Company: GLPI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-101728
Chunk: 31

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 31
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     | Voting Proposals |     | Other Matters |

Executive Compensation Peer Group Each year, the Committee reviews the executive compensation peer group to ensure the appropriateness of each peer company, as well as the peer group in totality, based on the following:

| GLPI Business Factors Used to Assess Peer Group Selection                                                                                                   |
| Focusing exclusively on the acquisition and development of gaming assets                                                                                    |
| Acquiring gaming assets from taxable corporations includes complex tax, accounting, legal and regulatory issues                                             |
| Requiring executives that possess knowledge and expertise in both real estate and gaming operations to balance our strategic initiatives with our structure |
| Competing for talent and assets with not only REITs, but with companies in the highly competitive gaming industry                                           |

Based on this assessment, the Committee determined that the Company’s competitors consist of two groups of companies (i) companies with whom we compete for investors, capital and gaming assets – gaming REITs and triple-netlease REITs, and (ii) companies with whom we compete with for talent and gaming assets – gaming REITs and gaming operators. Accordingly, we reviewed our executive compensation peer group based on the following selection criteria:

| ● |     | Size – Companies with implied market capitalization or total capitalization ranging from 0.3x to 3.0x that of the Company |

| ● |     | Net Lease REITs – Primarily include REITs with revenues predominately derived from net leases or triple-net leases that are comparable to the Company in terms of the knowledge and skills required by the executive team to effectively evaluate opportunities and structure leases |

| ● |     | Gaming Expertise – Include a limited number of gaming companies with whom the Company competes for talent and assets and have the knowledge to navigate the highly regulated and complex gaming industry (represents 33% of our executive compensation group) |

Applying these criteria, FPC recommended, and the Committee approved, the following peer group in 2024 (1):

| Net Lease REITs                       |     | Gaming Companies           |
| Alexandria Real Estate Equities, Inc. |     | Boyd Gaming Corporation    |
| EPR Properties                        |     | Caesars Entertainment Inc. |
| Healthpeak Properties, Inc.           |     | MGM Resorts International  |
| NNN REIT, Inc.                        |     | PENN Entertainment Inc.    |
| Omega Healthcare Investors, Inc.      |     | Wynn Resorts, Limited      |
| Realty Income Corporation             |     |