Analysts have varying opinions on what sort of price Tropicana might fetch, some estimating as high as $700 million.<\/p>\n
“We have a valuable piece of real estate in Las Vegas that we got fairly priced,” said GLPI CEO Peter Carlino. “We have to wait to see how things settle out.”<\/p>\n
Global economies remain unsettled, but the three-month period was a good one for Growth and Leisure Properties. The company reported that all of its tenants — with one lone exception — have remained current on their rent obligations.<\/p>\n
GLPI’s quarterly funds from operations came out at $0.84 per share, topping the Zacks Consensus Estimate of $0.82 per share.<\/p>\n
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Net income totaled $209 million January through June, up from $186 million during the same six-month period in 2019. Basic earnings per common share in the second quarter jumped 21 percent to $0.52. For the first half of the year, basic earnings for each share totaled $0.97.<\/strong><\/p>\n<\/div>\n“As you all know, there have been eventful and unprecedented challenges that we and our triple-net competitors have faced this quarter. But I think GLPI has weathered the crisis extremely well,” concluded Carlino.<\/p>\n","protected":false},"excerpt":{"rendered":"
The owner of Tropicana Las Vegas says that, while the casino resort is indeed on the market, there is no rush to sell the primely located Strip property. Gaming and Leisure Properties, Inc. (GLPI), the real estate investment trust of Penn National Gaming, revealed during its second quarter earnings call that Tropicana will be carefully […]<\/p>\n","protected":false},"author":25,"featured_media":143536,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,32093],"tags":[],"acf":[],"yoast_head":"\n
Tropicana Las Vegas Corner of 'Main and Main,' Says Parent Company<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n