$Gaming and Leisure Properties Inc (GLPI.US)$It is a rental ...
$Gaming and Leisure Properties Inc(GLPI.US$It is a rental place for casinos. In the past 5 years, revenue has only shrunk by 0.03% in 2020, with an average growth rate of 6.2%. The 5-year average growth rate was 9.8%. In addition to the 10.8% contraction in 2018, net profit increased for 4 years, and the 5-year average growth rate was 13.2%.
In the first half of 2023, revenue increased 11%, operating profit increased 14.8%, and net profit increased 25.7%.
Currently, the balance ratio is 62.8%. Of the 11 billion assets, real estate accounts for 9.1 billion, cash is only 9.5 million, and accounts receivable are 1.9 billion. This should be a year's rent plus some long-term accounts receivable. Of the 6.9 billion debt, 6.25 billion are long-term liabilities. It is estimated that they are mortgages, and the debt ratio is not that high.
Currently, the price-earnings ratio is 17.8, the price-earnings ratio TTM has dropped to 16.6, the net price-earnings ratio is 3.4, and the dividend ratio is 5.9%. Overall, you can choose carefully (⭐️)
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