Adam Aloisi
Portfolio strategy, dividend investing, REITs, value

The Perfect REIT For Gamblers

Gaming and Leisure Properties (NASDAQ:GLPI) is a real estate investment trust formed as a spin off from casino operator Penn National Gaming (NASDAQ:PENN) in November of last year. Following a recently declared and delivered dividend of $11.84, a purge-of-historical-earnings requirement, the company has by all intents and purposes climbed its last hurdle in achieving full REIT status. It is the only REIT focused on the casino market.

Investment Rationale

With first mover advantage in a space with limited supply and high barriers to entry, GLPI, with a market cap of $3.5 billion, and 20 properties already under its belt, is positioning itself as a go-to consolidator of smaller-sized, regional gaming assets.

GLPI's 20-property portfolio across 13...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details