Gaming & Leisure Properties, Inc. - Understand $glpi stock

$GLPI Market Cap: $14.02 Billion

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Financial Snapshot

Revenue

$1.511B

TTM

Gross Margin

96.87%

TTM

Net Earnings

$778.5M

TTM

Current Assets

$494.1M

Q3 2024

Current Liabilities

$302.8M

Q3 2024

Current Ratio

163.21%

Q3 2024

Total Assets

$12.68B

Q3 2024

Total Liabilities

$8.056B

Q3 2024

Book Value

$4.625B

Q3 2024

Cash

$494.1M

Q3 2024

P/E

18.01

Nov 29, 2024 EST

Free Cash Flow

$774.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.440B	$1.312B	$1.216B	$1.153B	$1.153B	$1.056B	$971.3M	$828.3M	$575.1M	$591.1M	$235.5M	$210.6M	$231.9M	$143.2M
YoY Change	9.81%	7.84%	5.48%	-0.03%	9.26%	8.69%	17.27%	44.03%	-2.71%	151.04%	11.78%	-9.16%	61.93%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.440B	$1.312B	$1.216B	$1.153B	$1.153B	$1.056B	$971.3M	$828.3M	$575.1M	$591.1M	$235.5M	$210.6M	$231.9M	$143.2M
Cost Of Revenue	$0.00	$0.00	$53.04M	$56.70M	$74.70M	$182.9M	$178.8M	$151.9M	$122.2M	$144.9M	$109.4M	$127.8M	$140.0M	$75.30M
Gross Profit	$1.440B	$1.312B	$1.163B	$1.096B	$1.079B	$872.8M	$792.5M	$676.3M	$452.9M	$446.2M	$126.1M	$82.80M	$91.90M	$67.90M
Gross Profit Margin	100.0%	100.0%	95.64%	95.08%	93.52%	82.67%	81.59%	81.65%	78.76%	75.49%	53.56%	39.31%	39.63%	47.42%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$56.45M	$51.32M	$61.25M	$62.30M	$65.50M	$71.10M	$63.20M	$86.20M	$85.70M	$80.80M	$29.80M	$25.10M	$24.80M	$26.00M
YoY Change	10.0%	-16.21%	-1.69%	-4.89%	-7.88%	12.5%	-26.68%	0.58%	6.06%	171.14%	18.73%	1.21%	-4.62%
% of Gross Profit	3.92%	3.91%	5.26%	5.68%	6.07%	8.15%	7.97%	12.75%	18.92%	18.11%	23.63%	30.31%	26.99%	38.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$276.4M	$254.5M	$252.0M	$243.0M	$259.0M	$148.4M	$123.8M	$115.7M	$109.8M	$106.8M	$28.92M	$14.09M	$14.57M	$10.80M
YoY Change	8.59%	0.99%	3.73%	-6.17%	74.55%	19.81%	7.02%	5.41%	2.75%	269.4%	105.27%	-3.28%	34.89%
% of Gross Profit	19.19%	19.41%	21.67%	22.16%	24.01%	17.0%	15.63%	17.11%	24.24%	23.95%	22.94%	17.02%	15.85%	15.91%
Operating Expenses	$325.8M	$296.9M	$305.9M	$343.9M	$436.1M	$461.9M	$365.8M	$347.6M	$317.6M	$332.6M	$181.5M	$167.0M	$179.4M	$36.80M
YoY Change	9.73%	-2.94%	-11.05%	-21.13%	-5.6%	26.28%	5.22%	9.44%	-4.49%	83.18%	8.73%	-6.91%	387.42%
Operating Profit	$1.069B	$1.030B	$841.8M	$809.3M	$717.4M	$593.8M	$605.5M	$480.6M	$257.4M	$258.5M	$53.91M	$43.67M	$52.51M	$31.10M
YoY Change	3.77%	22.35%	4.02%	12.8%	20.82%	-1.93%	25.99%	86.71%	-0.42%	379.56%	23.44%	-16.84%	68.85%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$323.4M	$309.3M	$283.0M	$282.1M	$301.5M	$247.7M	$217.1M	$185.9M	$124.2M	$117.0M	$19.25M	$0.00	$0.00	-$600.0K
YoY Change	4.56%	9.28%	0.32%	-6.43%	21.74%	14.1%	16.77%	49.7%	6.11%	507.82%			-100.0%
% of Operating Profit	30.26%	30.03%	33.62%	34.86%	42.03%	41.71%	35.85%	38.68%	48.24%	45.27%	35.72%	0.0%	0.0%	-1.93%
Other Income/Expense, Net	-$311.3M	-$309.6M	-$279.3M	-$299.7M	-$321.8M	-$249.3M	-$215.1M	-$183.8M	-$121.9M	-$114.6M	-$23.46M	-$6.318M	-$6.954M	-$4.300M
YoY Change	0.57%	10.82%	-6.79%	-6.87%	29.06%	15.9%	17.06%	50.82%	6.34%	388.51%	271.26%	-9.15%	61.72%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$757.4M	$720.3M	$562.4M	$509.6M	$395.6M	$344.5M	$390.4M	$296.9M	$135.6M	$143.9M	$30.45M	$37.35M	$45.56M	$26.30M
YoY Change	5.14%	28.08%	10.37%	28.8%	14.85%	-11.76%	31.51%	118.97%	-5.81%	372.66%	-18.48%	-18.02%	73.23%
Income Tax	$1.997M	$17.06M	$28.34M	$3.877M	$4.764M	$4.964M	$9.787M	$7.545M	$7.442M	$5.113M	$15.60M	$14.43M	$18.88M	$10.90M
% Of Pretax Income	0.26%	2.37%	5.04%	0.76%	1.2%	1.44%	2.51%	2.54%	5.49%	3.55%	51.22%	38.64%	41.43%	41.44%
Net Earnings	$734.3M	$684.7M	$534.0M	$505.7M	$390.9M	$339.5M	$380.6M	$289.3M	$128.1M	$138.8M	$14.85M	$22.92M	$26.68M	$15.30M
YoY Change	7.25%	28.2%	5.6%	29.38%	15.13%	-10.79%	31.56%	125.8%	-7.7%	834.54%	-35.19%	-14.11%	74.41%
Net Earnings / Revenue	50.98%	52.2%	43.91%	43.85%	33.89%	32.16%	39.18%	34.93%	22.28%	23.48%	6.31%	10.88%	11.51%	10.68%
Basic Earnings Per Share	$2.78	$2.71	$2.27	$2.31	$1.82	$1.59	$1.80	$1.62	$1.12	$1.23	$0.13	$0.21	$0.24
Diluted Earnings Per Share	$2.77	$2.70	$2.26	$2.30	$1.81	$1.58	$1.79	$1.60	$1.08	$1.18	$0.13	$0.20	$0.23	$166.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$684.0M	$239.1M	$724.6M	$486.5M	$26.80M	$25.80M	$29.10M	$36.60M	$41.90M	$36.00M	$285.2M	$14.60M	$17.10M
YoY Change	186.09%	-67.0%	48.94%	1715.3%	3.88%	-11.34%	-20.49%	-12.65%	16.39%	-87.38%	1853.42%	-14.62%
Cash & Equivalents	$684.0M	$239.1M	$724.6M	$486.5M	$26.80M	$25.80M	$29.10M	$36.60M	$41.90M	$36.00M	$285.2M	$14.60M	$17.10M
Short-Term Investments
Other Short-Term Assets													$2.000M
YoY Change
Inventory
Prepaid Expenses
Receivables													$1.700M
Other Receivables													$0.00
Total Short-Term Assets	$684.0M	$239.1M	$724.6M	$486.5M	$26.80M	$25.80M	$29.10M	$36.60M	$41.90M	$36.00M	$285.2M	$14.60M	$20.80M
YoY Change	186.09%	-67.0%	48.94%	1715.3%	3.88%	-11.34%	-20.49%	-12.65%	16.39%	-87.38%	1853.42%	-29.81%
Property, Plant & Equipment	$8.365B	$7.889B	$7.974B	$7.824B	$7.379B	$7.432B	$3.770B	$3.859B	$2.220B	$2.314B	$2.149B	$119.0M	$128.1M
YoY Change	6.03%	-1.06%	1.91%	6.03%	-0.72%	97.13%	-2.29%	73.82%	-4.08%	7.67%	1706.22%	-7.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$639.3M	$652.8M	$746.4M	$687.1M	$665.0M	$709.4M	$653.1M	$602.2M	$13.90M	$10.60M	$55.10M	$4.000M	$1.900M
YoY Change	-2.08%	-12.54%	8.63%	3.32%	-6.26%	8.62%	8.45%	4232.37%	31.13%	-80.76%	1277.5%	110.53%
Total Long-Term Assets	$11.12B	$10.69B	$9.966B	$8.548B	$8.407B	$8.551B	$7.218B	$7.333B	$2.406B	$2.490B	$2.324B	$252.5M	$240.5M
YoY Change	4.03%	7.28%	16.59%	1.67%	-1.68%	18.48%	-1.57%	204.73%	-3.34%	7.12%	820.4%	4.99%
Total Assets	$11.81B	$10.93B	$10.69B	$9.034B	$8.434B	$8.577B	$7.247B	$7.369B	$2.448B	$2.526B	$2.609B	$267.1M	$261.3M
YoY Change
Accounts Payable	$7.011M	$6.561M	$779.0K	$400.0K	$1.000M	$2.500M	$700.0K	$1.100M	$400.0K	$4.400M	$21.40M	$300.0K	$6.800M
YoY Change	6.86%	742.23%	94.75%	-60.0%	-60.0%	257.14%	-36.36%	175.0%	-90.91%	-79.44%	7033.33%	-95.59%
Accrued Expenses	$287.4M	$271.0M	$325.3M	$230.7M	$264.7M	$92.60M	$52.00M	$51.00M	$40.90M	$35.40M	$42.20M	$9.300M	$3.900M
YoY Change	6.06%	-16.7%	41.01%	-12.84%	185.85%	78.08%	1.96%	24.69%	15.54%	-16.11%	353.76%	138.46%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due										$100.0K
YoY Change
Total Short-Term Liabilities	$294.4M	$277.6M	$331.3M	$231.1M	$265.7M	$95.10M	$52.70M	$52.10M	$41.30M	$39.90M	$80.90M	$21.10M	$32.40M
YoY Change	6.08%	-16.21%	43.34%	-13.02%	179.39%	80.46%	1.15%	26.15%	3.51%	-50.68%	283.41%	-34.88%
Long-Term Debt	$6.682B	$6.182B	$6.606B	$5.755B	$5.738B	$5.854B	$4.443B	$4.665B	$2.510B	$2.570B	$2.350B	$0.00	$0.00
YoY Change	8.08%	-6.41%	14.79%	0.29%	-1.97%	31.75%	-4.76%	85.83%	-2.33%	9.37%
Other Long-Term Liabilities	$321.5M	$352.5M	$363.4M	$373.2M	$356.1M	$362.8M	$292.8M	$218.2M	$149.8M	$90.10M	$31.70M	$1.200M	$1.500M
YoY Change	-8.8%	-3.0%	-2.64%	4.8%	-1.85%	23.91%	34.19%	45.66%	66.26%	184.23%	2541.67%	-20.0%
Total Long-Term Liabilities	$7.003B	$6.535B	$6.969B	$6.128B	$6.094B	$6.216B	$4.736B	$4.883B	$2.660B	$2.660B	$2.382B	$1.200M	$1.500M
YoY Change	7.17%	-6.23%	13.73%	0.55%	-1.97%	31.26%	-3.02%	83.57%	-0.01%	11.7%	198375.0%	-20.0%
Total Liabilities	$7.650B	$7.152B	$7.505B	$6.359B	$6.360B	$6.312B	$4.789B	$4.936B	$2.702B	$2.702B	$2.467B	$30.70M	$41.40M
YoY Change	6.95%	-4.7%	18.02%	-0.01%	0.77%	31.81%	-2.98%	82.68%	0.0%	9.52%	7935.18%	-25.85%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	264.1M shares	252.7M shares	235.5M shares	218.8M shares	214.7M shares	213.7M shares	210.7M shares	178.6M shares	114.4M shares	112.0M shares	110.6M shares	110.6M shares	110.6M shares
Diluted Shares Outstanding	265.0M shares	253.8M shares	236.2M shares	219.8M shares	215.8M shares	214.8M shares	212.8M shares	180.6M shares	118.4M shares	117.6M shares	115.9M shares	115.6M shares	115.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $14.019 Billion

About Gaming & Leisure Properties, Inc.

Gaming & Leisure Properties, Inc. engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company is headquartered in Wyomissing, Pennsylvania and currently employs 18 full-time employees. The company went IPO on 2013-10-14. The firm's business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. Its portfolio consists of interests in approximately 65 gaming and related facilities across 20 states with eight tenants, which consists of the real property associated with gaming and related facilities. Its property portfolio includes Hollywood Casino Lawrenceburg, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race, Hollywood Casino Bangor, Zia Park Casino, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino St. Louis, Hollywood Gaming at Dayton Raceway, Ameristar Black Hawk, Tioga Downs Casino Resort, Silverado Franklin Hotel & Gaming Complex, and others.

Industry: Real Estate Investment Trusts Peers: AMERICAN TOWER CORP /MA/ CubeSmart DIGITAL REALTY TRUST, INC. Extra Space Storage Inc. IRON MOUNTAIN INC LAMAR ADVERTISING CO/NEW LIFE STORAGE, INC. WEYERHAEUSER CO