Is Gaming And Leisure Properties (GLPI) Undervalued After The Sunland Park Sale Leaseback?

Simply Wall St.10-20 15:28

Strategic Gaming Management’s acquisition of Sunland Park Racetrack & Casino and the related sale leaseback of the property to Gaming and Leisure Properties (GLPI) puts fresh attention on how this ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2676756668?lang=en_US&edition=fundamental","thumbnail":"https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/industry/9551737-choice1-card/1788985317833","is_english":true,"pubTime":"2026-10-20 15:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2676756668","market":"sg","top_or_hot":-1,"title":"Is Gaming And Leisure Properties (GLPI) Undervalued After The Sunland Park Sale Leaseback?","media":"Simply Wall St.","content":"<div>\n<p>Strategic Gaming Management’s acquisition of Sunland Park Racetrack & Casino and the related sale leaseback of the property to Gaming and Leisure Properties (GLPI) puts fresh attention on how this ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/real-estate/nasdaq-glpi/gaming-and-leisure-properties/news/is-gaming-and-leisure-properties-glpi-undervalued-after-the\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Gaming And Leisure Properties (GLPI) Undervalued After The Sunland Park Sale Leaseback?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Gaming And Leisure Properties (GLPI) Undervalued After The Sunland Park Sale Leaseback?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-20 15:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/real-estate/nasdaq-glpi/gaming-and-leisure-properties/news/is-gaming-and-leisure-properties-glpi-undervalued-after-the><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strategic Gaming Management’s acquisition of Sunland Park Racetrack & Casino and the related sale leaseback of the property to Gaming and Leisure Properties (GLPI) puts fresh attention on how this ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/real-estate/nasdaq-glpi/gaming-and-leisure-properties/news/is-gaming-and-leisure-properties-glpi-undervalued-after-the\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DCF","symbol_name":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","start_time":0,"source_url":"https://simplywall.st/stocks/us/real-estate/nasdaq-glpi/gaming-and-leisure-properties/news/is-gaming-and-leisure-properties-glpi-undervalued-after-the","article_id":"2676756668","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/industry/9551737-choice1-card/1788985317833"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate/nasdaq-glpi/gaming-and-leisure-properties/news/is-gaming-and-leisure-properties-glpi-undervalued-after-the","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2676756668","pubTimestamp":1792481299,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Strategic Gaming Management’s acquisition of Sunland Park Racetrack & Casino and the related sale leaseback of the property to Gaming and Leisure Properties (GLPI) puts fresh attention on how this real estate owner structures cash flow with gaming tenants.\nAgainst that backdrop, Gaming and Leisure Properties’ share price of US$38.82 reflects a year where short-term momentum has softened, with the 90-day share price return down 12.78% and the 1-year total shareholder return down 7.50%. At the...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","BK4084":"特种房地产投资信托","BK4588":"碎股","GLPI":"Gaming and Leisure Properties I","BK4585":"ETF&股票定投概念","SPHQ":"Invesco S&P 500 Quality ETF","BK4234":"特殊用途房地产信托"},"translate_title":"阳光公园售后回租后，博彩和休闲物业（GLPI）是否被低估了？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCF":1,"GLPI":1.5,"SPHQ":0.9},"content_text":"Strategic Gaming Management’s acquisition of Sunland Park Racetrack & Casino and the related sale leaseback of the property to Gaming and Leisure Properties (GLPI) puts fresh attention on how this real estate owner structures cash flow with gaming tenants. Against that backdrop, Gaming and Leisure Properties’ share price of US$38.82 reflects a year where short-term momentum has softened, with the 90-day share price return down 12.78% and the 1-year total shareholder return down 7.50%. At the same time, the 3-year and 5-year total shareholder returns of 5.66% and 9.14% point to a steadier long-run record. Scan how Gaming and Leisure Properties compares with other real estate operators by reviewing a curated set of list of solid balance sheet and fundamentals (25 results) that also lean on steady rental cash flows. Gaming and Leisure Properties has a long-term record of collecting rent from gaming operators on triple net terms. After the Sunland Park deal and a softer share price, is that resilience already fully reflected in US$38.82 or not yet? AdvertisementPrice-to-Earnings of 11.7x: Is it justified? Gaming and Leisure Properties changes hands at a P/E of 11.7x, while our DCF work and peer checks both suggest the stock may be priced below what its cash flows and earnings profile imply. The P/E ratio compares the current share price to annual earnings per share. For a real estate owner like Gaming and Leisure Properties that leans on contracted rental income, this measure gives a quick sense of how much investors are paying for each dollar of profit generated from its US$1.7b investment property portfolio. On this yardstick, the gap is wide. The business is described as \"good value\" against multiple reference points, with its 11.7x P/E level well below the North American Specialized REITs industry average of 25.8x and also below a 19.1x peer average. The internal fair P/E estimate of 32.2x is far higher again. This points to a level the market could move towards if sentiment around Gaming and Leisure Properties’ earnings and balance sheet risk changed materially. Explore the SWS fair ratio for Gaming and Leisure Properties. Result: Price-to-Earnings of 11.7x (UNDERVALUED) Still, Gaming and Leisure Properties faces real pressure points, including tenant concentration in gaming and any shift in regulation that could challenge rental coverage and deal activity. Find out about the key risks to this Gaming and Leisure Properties narrative. Another view on Gaming and Leisure Properties’ value The earlier P/E work suggests Gaming and Leisure Properties looks inexpensive. A second lens, the SWS DCF model, goes further. It estimates future cash flows support a value of $98.82 per share, well above the current $38.82 price, which points to a deeper undervaluation signal. That kind of gap cuts both ways for investors. It can mark potential upside if the cash flow profile holds, or it can highlight how sensitive valuation is to changes in assumptions about rent coverage, refinancing and deal activity. The real question is whether you trust the cash flows that sit underneath the model. Look into how the SWS DCF model arrives at its fair value. GLPI Discounted Cash Flow as at Oct 2026Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Gaming and Leisure Properties for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 35 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Next Steps Mixed signals on Gaming and Leisure Properties so far. If you want to act before sentiment shifts again, consider weighing the concerns against the potential upside by reviewing the 5 key rewards and 2 important warning signs Looking for more investment ideas beyond Gaming and Leisure Properties? If you stop at Gaming and Leisure Properties, you risk missing other opportunities that fit your style, your risk tolerance, and your income goals.  Target potential mispriced opportunities by scanning a focused list of 35 high quality undervalued stocks that pair solid fundamentals with appealing entry points. Build a steadier income stream by zeroing in on 8 dividend fortresses that combine higher yields with resilient business models. Protect your downside by starting with 32 resilient stocks with low risk scores that screen for stronger balance sheets and more controlled risk profiles.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2676756668","isCrawlerRequest":true}