Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 14

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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ITEM 1. FINANCIAL STATEMENTS

Gaming and Leisure Properties, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands, except share data)

 September 30,2025December 31,2024(unaudited)AssetsReal estate investments, net$8,140,928 $8,148,719 Investment in leases, financing receivables, net2,312,640 2,333,114 Investment in leases, sales-type, net248,325 254,821 Real estate loans, net176,882 160,590 Right-of-use assets and land rights, net1,077,052 1,091,783 Cash and cash equivalents751,715 462,632 Held to maturity investment securities— 560,832 Other assets79,029 63,458 Total assets$12,786,571 $13,075,949 LiabilitiesAccounts payable and accrued expenses$6,704 $5,802 Accrued interest55,023 105,752 Accrued salaries and wages8,446 7,154 Operating lease liabilities243,095 244,973 Financing lease liabilities61,105 60,788 Long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts7,201,213 7,735,877 Deferred rental revenue208,075 228,508 Other liabilities47,059 41,571 Total liabilities7,830,720 8,430,425 Commitments and Contingencies (Note 9)EquityPreferred stock ($.01 par value, 50,000,000 shares authorized, no shares issued or outstanding at September 30, 2025 and December 31, 2024)— — Common stock ($.01 par value, 500,000,000 shares authorized, 283,008,342 and 274,422,549 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively)2,830 2,744 Additional paid-in capital6,609,678 6,209,827 Accumulated deficit(2,037,129)(1,944,009)Accumulated other comprehensive income927 — Total equity attributable to Gaming and Leisure Properties4,576,306 4,268,562 Noncont