$Gaming and Leisure Properties Inc (GLPI.US)$It is rented ou...
$Gaming and Leisure Properties Inc (GLPI.US)$It is rented out to casinos, with revenue shrinking by only 0.03% in 2020 over the past 5 years, with an average growth rate of 6.2%. Operating profit growth rate is relatively fast, with a 5-year average growth rate of 9.8%. Net income has grown for 4 years except for a 10.8% decline in 2018, with a 5-year average growth rate of 13.2%.
Revenue in the first half of 2023 increased by 11%, operating profit increased by 14.8%, and net income increased by 25.7%.
Currently, the asset-liability ratio is 62.8%, with real estate accounting for 9.1 billion in assets of 11 billion, only 9.5 million in cash, accounts receivable of 1.9 billion, which should include a year's rent plus some long-term receivables. Of the 6.9 billion in liabilities, 6.25 billion are long-term liabilities, likely mortgage loans, and the debt ratio is not considered high.
Currently, the pe ratio is 17.8, the trailing pe ratio has dropped to 16.6, pb ratio is 3.4, dividend yield is 5.9%, overall, it is advisable to choose cautiously (⭐️).
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