Dividend YieldThe dividend offers an attractive 6.1% yield, compared to REITs overall at 3.7%, with ample coverage, implying no risk.
Financial FlexibilityGLPI has an estimated $3.2B of liquidity available, including cash, credit facility availability, and unsettled forward equity, providing significant financial flexibility.
ValuationShares currently trade at a slight discount to net-lease REITs at 13.0x 2024E AFFO/share, which is viewed as unwarranted, and investors are recommended to accumulate shares.