Why Is Everyone Talking About Gaming and Leisure Properties?
Although 2020 was tough for casino operators, casino landlords like Gaming and Leisure Properties (NASDAQ: GLPI) held up surprisingly well. In fact, the real estate investment trust (REIT) collected 100% of the rent it was owed despite the pandemic shutdowns last year. And, even as the gaming industry continues to work back from the lockdowns, Gaming and Leisure is finding new ways to grow, a fact that has investors talking about the stock and its generous 5.8% yield.
Gaming and Leisure's portfolio includes 55 properties across 17 states. Casinos are huge assets, and its holdings span almost 25 million square feet.
And while gaming is the big draw, tenants include related businesses such as retail, entertainment, restaurants, and hotels. On the hotel front, Gaming and Leisure's portfolio includes more than 15,700 hotel rooms. It's a huge player in the casino industry.
Source Fool.com
