GLPI on track for records after best Q1

Gaming and Leisure Properties has reported record first-quarter results for Q1 2023, with revenue up 12.8 per cent to US$355.2 million.

Income from operations rose to $266.8m, with net income climbing to $188.7m.

Adjusted EBITDA for Q1 was $323.1m, compared with $293.3m for Q1 2022.

Peter Carlino, chairman and chief executive officer of GLPI, said GLPI is “on track to generate record results” for 2023.

He added: “Our first quarter financial growth reflects GLPI’s long-term expansion and diversification into a landlord with six tenants with 59 properties across 18 states, including eight new properties added in 2022 and in early 2023 with The Cordish Companies and Bally’s Corporation, all of which we expect to continue to benefit results over the balance of this year and beyond.”