NASDAQ$GLPI
Gaming and Leisure · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
GLPI reported strong Q4 2021 results, marked by increased dividends and strategic acquisitions.
Gaming and Leisure Properties, Inc. (GLPI) reported fourth-quarter 2021 financial results, featuring a total revenue of $298.3 million and net income of $119.6 million. The company completed strategic acquisitions, including Maryland Live!, and expanded partnerships to drive long-term growth.
- Total revenue for Q4 2021 was $298.3 million.
- Net income for Q4 2021 reached $119.6 million.
- Completed the acquisition of the real property assets of Maryland Live!.
- Established a first quarter 2022 dividend of $0.69 per common share.
Headline financials
Revenue & EPS history
GLPI · Revenue · Quarterly
$298M
Revenue by segment
GLPI · $278M total across 3 segments · Q4 2021
- Building Base Rent$189M+7.0%67.9%
- Land Base Rent$51.9M+1.0%18.7%
- Percentage Rent & Other$37.2M+3.6%13.4%
Forward guidance
GLPI is positioned to deliver long-term growth based on relationships with gaming operators, rights to participate in tenants’ growth, and the ability to structure and fund transactions.
Tailwinds
- Relationships with esteemed regional gaming operators.
- Rights and options to participate in select tenants’ future growth.
- Ability to structure and fund transactions at attractive rates.
- Expected completion of the acquisition of Bally's casino properties in Rock Island, Illinois and Black Hawk, Colorado.
- Rights of first refusal to fund real property acquisition or development project costs associated with potential future transactions in Michigan, Maryland, Virginia and New York.
Headwinds
- Effect of pandemics such as COVID-19 on GLPI as a result of the impact of such pandemics on the business operations of GLPI’s tenants and their continued ability to pay rent in a timely manner or at all.
- Ability to successfully consummate the announced transactions with Cordish and Bally's, including the ability of the parties to satisfy the various conditions to closing, including receipt of all required regulatory approvals, or other delays or impediments to completing the proposed transactions.
- Availability of and the ability to identify suitable and attractive acquisition and development opportunities and the ability to acquire and lease those properties on favorable terms.
- Ability to receive, or delays in obtaining, the regulatory approvals required to own and/or operate its properties, or other delays or impediments to completing acquisitions or projects.
- Changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs or to the gaming or lodging industries.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
-0.2%
Avg return
Earnings day
-0.0%
Avg return
5 days after
-0.7%
Avg return
30 days after
51%
29 / 57 earnings
Positive
+6.3%
Q3 2025
Best reaction
-8.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | +2.9% | +2.4% | |
| Q4 2025 | -0.3% | +1.4% | -2.8% | |
| Q3 2025 | +6.3% | +5.5% | +1.8% | |
| Q1 2025 | -2.6% | -2.4% | -5.7% | |
| Q4 2024 | -0.5% | +0.8% | +1.6% | |
| Q3 2024 | -2.3% | -0.1% | +0.0% | |
| Q2 2024 | +1.8% | +3.5% | +4.5% | |
| Q1 2024 | -2.3% | -1.7% | +2.8% | |
| Q4 2023 | +2.4% | +2.1% | +3.6% | |
| Q3 2023 | -1.2% | +0.6% | -0.6% | |
| Q2 2023 | -3.6% | -2.3% | -6.9% | |
| Q1 2023 | +2.3% | -0.1% | -7.4% | |
| Q4 2022 | -0.1% | +2.0% | -6.2% | |
| Q3 2022 | +4.9% | +7.3% | +7.7% | |
| Q2 2022 | +0.3% | -0.4% | -2.9% | |
| Q1 2022 | -1.4% | -0.5% | +5.8% | |
| Q4 2021 | +2.2% | +2.1% | +2.5% | |
| Q3 2021 | -1.3% | +0.7% | -7.3% | |
| Q2 2021 | -0.4% | -3.2% | +2.1% | |
| Q1 2021 | +1.0% | +1.5% | +0.7% | |
| Q4 2020 | -2.4% | -0.9% | -4.6% | |
| Q3 2020 | -3.6% | -4.6% | +10.3% | |
| Q2 2020 | +2.5% | +4.9% | +6.2% | |
| Q1 2020 | -8.4% | -10.9% | +19.8% | |
| Q4 2019 | +2.8% | -2.1% | -60.9% | |
| Q3 2019 | +2.8% | +3.1% | +5.3% | |
| Q2 2019 | +1.0% | +1.1% | +4.5% | |
| Q1 2019 | -2.8% | -1.2% | -1.8% | |
| Q4 2018 | -0.9% | -1.7% | -2.1% | |
| Q3 2018 | -0.4% | +0.0% | +2.2% | |
| Q2 2018 | -2.9% | -2.9% | -1.5% | |
| Q1 2018 | -0.5% | -0.1% | +2.0% | |
| Q4 2017 | -4.4% | -4.4% | -5.9% | |
| Q3 2017 | +1.0% | +2.0% | +0.4% | |
| Q2 2017 | -1.7% | -0.4% | +0.4% | |
| Q1 2017 | +0.3% | +1.5% | +6.0% | |
| Q4 2016 | +1.6% | +1.3% | +3.3% | |
| Q3 2016 | -2.3% | -5.9% | -2.4% | |
| Q2 2016 | +0.7% | +0.0% | -3.8% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | -2.7% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | +2.0% | — | — | |
| Q4 2014 | +1.9% | — | — | |
| Q3 2014 | -3.9% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | +0.2% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q4 2013 | -0.0% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q1 2013 | +0.4% | — | — |
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