Q1 Results Assert Why Gaming and Leisure Properties, Inc. (GLPI) is a Top REIT Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is one of the top undervalued REIT stocks to buy now. On April 23, it posted record first-quarter results, confirming growth in its core business.

Q1 Results Assert Why Gaming and Leisure Properties, Inc. (GLPI) is a Top REIT Stock

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Total revenue in the quarter was up 6.3% year over year to $420 million, as adjusted Funds From Operations increased 9.2% to $297.1 million. Net income in the quarter increased to $239.4 million from $170.4 million in the same quarter a year ago. Gaming & Leisure Properties delivered an annualized dividend per share of $3.12, up from $3.04 a year ago.

During the first quarter, Gaming & Leisure Properties completed two key transactions worth $727 million. It acquired Bally’s Lincoln real estate assets and the land associated with The Cordish Companies Live! Casino & Hotel Virginia. With the acquisitions, the REIT has added premier assets that are accretive to AFFO per share.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is a real estate investment trust (REIT) that acquires, owns, and manages gaming and entertainment properties, such as casinos and racetracks. It leases these assets back to operators under long-term, triple-net leases, primarily in regional gaming markets across the U.S.

While we acknowledge the risk and potential of GLPI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GLPI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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