Buy the Yield, Keep the Optionality: A GLPI Long for Income and Accretion
Gaming and Leisure Properties (GLPI) offers an attractive entry point for income-focused investors. The REIT yields about 6.46% today, is trading near $48, and has just closed an accretive $700M acquisition and priced an $800M 5.625% note to simplify its capital stack. With solid ROE, positive operating metrics, and indications management is using …