Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 10

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 10
---
, who are responsible for payment directly to the landlord. GLPI was formed from the 2013 tax-free spin-off ofthe real estate assets of PENN and was incorporated as a Pennsylvania corporation on February 13, 2013, as a wholly-owned subsidiary of PENN. On November 1, 2013, PENN contributed to GLPI, through a series of internal corporate restructurings, substantially all of the assets and liabilities associated with PENN’s real property interests and real estate development business, as well as the

S-1

assets and liabilities of Hollywood Casino Baton Rouge and Hollywood Casino Perryville and then spun-off GLPI to holders of PENN’s common
and preferred stock in a tax-free distribution. GLPI elected to be treated as a REIT on its U.S. federal income tax return for its taxable year that ended December 31, 2014. GLPI is the
general partner of the Operating Partnership, through which it conducts substantially all of its business and owns substantially all of its real estate assets. The Operating Partnership was formed under Pennsylvania law on March 12, 2013. As of
June 30, 2025, GLPI controlled approximately 97.0% of the Operating Partnership as the sole general partner.

Corporate Information

Our principal executive offices are located at 845 Berkshire Blvd., Suite 200, Wyomissing, Pennsylvania 19610, and our telephone number is (610) 401-2900. Our website address is www.glpropinc.com. Information found on, or accessible through, our website is not a part of, and is not incorporated into, this prospectus supplement or the
accompanying prospectus, and you should not consider it part of this prospectus supplement or the accompanying prospectus. For additional information, see “Information Incorporated by Reference” in this prospectus supplement and in the
accompanying prospectus, and “Where You Can Find More Information” in the accompanying prospectus.

S-2

The Offering The following is a brief summary of some of the terms of this offering. For a more complete description of the terms of the notes, see the sections entitled “Description of Notes” in this prospectus supplement and “Description of Debt Securities” in the accompanying prospectus. In this section, “we”, “our”, and “us” refer only to the Issuers and none of their subsidiaries.

| Issuers | GLP Capital, L.P. and GLP Financing II, Inc.