Gaming and Leisure Properties 2022 operations revenue up by 22%

Updated:2024-03-30 08:49    Views:128

In comparison to 2021, revenue from operations for the entire year in 2022 sat at $1.03bn, a 22% increase year-on-year. Adjusted EBITDA for 2022 has been reported at $1.23bn, an increase of 11% over 2021.

According to Q4 data, adjusted EBITDA for 2022 is up 16% from 2021 at $321m.

Peter Carlino, Chairman and CEO of GLPI, said: “We ended 2022 with record fourth-quarter results and increased dividends. During the fourth quarter, we continued to successfully and aggressively execute our long-term strategy to grow rental cash flows while prudently funding our ongoing growth and dividend increases.

“Our ongoing pursuit of growth continues in 2023. Looking forward, we believe GLPI is well positioned to deliver long-term growth based on our gaming operator relationships, our rights and options to participate in select tenants’ future growth and expansion initiatives,Online Casino Games for Real Money and our ability to structure and fund innovative transactions at competitive rates.”

Elsewhere, the Board of Directors of the Corporation declared a fourth-quarter dividend of $0.705 per share on the company's ordinary stock on November 23, 2022. For shareholders with records as of December 9, 2022, the dividend was paid on December 23, 2022.

According to the company, adjusted funds from operations will be between $980m and $997m for the fiscal year ending December 31, 2023, or between $3.61 and $3.67 per diluted share and OP unit.

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