounting principles (GAAP) net income available to common shareholders and earnings per share. FFO, as defined under the revised NAREIT definition, is net income available to common shareholders, computed in accordance with GAAP, excluding gains and losses from sales of depreciable operating properties and impairment losses of depreciable real estate, plus real-estate related depreciation and amortization, and after adjustments for unconsolidated partnerships, joint ventures, and other affiliates. Adjustments for unconsolidated partnerships, joint ventures, and other affiliates are calculated to reflect FFO on the same basis.
FFO is a non-GAAP financial measure. FFO does not represent cash flows from operations as defined by GAAP and is not indicative that cash flows are adequate to fund all cash needs and is not to be considered an alternative to net income or any other GAAP measure as a measurement of the results of our operations or our cash flows or liquidity as defined by GAAP. It should also be noted that not all REITs calculate FFO the same way, so comparisons with other REITs may not be meaningful.
AFFO is a widely used measure of the operating performance of real estate companies as a supplemental measure to GAAP net income available to common shareholders and earnings per share. Management believes that AFFO is useful to investors in this regard.
AFFO is presented by adding to FFO provision for loan losses, transaction costs, non-real estate depreciation and amortization, deferred financing fees amortization, costs (gain) associated with loan refinancing or payoff, net, share-based compensation expense to management and trustees, amortization of above market leases, net and preferred share redemption costs; and subtracting maintenance capital expenditures (including second generation tenant improvements and leasing commissions), straight-lined rental revenue, and the non-cash portion of mortgage and other financing income.
AFFO is a non-GAAP financial measure and should not be considered an alternative to any GAAP liquidity measures. AFFO does not represent cash flows from operations as defined by GAAP and is not indicative that cash flows are adequate to fund all cash needs and is not to be considered an alternative to net income or any other GAAP measure as a measurement of the results of our operations or our cash flows or liquidity as defined by GAAP. It should also be noted that not all REITs calculate AFFO the same way so comparisons with other REITs may not be meaningful.
For further definitions and additional information, please visit NAREIT’s website*.
*Clicking on this link will take you to a site operated by a party that is independent of GAMING AND LEISURE PROPERTIES, INC. or its affiliates. This link is provided for your reference only. GAMING AND LEISURE PROPERTIES, INC. does not control the NAREIT website and is not responsible for its content.
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