Gaming And Leisure Properties Closes Land Deal, Reinforcing Its Buy Rating
Tuesday, 1 October 2024, 12:39
Strategic Acquisition in Chicago
Gaming and Leisure Properties (NASDAQ:GLPI) has finalized a significant $250 Million land acquisition in Chicago. This strategic deal underscores the company's commitment to enhancing its portfolio and growth strategies, particularly in high-demand markets.
Key Financial Metrics
- Cap Rate: 8%
- Estimated Cost of Capital: 6.6%
This acquisition emphasizes GLPI's potential for future performance and reinforces its current 'Buy' rating amidst favorable economic conditions.
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