Jun 03, 2020 / 07:25PM GMT
Steven T. Snyder - Gaming and Leisure Properties, Inc. - Senior VP & CFO
Okay. We're all set. Go ahead, Felicia.
Felicia Rae Kantor Hendrix - Barclays Bank PLC, Research Division - MD & Senior Equity Research Analyst
Well, thank you, Steve, and good afternoon. My name is Felicia Hendrix. I'm the gaming, lodging and leisure analyst at Barclays. And I'm very pleased to host a discussion with the management team of GLPI, Gaming and Leisure Properties, over the next 30 minutes.
It's a pleasure for me to introduce to you Mr. Peter Carlino, Chairman and CEO; Mr. Steve Snyder, CFO; and Mr. Matthew Demchyk, SVP of Investments.
As you know, GLPI is a triple net lease REIT and is one of 3 gaming REITs with a market cap of about $7.6 billion. We have an overweight rating on GLPI and had a 2021 enterprise value to EBITDA multiple of 13.4x versus 15.3 for the triple net. GLPI is significantly undervalued in our view. We do note that the company is collecting about 99% of its rental income and is currently engaged in the efforts to complete a rent
Gaming and Leisure Properties Inc at NAREIT REITWeek (Virtual) Transcript
Jun 04, 2020
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