GLPI

Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) focused on acquiring, financing, and owning gaming and leisure properties. The company owns a portfolio of gaming facilities that are leased primarily to Penn Entertainment and other regional gaming operators under long-term triple-net lease agreements. GLPI's properties include casinos, slot facilities, and related amenities located across multiple states in the United States. The company's business model provides stable, predictable cash flows through long-term leases with built-in rent escalators. Gaming and Leisure Properties was spun off from Penn National Gaming in 2013 and has since expanded its portfolio through strategic acquisitions. As a REIT, the company is required to distribute at least 90% of its taxable income to shareholders as dividends. GLPI's tenant diversification strategy includes expanding relationships beyond its original Penn Entertainment lease agreements.