Gaming and Leisure Properties, Inc. (GLPI) Company Bio
Gaming & Leisure Properties is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was established in 2013 and is based in Wyomissing, PA.
GLPI Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Gaming & Leisure Properties Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Gaming & Leisure Properties Inc ranked in the 56th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 19.33%. As for the metrics that stood out in our discounted cash flow analysis of Gaming & Leisure Properties Inc, consider:
Gaming & Leisure Properties Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 5.34% of tickers in our DCF set.
Gaming & Leisure Properties Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 24.51% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 23.17% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as GLPI, try RVI, CORR, RYN, AAT, and EQR.
Gaming and Leisure Properties (GLPI) promoted Steven Ladany to SVP, chief development officer to lead the company's merger, acquisition and development efforts.Before joining the company in 2014 and last serving as SVP, Finance, Mr. Ladany served as a VP at Revel Casino Hotel, a regional gaming property currently known as Ocean Casino Resort."He has...
WYOMISSING, Pa., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today the promotion of Steven Ladany to Senior Vice President, Chief Development Officer. In his new role, Mr. Ladany will lead the Company’s ongoing merger, acquisition and development efforts. Steven Ladany joined the Company in September 2014 as Vice President, Finance and served in that role until March 2019, when he was promoted to Senior Vice President, Finance. Prior to joining GLPI, Mr. Ladany served as a Vice President at Revel Casino Hotel, a regional gaming property currently known as Ocean Casino Resort, and as a Vice President at J.P. Morgan in the Syndicated and Leveraged Finance group within the firm’s investment banking division. “St...
WYOMISSING, Pa., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today that Matthew Demchyk has been named Chief Investment Officer. Mr. Demchyk’s new role is effective immediately and he will report directly to GLPI Chairman and Chief Executive Officer, Peter Carlino. Mr. Demchyk joined GLPI in February 2019 and most recently served as Senior Vice President of Investments.Peter Carlino stated, “Matthew is a talented executive with a deep understanding of the public REIT space and the capital markets. Since joining GLPI, he has distinguished himself as a creative strategic thinker, thoughtful steward of our balance sheet, and prudent allocator of capital. His differentiated background and ability to work construct...
WYOMISSING, Pa., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today the results of shareholder elections relating to its quarterly dividend declared by its Board of Directors on November 5, 2020. The dividend of $0.60 per share of the Company’s common stock, par value $0.01 per share, consists of a combination of cash and shares and will be paid on December 24, 2020 to shareholders of record on November 16, 2020. Based on shareholder elections, the dividend will be paid in the form of approximately $27.6 million in cash and approximately 2.5 million shares of the Company’s common stock. The number of shares included for the common stock dividend election was calculated based on the volume weighted average of th...