Gaming and Leisure Properties: Sleep Well With This Cheap 6.6% Yield

(10min)

Summary

  • GLPI offers a 6.6% yield and trades at a discounted 11.98x forward P/AFFO, making it an attractive buy for reliable income.
  • Solid year-over-year growth in AFFO, revenue, and EBITDA, plus a 2.6% dividend increase, highlight management's ability to deliver steady cash flow.
  • GLPI's regional focus and sound balance sheet provide resilience amid economic uncertainty, with a manageable payout ratio and strong liquidity.
  • Despite recession risks, GLPI's valuation and fundamentals present a compelling opportunity, with potential 26% upside and a growing portfolio.
  • Looking for a helping hand in the market? Members of iREIT®+HOYA Capital get exclusive ideas and guidance to navigate any climate. Learn More »

Man Sleeping With Bundle Of Currency Notes

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Introduction

While the market seems to be trying to understand what to make of the increased uncertainty in recent months, I've been quietly buying stocks, adding to my income stream. See, my goal is to live off my dividend



This article was written by

6.46K Followers

Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. I aspire to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. I also hope to give investors a new perspective to help them reach financial independence.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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