Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 113

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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 estate underlying the Company's instruments subject to CECL. Management will monitor the credit risk related to its instruments subject to CECL by obtaining the applicable rent and interest coverage on a periodic basis.  The Company also monitors legislative changes to assess whether it would have an impact on the underlying performance of its tenant.  We are unable to use our historical data to estimate losses as the Company has no loss history to date on its lease portfolio.  Our tenants were current on all of their rental obligations as of September 30, 2025 and December 31, 2024.The change in the allowance for credit losses for the Company's investment in leases is illustrated below (in thousands): Balance at December 31, 2024Change in AllowanceBalance at March 31, 2025Change in AllowanceBalance at June 30, 2025Change in AllowanceBalance at September 30, 2025Maryland Live! Lease$8,732 $5,696 $14,428 $14,143 $28,571 $(14,466)$14,105 Pennsylvania Live! Master Lease18,471 12,286 30,757 20,223 50,980 (11,424)39,556 Rockford Lease3,077 2,041 5,118 4,788 9,906 (1,304)8,602 Tioga Downs Lease2,651 3,767 6,418 3,105 9,523 (2,567)6,956 Strategic Lease1,134 3,067 4,201 1,696 5,897 179 6,076 Tropicana LV Lease23,681 9,157 32,838 2,268 35,106 (4,933)30,173 Totals$57,746 $36,014 $93,760 $46,223 $139,983 $(34,515)$105,468 Balance at December 31, 2023Change in AllowanceBalance at March 31, 2024Change in AllowanceBalance at June 30, 2024Change in AllowanceBalance at September 30, 2024Maryland Live! Lease$5,661 $7,094 $12,755 $(1,871)$10,884 $500 $11,384 Pennsylvania Live!