8 Most Undervalued REIT Stocks To Buy Now

6. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Number of Hedge Fund Holders: 25

Forward P/E: 16.71

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) was founded in 2013 as the first gaming real estate investment trust in the US. The firm’s portfolio includes 65 premier gaming and related facilities which are operated by recognized industry leaders. The REIT engages in acquiring, financing, and owning real property to be leased to gaming operators in triple net lease arrangements.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has an unmatched gaming industry and real estate expertise. The REIT has a portfolio positioned well across the country and focuses on stable and resilient regional gaming markets. It benefits from its unmatched roster of the gaming industry’s leading operators. Regarding the future of the REIT, the firm remains confident in the long-term health of the casino gaming industry.

For the quarter ended June 30, total revenue increased 6.7% year-over-year to $380.6 million. AFFO grew 5.6% as compared to the prior year period.  The firm continues to expand its portfolio and build its tenant base while strengthening its bond with existing tenants. It agreed to fund and oversee a landside development project and hotel renovation of the Belle of Baton Rouge for its tenant The Queen Casino and Entertainment Inc. The REIT also plans to add two promising assets to its existing portfolio through the acquisition of Bally’s Kansas City and Bally’s Shreveport.

Therefore, Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is a real estate investment trust focused on growth and diversification. The firm is positioned well as the real estate partner of choice for operators of all sizes.