Company: GLPI
Filing Date: 2025-05-02
Form Type: 424B5
Source: 0001193125-25-111614
Chunk: 8

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-05-02
Form: 424B5
Chunk 8
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 commitments to the extent drawn by our partners, acquisitions or refinancings due to maturities; |

| • |     | the ability of our tenants to decline our funding commitments by seeking alternative financing solutions and/or                                    
 if our tenants do elect to utilize our funding commitments, the amounts drawn and the timing of these draws may be different than what we assumed; |

| • |     | adverse changes in our credit rating; |

| • |     | the availability of qualified personnel and our ability to attract, motivate and retain key management personnel; |

| • |     | changes in the U.S. tax law and other federal, state or local laws or regulations, whether or not specific to 
 real estate, REITs or the gaming, lodging or hospitality industries;                                          |

| • |     | changes in accounting standards; |

| • |     | the impact of weather or climate events or conditions, natural disasters, acts of terrorism and other                                                 
 international hostilities, war (including the current conflict between Russia and Ukraine and conflicts in the Middle East) or political instability; |

| • |     | the risk that the historical financial statements incorporated by reference herein do not reflect what the 
 business, financial position or results of operations of GLPI may be in the future;                        |

| • |     | other risks inherent in the real estate business, including potential liability relating to environmental matters 
 and illiquidity of real estate investments; and                                                                   |

| • |     | additional factors discussed in the sections entitled “Risk Factors” and “Management’s                                                                                                                  
 Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report on Form 10-K filed with the SEC, as updated by our subsequent filings with the SEC under the 
 Exchange Act and any other documents filed with the SEC that are deemed incorporated by reference into this prospectus supplement and the accompanying prospectus.                                      |

While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. We expressly disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes. Accordingly, investors should use caution in relying on past forward-looking statements, which were based on results and trends at the time they were made, to anticipate future results or trends. For a further discussion of these and other factors that could impact our future results, performance or transactions, see the section of this prospectus supplement titled “Risk Factors”, as well as