On an operating basis, third quarter total revenue rose 7.7% year over year to $359.6 million and AFFO grew 6.9% on a comparable basis. Peter Carlino, Chairman and Chief Executive Officer of GLPI, commented, 'The merits of our strategy to work with the industry’s leading operators and support their current and future initiatives, while expanding and diversifying our tenant roster in an accretive manner, was evident again in our record third quarter results. (4) Metrics are presented assuming full conversion of limited partnership units to common shares and therefore before the income statement impact of non-controlling interests. (3) Adjusted EBITDA is net income, excluding, as applicable to the particular period, interest, net income tax expense real estate depreciation other depreciation (gains) or losses from dispositions of property, net of tax stock based compensation expense, straight-line rent adjustments, amortization of land rights, accretion on investment in leases, financing receivables non-cash adjustments to financing lease liabilities property transfer tax recoveries impairment charges losses on debt extinguishment and provision (benefit) for credit losses, net. (2) Adjusted Funds From Operations ('AFFO') is FFO, excluding, as applicable to the particular period, stock based compensation expense the amortization of debt issuance costs, bond premiums and original issuance discounts other depreciation amortization of land rights accretion on investment in leases, financing receivables non-cash adjustments to financing lease liabilities property transfer tax recoveries impairment charges straight-line rent adjustments losses on debt extinguishment and provision (benefit) for credit losses, net, reduced by capital maintenance expenditures.

(1) Funds from Operations ('FFO') is net income, excluding (gains) or losses from dispositions of property, net of tax and real estate depreciation as defined by NAREIT. Net income, per diluted common share and OP units (4)įFO, per diluted common share and OP units (4)ĪFFO, per diluted common share and OP units (4) (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended September 30, 2023. 26, 2023 (GLOBE NEWSWIRE) - Gaming and Leisure Properties, Inc.

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