WYOMISSING, Pa., Feb. 20, 2019 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the
“Company”), the first gaming-focused real estate investment trust (“REIT”) in North America, announced today that at its meeting
yesterday, the Company’s Board of Directors declared the first quarter 2019 cash dividend of $0.68 per share of its common stock.
The dividend is payable on March 22, 2019 to shareholders of record on March 8, 2019.
While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent
dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.
About Gaming and Leisure Properties
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in
triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in
connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the
leased properties and all utilities and other services necessary or appropriate for the leased properties and the business
conducted on the leased properties. GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming
facilities to lease to gaming operators. GLPI also intends to diversify its portfolio over time, including by acquiring properties
outside the gaming industry to lease to third parties.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and
Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our expectations regarding
future acquisitions and expected 2019 dividend payments. Forward looking statements can be identified by the use of forward looking
terminology such as “expects,” “believes,” “estimates,” “intends,” “may,” “will,” “should” or “anticipates” or the negative or
other variation of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Such forward
looking statements are inherently subject to risks, uncertainties and assumptions about GLPI and its subsidiaries, including risks
related to the following: the availability of and the ability to identify suitable and attractive acquisition and development
opportunities and the ability to acquire and lease those properties on favorable terms; the ability to receive, or delays in
obtaining, the regulatory approvals required to own and/or operate its properties, or other delays or impediments to completing
acquisitions or projects; GLPI's ability to maintain its status as a REIT; our ability to access capital through debt and equity
markets in amounts and at rates and costs acceptable to GLPI, including through GLPI's existing at-the-market offering program; the
impact of our substantial indebtedness on our future operations; changes in the U.S. tax law and other state, federal or local
laws, whether or not specific to REITs or to the gaming or lodging industries; and other factors described in GLPI’s Annual Report
on Form 10-K for the year ended December 31, 2018, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
each as filed with the Securities and Exchange Commission. All subsequent written and oral forward-looking statements attributable
to GLPI or persons acting on GLPI’s behalf are expressly qualified in their entirety by the cautionary statements included in this
press release. GLPI undertakes no obligation to publicly update or revise any forward-looking statements contained or incorporated
by reference herein, whether as a result of new information, future events or otherwise, except as required by law. In light of
these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.
Contact
Investor Relations – Gaming and Leisure Properties, Inc.
Steven T.
Snyder
Joseph Jaffoni, Richard Land, James Leahy
610/378-8215
212/835-8500
investorinquiries@glpropinc.com
glpi@jcir.com
