Gaming and Leisure Properties, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 19, 2021 at 02:45 am IST
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Gaming and Leisure Properties, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 300.161 million compared to USD 288.984 million a year ago. Operating income was USD 241.507 million compared to USD 188.256 million a year ago. Net income was USD 169.341 million compared to USD 114.291 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to USD 0.53 a year ago. For the full year, total revenue was USD 1,153.165 million compared to USD 1,153.473 million a year ago. Operating income was USD 809.274 million compared to USD 717.423 million a year ago. Net income was USD 505.711 million compared to USD 390.881 million a year ago. Basic earnings per share from continuing operations was USD 2.31 compared to USD 1.82 a year ago. Diluted earnings per share from continuing operations was USD 2.3 compared to USD 1.81 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.