Published on 26 Apr 2024 on GuruFocus.com via Yahoo Finance
Revenue: Reported $376.0 million, up 5.8% year-over-year, surpassing estimates of $368.78 million.Net Income: Achieved $179.5 million, down from $188.7 million in the previous year, falling short of estimates of $198.95 million.Earnings Per Share (EPS): Recorded at $0.64, below the estimated $0.72 and down from $0.70 year-over-year.Adjusted EBITDA: Increased to $333.4 million from $323.1 million in the prior year, indicating improved operational efficiency.Dividends: Declared a quarterly dividend of $0.76 per share, reflecting a yield of approximately 7% based on the recent closing share price.Portfolio Expansion: Acquired real estate assets of Tioga Downs Casino Resort, expanding the portfolio to 62 properties across 19 states.2024 AFFO Guidance: Updated to range between $1,042 million and $1,051 million, slightly increasing from previous forecasts.
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