Company: GLPI
Filing Date: 2025-05-02
Form Type: 424B5
Source: 0001193125-25-111614
Chunk: 13

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-05-02
Form: 424B5
Chunk 13
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IT, our amended and restated articles of incorporation, subject to certain exceptions, generally prohibit any person from beneficially or constructively owning more than 7% of our outstanding 
 shares of common stock or more than 7% in value or number, whichever is more restrictive, of the outstanding shares of all classes or series of our stock. See “Description of Capital Stock of GLPI—Restrictions on Ownership and                   
 Transfer” in the accompanying prospectus.                                                                                                                                                                                                            |

| Dividend Policy | We intend to have an annual dividend that is greater than or equal to at least 90% of our REIT taxable income on an annual basis, determined without regard to the dividends paid deduction and excluding any net capital gains. U.S. federal income  
 tax law generally requires that a REIT annually distribute at least 90% of its REIT taxable income, without regard to the deduction for dividends paid and excluding net capital gains, and that it pay regular corporate rates to the extent that it 
 annually distributes less than 100% of its taxable income.                                                                                                                                                                                            |

| Risk Factors | See “Risk Factors” in this prospectus supplement and the accompanying prospectus, and other information included or incorporated by reference herein and therein for a discussion of the factors you should carefully consider before 
 deciding to invest in our common stock.                                                                                                                                                                                               |

| Nasdaq Symbol | GLPI |

| Transfer Agent and Registrar | Continental Stock Transfer & Trust Company |

S-4

RISK FACTORS An investment in our common stock involves risks. In addition to the other information included in, or incorporated by reference in, this prospectus supplement and the accompanying prospectus, you should carefully consider the risk factors and any additional information incorporated by reference in this prospectus supplement and the accompanying prospectus from GLPI’s most recent Annual Report on Form 10-K,as updated by subsequent filings under the Exchange Act and any other documents we file with the SEC that are deemed to be incorporated by reference in this prospectus supplement and the accompanying prospectus when determining whether or not to purchase our common stock offered under this prospectus supplement. See “Where You Can Find More Information” in the accompanying prospectus and “Information Incorporated by Reference” in this prospectus supplement and the accompanying prospectus. The risks and uncertainties we discuss in this prospectus supplement, the accompanying prospectus and in the documents incorporated by reference herein and therein are those that we currently believe may materially affect our company. Additional risks not presently known or that are currently deemed immaterial could also materially and adversely affect