WYOMISSING, Pa. (AP) \u2014 WYOMISSING, Pa. (AP) \u2014 Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a key measure\u2026<\/p>\n
WYOMISSING, Pa. (AP) \u2014 WYOMISSING, Pa. (AP) \u2014 Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a key measure of profitability in its fourth quarter. The results exceeded Wall Street expectations.<\/p>\n
The Wyomissing, Pennsylvania-based real estate investment trust said it had funds from operations of $290 million, or 99 cents per share, in the period.<\/p>\n
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 98 cents per share.<\/p>\n
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.<\/p>\n
The company said it had net income of $267.3 million, or 94 cents per share.<\/p>\n
The real estate investment trust, based in Wyomissing, Pennsylvania, posted revenue of $407 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $405.1 million.<\/p>\n
For the year, the company reported funds from operations of $1.12 billion. Revenue was reported as $1.59 billion.<\/p>\n
Gaming and Leisure Properties expects full-year funds from operations in the range of $4.06 to $4.11 per share.<\/p>\n
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This story was generated by Automated Insights<\/a> (http:\/\/automatedinsights.com\/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLPI<\/a> at https:\/\/www.zacks.com\/ap\/GLPI<\/p>\n Copyright
\n \u00a9\u00a02026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.<\/p>\n","protected":false},"excerpt":{"rendered":"WYOMISSING, Pa. (AP) \u2014 WYOMISSING, Pa. (AP) \u2014 Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a…\n","protected":false},"author":2,"featured_media":11835,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[128,130,129],"class_list":{"0":"post-118537","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reading","8":"tag-reading-city","9":"tag-reading-city-headlines","10":"tag-reading-city-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/118537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=118537"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/118537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/11835"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=118537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=118537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=118537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}