The company now owns more than 4,300 acres of land and 15 million square feet of building space all of which is completely occupied. At first quarters end, GLPI owned the real estate underlying 36 casinos 18 of which are leased to Penn National. While many observers regard Tunica and Mississippi more broadly as saturated markets, Carlino said that from his vantage point the deal is a value-add. We do pride ourselves in bringing a unique underwriting ability to gaming assets so we can look objectively and carefully at a market like Tunica, said Carlino on a conference call with investors.
GLPI issued second quarter guidance of 244 million in revenue, 96 million in net income, 167 million in AFFO and adjusted EBITDA of 221 million. GLPIs results continue to reflect the consistency 4 horse tri box predictability associated with the triple-net model, wrote Steven M. Wieczynski an analyst with Stifel. All told, though we are believers in the dedicated gaming REIT concept as stewarded by GLPIs capable management team over the longer term, we believe incremental acquisition activity of size could be limited in the near term. Carlino added that his team continues to be aggressive in scouting out 4 horse tri box acquisition opportunities as a means to 4 horse tri box the dividend returned to shareholders.