Gaming and Leisure Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 04:34 pm EDT
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Gaming and Leisure Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 296.78 million compared to USD 283.25 million a year ago. Revenue was USD 333.82 million compared to USD 298.71 million a year ago. Net income was USD 219.95 million compared to USD 149.06 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.63 a year ago.
For the nine months, sales was USD 874.13 million compared to USD 821.2 million a year ago. Revenue was USD 975.3 million compared to USD 918.02 million a year ago. Net income was USD 490.54 million compared to USD 414.46 million a year ago. Basic earnings per share from continuing operations was USD 1.96 compared to USD 1.77 a year ago. Diluted earnings per share from continuing operations was USD 1.95 compared to USD 1.77 a year ago.
Gaming and Leisure Properties, Inc. is a self-administered and self-managed Pennsylvania real estate investment trust. The Company's primary 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 62 gaming and related facilities across 19 states with eight tenants, which consists of the real property associated with gaming and related facilities. The Company's 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 (Tioga Downs), and others.