Gaming and Leisure Properties, Inc. Declares Fourth Quarter 2023 Cash Dividend of $0.73 Per Share
22 November 2023 - 10:15PM
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”),
announced today that the Company’s Board of Directors has declared
the fourth quarter 2023 cash dividend of $0.73 per share of its
common stock. The dividend is payable on December 22, 2023 to
shareholders of record on December 8, 2023. The fourth quarter 2022
cash dividend was $0.705 per share of the Company’s common stock.
While the Company intends to pay regular
quarterly cash dividends for the foreseeable future, all subsequent
dividends will be reviewed quarterly and declared by the Board of
Directors at its discretion.
About Gaming
and Leisure
PropertiesGLPI is engaged in the business of
acquiring, financing, and owning real estate property to be leased
to gaming operators in triple-net lease arrangements, pursuant to
which the tenant is responsible for all facility maintenance,
insurance required in connection with the leased properties and the
business conducted on the leased properties, taxes levied on or
with respect to the leased properties and all utilities and other
services necessary or appropriate for the leased properties and the
business conducted on the leased properties.
Forward-Looking
StatementsThis press release includes
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including our
expectations regarding the payment of future cash dividends.
Forward-looking statements can be identified by the use of
forward-looking terminology such as “expects,” “believes,”
“estimates,” “intends,” “may,” “will,” “should” or “anticipates” or
the negative or other variation of these or similar words, or by
discussions of future events, strategies or risks and
uncertainties. Such forward-looking statements are inherently
subject to risks, uncertainties and assumptions about GLPI and its
subsidiaries, including risks related to the following: the effect
of pandemics, such as COVID-19, on GLPI as a result of the impact
such pandemics may have on the business operations of GLPI’s
tenants and their continued ability to pay rent in a timely manner
or at all; the potential negative impact of ongoing high levels of
inflation (which have been exacerbated by the armed conflict
between Russia and Ukraine and may be further impacted by recent
events in the Middle East) on our tenants' operations; the
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; the 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; GLPI's ability
to maintain its status as a REIT; our ability to access capital
through debt and equity markets in amounts and at rates and costs
acceptable to GLPI; the impact of our substantial indebtedness on
our future operations; 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; and other factors described in GLPI’s
Annual Report on Form 10-K for the year ended December 31, 2022,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
each as filed with the Securities and Exchange Commission. All
subsequent written and oral forward-looking statements attributable
to GLPI or persons acting on GLPI’s behalf are expressly qualified
in their entirety by the cautionary statements included in this
press release. GLPI undertakes no obligation to publicly update or
revise any forward-looking statements contained or incorporated by
reference herein, whether as a result of new information, future
events or otherwise, except as required by law. In light of these
risks, uncertainties and assumptions, the forward-looking events
discussed in this press release may not occur as presented or at
all.
Contact |
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Gaming and
Leisure Properties,
Inc.Matthew Demchyk, Chief Investment
Officer610/401-2900investorinquiries@glpropinc.com |
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Investor RelationsJoseph Jaffoni,
Richard Land, James Leahy at JCIR212/835-8500glpi@jcir.com |
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