Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 17

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 17
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2,129 |   |     |                |     1,997 |   |     |      |     2,418 |   |     |              |   1,109 |   |     |      |   1,049 |   |
| Capital maintenance expenditures                                                      |     |                     |       134 |   |     |                |        67 |   |     |      |       159 |   |     |              |     157 |   |     |      |     552 |   |
| Amortization of debt issuance costs, bond premiums and original issuance discounts(1) |     |                     |   (11,229 | ) |     |                |    (9,857 | ) |     |      |    (9,975 | ) |     |              |  (6,459 | ) |     |      |  (5,369 | ) |
| Capitalized interest                                                                  |     |                     |     4,395 |   |     |                |         — |   |     |      |         — |   |     |              |   7,016 |   |     |      |       — |   |
| Adjusted EBITDA                                                                       |     | $                   | 1,374,275 |   |     | $              | 1,307,094 |   |     | $    | 1,221,668 |   |     | $            | 721,601 |   |     | $    | 673,872 |   |

| (1) | Such amortization is a non-cash component included in interest, net. |

| (2) | Amounts exclude the non-cash interest expense gross up related to 
 certain ground leases.                                            |

S-8

RISK FACTORS An investment in our notes involves risk. In addition to the other information included in, or incorporated by reference into, this prospectus supplement, you should carefully consider the risk factors incorporated by reference in this prospectus supplement and the accompanying prospectus from our 2024 10-K,as well as the risks, uncertainties and additional information set forth in each of the foregoing filings generally, and in other documents we file with the SEC that are incorporated by reference in this prospectus supplement and the accompanying prospectus, when determining whether or not to purchase the notes offered under this prospectus supplement. See “Information Incorporated by Reference” in this prospectus supplement and in the accompanying prospectus, and