GLP and Vici have multiple tenants, while MGP is solely reliant on MGM Resorts International (NYSE:MGM) for its revenue stream<\/strong>.<\/p>\nNear-Term Tests<\/h2>\n
The May rent payment cycle could prove telling for the real estate firms, because some analysts believe operators could skirt those obligations for a month or two simply to conserve cash.<\/p>\n
\u201cThere is a real risk that tenants may look to their rent obligations to conserve cash, while their facilities are closed or are operating with minimal business volumes,\u201d said Fitch Ratings in a recent note<\/strong>.<\/p>\nGLP and Vici report first-quarter earnings on Friday, May 1. There’s a chance the companies could comment on payments for the fifth month. MGP steps into the earnings confessional on May 5, meaning it might have more clarity on how tenant obligations are looking for the month.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gaming and Leisure Properties (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP) and Vici Properties (NYSE:VICI) comprise the publicly traded universe of domestic gaming real estate assets. Those names could be investors’ preferred avenues for wagering on the industry’s post-coronavirus resurgence, according to one analyst. This is the first downturn faced by the gaming real estate investment trusts […]<\/p>\n","protected":false},"author":46,"featured_media":134444,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Gaming REITs Can Weather Casino Storm, Says Instinet Analyst<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n