Gaming and Leisure Properties: Q2 Earnings Snapshot

WYOMISSING, Pa. (AP) — WYOMISSING, Pa. (AP) — Gaming and Leisure Properties Inc. (GLPI) on Thursday reported a key measure of profitability in its second quarter. The outcomes matched Wall Street expectations.

The Wyomissing, Pennsylvania-based actual property funding belief stated it had funds from operations of $276.1 million, or 96 cents per share, within the interval.

The common estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 96 cents per share.

Funds from operations is a intently watched measure within the REIT business. It takes internet earnings and provides again gadgets akin to depreciation and amortization.

The firm stated it had internet earnings of $151.4 million, or 54 cents per share.

The actual property funding belief, primarily based in Wyomissing, Pennsylvania, posted income of $394.9 million within the interval, which fell in need of Street forecasts. Seven analysts surveyed by Zacks anticipated $397.5 million.

Gaming and Leisure Properties expects full-year funds from operations within the vary of $3.85 to $3.87 per share.

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This story was generated by Automated Insights ( utilizing information from Zacks Investment Research. Access a Zacks stock report on GLPI at