Q12 - OE_ClosestInvestmentPeers
Which companies would you consider to be GLP’s closest investment peers?
"Obviously, there’s the MGM entity whose name escapes me. Then there are collections of other triple-net lease REITs out there whose names I don’t know well."
Q13
Relative to its investment peers, do you consider GLP’s common stock to be overvalued, undervalued, or do you think it’s valued about right?
"Valued about right. It’s valued about right given the peers much higher organic growth. That’s the main difference, the organic growth rates. Some of them are close to zero at Gambling and Leisure Properties and 4 to 6% at a number of the others."
Q15k
How important is "Credible senior management" to your investment decisions/recommendations …show more content…
It matters a lot as it relates to the P/E that you’re willing to pay. That’s what matters. Its biggest impact is on the P/E that I’m willing to pay."
Q15l
How important is "Capable senior management" to your investment decisions/recommendations about GLP’s common stock? Please use a six-point scale where 6=extremely important and 1=not too important.
"6 [6-pt scale]. This is an acquisition-oriented business."
Q16a - OE_ExpectationsForAFFOgrowthNext2to3Yrs
What are your expectations for GLP on "AFFO growth" over the next 2 to 3 years?
"3%."
Q16b - OE_ExpectationsForDividendGrowthNxt2to3Yrs
What are your expectations for GLP on "Dividend growth" over the next 2 to 3 years? …show more content…
They should give their investors more color as to where they are on the pending Penn National reset for that first management contract. They should talk about other leisure businesses that are appealing to them."
Q20 - AccessSeniorMgmt-IRFactor
Using a six-point scale where 6 is excellent and 1 is poor, how would you rate GLP’s investor communications in regards to providing access to senior management?
"2 [6-pt scale]. It’s poor because it’s generally only through – it’s poor because generally, in-person meetings are only through a Wall Street sponsor."
Q21f
If you had an opportunity to spend more time with senior GLP management, how important would it be for you to spend time with VP, Finance, Hayes Croushore, ?
"4 [6-pt scale]. Hayes would be a 4. You left off someone, their Chief Development Officer, whose name escapes me at the moment. Steve – I want to say Crawford, but that’s not right. Steve Snyder. He’s a 6."
Q22
If GLP management increased its accessibility to the investment community, what would be your top two most preferred types of engagement?
"During an Analyst Day, headquarter visit. Again, without a Wall Street sponsor. Way too much of their communications is done through a Wall Street
Which companies would you consider to be GLP’s closest investment peers?
"Obviously, there’s the MGM entity whose name escapes me. Then there are collections of other triple-net lease REITs out there whose names I don’t know well."
Q13
Relative to its investment peers, do you consider GLP’s common stock to be overvalued, undervalued, or do you think it’s valued about right?
"Valued about right. It’s valued about right given the peers much higher organic growth. That’s the main difference, the organic growth rates. Some of them are close to zero at Gambling and Leisure Properties and 4 to 6% at a number of the others."
Q15k
How important is "Credible senior management" to your investment decisions/recommendations …show more content…
It matters a lot as it relates to the P/E that you’re willing to pay. That’s what matters. Its biggest impact is on the P/E that I’m willing to pay."
Q15l
How important is "Capable senior management" to your investment decisions/recommendations about GLP’s common stock? Please use a six-point scale where 6=extremely important and 1=not too important.
"6 [6-pt scale]. This is an acquisition-oriented business."
Q16a - OE_ExpectationsForAFFOgrowthNext2to3Yrs
What are your expectations for GLP on "AFFO growth" over the next 2 to 3 years?
"3%."
Q16b - OE_ExpectationsForDividendGrowthNxt2to3Yrs
What are your expectations for GLP on "Dividend growth" over the next 2 to 3 years? …show more content…
They should give their investors more color as to where they are on the pending Penn National reset for that first management contract. They should talk about other leisure businesses that are appealing to them."
Q20 - AccessSeniorMgmt-IRFactor
Using a six-point scale where 6 is excellent and 1 is poor, how would you rate GLP’s investor communications in regards to providing access to senior management?
"2 [6-pt scale]. It’s poor because it’s generally only through – it’s poor because generally, in-person meetings are only through a Wall Street sponsor."
Q21f
If you had an opportunity to spend more time with senior GLP management, how important would it be for you to spend time with VP, Finance, Hayes Croushore, ?
"4 [6-pt scale]. Hayes would be a 4. You left off someone, their Chief Development Officer, whose name escapes me at the moment. Steve – I want to say Crawford, but that’s not right. Steve Snyder. He’s a 6."
Q22
If GLP management increased its accessibility to the investment community, what would be your top two most preferred types of engagement?
"During an Analyst Day, headquarter visit. Again, without a Wall Street sponsor. Way too much of their communications is done through a Wall Street