Company: GLPI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001575965-25-000008
Chunk: 222

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 222
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.  In August 2024, a change in rent terms resulted in a lease reconsideration event. The lease is now a sales type lease and the assets are no longer reported on this schedule.            (3)    The aggregate cost for federal income tax purposes of the properties listed above was $9.5 billion at December 31, 2024. This amount does not include the real estate part of Investment in Financing Lease, net or Investment in Sales-type leases, net.

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A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2024, 2023 and 2022 is as follows:Year Ended December 31,202420232022Real Estate:(in thousands)Balance at the beginning of the period$10,347,315 $9,626,018 $9,458,918 Acquisitions426,562 678,130 150,126 Construction in progress39,542 — 23,864 Capital expenditures and assets placed in service— 43,167 — Dispositions (1)(227,958)— (6,890)Balance at the end of the period$10,585,461 $10,347,315 $9,626,018 Accumulated Depreciation:Balance at the beginning of the period$(2,178,523)$(1,918,083)$(1,681,367)Depreciation expense(258,219)(260,440)(236,809)Additions — — — Dispositions— — 93 Balance at the end of the period$(2,436,742)$(2,178,523)$(1,918,083)(1) The 2024 amount primarily represents the reclassification of the Tropicana Las Vegas Lease to a sales type lease from an operating lease due to a lease         reclassification event due to a change in terms.

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SCHEDULE IV 

MORTGAGE LOANS ON REAL ESTATE 

December 31, 2024

(in thousands)

DescriptionInterest Rate (1)Final Maturity DatePeriodic Payment TermsPrior LiensFace Amount of MortgageCarrying Amount of Mortgage (2)Principal Amount of Loans Subject to Delinquent Principal or InterestRockford Loan10%9/29/2028 (1)Interest paid monthly— 150,000 145,513 — Ione Loan11