Gaming and Leisure Properties GLPI Consolidation Eliminations — Real Estate Investment Property Net

Discontinued — last reported Q2 '18

Similar metrics at other companies

NREFAdjustment To Real Estate Investments Net On Consolidation Of Real Estate

$10.73M—

STWDReal Estate Investment Property, Net

$3.86B+173%

DLRReal Estate Investment Property, Net

$26.43B+9.6%

TMHCConsolidated real estate not owned

$100.53M-20.5%

ADAMConsolidation of real estate held in Consolidated VIEs

$0—

LADRReal Estate Investment Property, Net

$775.72M+18.5%

Other financials

Income statement

See full

Revenue$420.0M+6.3%

Gross profit$360.1M+7.0%

Operating income$333.3M+28.8%

Net income$231.8M+40.3%

EPS (diluted)$0.82+36.7%

Balance sheet

See full

Cash & equivalents$274.5M+62.6%

Total debt$8.4B+2.6%

Total equity$4.6B+10.0%

Total assets$13.8B+13.5%

Cash flow

See full

Operating cash flow$270.2M+7.0%

CapEx$111.5M+764%

Free cash flow$158.8M-33.7%

Valuation

See full

Market cap$12.63B-10.2%

Enterprise value$20.74B-6.0%

P/E14.2×-4.0×

P/S7.8×-1.3×

Profitability

See full

Gross margin100%0.0pp

Operating margin78.8%+5.8pp

Net margin55.1%+5.1pp

FCF margin45.9%-22.0pp

Returns & leverage

See full

Return on equity20.2%+1.6pp

Debt / equity1.8×-0.1×

Where this comes from

Reported directly by Gaming and Leisure Properties in its filing.

Tagged under the XBRL concept us-gaap:RealEstateInvestmentPropertyNet.

The official record: Gaming and Leisure Properties’s 10-Q, filed August 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — real estate investment property net mean?: This metric eliminates the net value of real estate investment properties that are held or transferred between consolidated entities. It ensures that the consolidated financial statements accurately represent the group's external real estate portfolio. This is a critical adjustment for REITs with multiple property-holding subsidiaries.