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4/30/2021
Greetings and welcome to Gaming and Leisure Properties, Inc. First Order 2021 Earns Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during a conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Joe Jafone,
investor relations thank you you may begin thank you doug and good morning everyone and thank you for joining gaming and leisure properties first quarter 2021 earnings call and webcast the press release distributed yesterday afternoon is available on the investor relations section of the company's 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 materially 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 risk factors and forward-looking statements contained in the company's filings with the SEC, including its first quarter 10Q and in the earnings release, 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 at Gaming and Leisure Properties. Also joining today's call are Desiree Burke, Senior Vice President, Chief Accounting Officer and Treasurer, Brandon Moore, Executive Vice President, General Counsel and Secretary, Steve Ladney, Senior Vice President, Chief Development Officer, and Matthew Demchek, Senior Vice President, Chief Investment Officer. With that, it's my pleasure to turn the call over to Peter. Peter Carlino. Peter, please go ahead.
Well, thank you, Joe, and good morning, everyone. Thank you for joining us this morning. We are, of course, pleased to announce another strong and, I think, eventful quarter. Notably, we have continued to diversify our tenant roster with the significant addition of multiple transactions with Bally's, part of which includes a 50-year ground lease on the Tropicana property. I just want to note that that kind of brings full circle our pretty, I think, bold and decisive choice to provide liquidity to Penn National back in a very, very dark hour. The result for them and clearly for us as well has been evident. There are many other significant events that we've highlighted in our press releases. A lot of detail here, as always. It's all there if you want to take a look at it. And we're here, of course, with our team to answer your questions. Obviously, too, we had a strong financial performance this quarter. And let me ask Desiree Burke to go through just some numbers that she'd like to highlight.
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