Gaming and Leisure Properties earned $359.6 million in the 3rd quarter

GLPI (Gaming and Leisure Properties Inc.) reported for the third quarter of 2023.The company's total revenue was $359.6 million, an increase of $25 million from the same period last year.  The company reported net income from operations of $268.3 million.

Last year's amount was $189.3 million. GLPI's adjusted EBITDA increased by nearly $20 million to $327.1 million in the third quarter.Chairman and CEO, Peter Carlino, said that the real estate expansion conducted last year played an important role in the company's growth.

He emphasized that the strategy of working with leading gaming operators, supporting their initiatives, and expanding and diversifying the tenant roster again paid off perfectly in the record third-quarter results.

Carlino also expressed confidence that the company will be able to continue this trend in the future due to its approach to portfolio expansion and stable rental revenues.Finally, he noted that they expect to deliver strong returns on capital and shareholder returns through their strategy.