Gaming and Leisure Properties, Inc (NASDAQ:GLPI) Q3 2019 Earnings Conference Call - Final Transcript
Nov 01, 2019 • 09:00 am ET
Greetings, and welcome to the Gaming and Leisure Properties Incorporated Third Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Mr. Joe Jaffoni of the JCICR [Phonetic]. Thank you, Mr. Jaffoni. You may begin.
Thank you, Tim. Good morning, everyone, and thank you for joining Gaming and Leisure Properties' third quarter 2019 earnings call and webcast.
The press release distributed yesterday afternoon is available on the Investor Relations section of our website at www.glpropinc.com. On today's call, management's prepared remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ from those discussed today. Forward-looking statements may include those related to revenue, operating income and financial guidance, as well as non-GAAP financial measures such as FFO and AFFO.
As a reminder, forward-looking statements represent management's current estimates and the Company assumes no obligation to update any forward-looking statements in the future. We encourage listeners to review the more detailed discussions related to forward-looking statements contained in the Company's filings with the SEC as well as the definitions and reconciliations of non-GAAP financial measures contained in the Company's earnings release.
On this morning's call we are joined by Peter Carlino, Chairman and Chief Executive Officer; and Steve Snyder, Chief Financial Officer at Gaming and Leisure Properties. Also joining today's call are Desiree Burke, Senior Vice President and Chief Accounting Officer; Brandon Moore, Senior Vice President, General Counsel and Secretary; and Steve Ladany, Senior Vice President, Finance; and Matt Demchyk Senior Vice President of Investments.
With that, it's my pleasure to turn the call over to Peter Carlino. Peter?
Well, thank you, Joe, and good morning to all.
I will begin with my usual few comments. Obviously, we have our entire team here today to answer any and all questions that you may have. Steve Snyder will obviously provide a lot of detail. But look, we are very pleased to present another solid quarter with very good performance out of -- from each of our major tenants.
And I'll add that those of you who have followed us for years know that we are very aggressive people. That hasn't changed, and we continue to look at a number of opportunities. But I want to highlight what we generally do each quarter. We are in no hurry to rush into any transaction that is less than optimal for our company. So it's an inevitable question, what are you guys looking at. We're looking at a number of things. But again we -- patience is I think one of our strong suits, and we're looking ahead to a strong year in 2020.
So in the meantime, we continue to protect our