Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 128

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 income on real estate loans4,022 11,142 Total cash income$375,676 $1,118,128 Straight-line rent adjustments5,390 20,235 Ground rent in revenue9,553 28,605 Accretion on financing receivables6,991 20,753 Total income from real estate$397,610 $1,187,721 As of September 30, 2025, the future minimum rental income from the Company's rental properties under non-cancelable operating leases, including any reasonably assured renewal periods, was as follows (in thousands):Year ending December 31,Future Rental Payments ReceivableStraight-Line Rent Adjustments (1)Future Base Ground Rents ReceivableFuture Income to be Recognized Related to Operating Leases2025 (remainder of year)$324,047 $10,143 $3,891 $338,081 20261,267,417 47,686 15,619 1,330,722 20271,257,706 46,567 15,154 1,319,427 20281,259,885 39,646 15,036 1,314,567 20291,242,005 33,809 15,036 1,290,850 Thereafter4,983,761 5,038 73,552 5,062,351 Total$10,334,821 $182,889 $138,288 $10,655,998 (1)    Includes a $3.6 million tenant improvement allowance that is being amortized over the life of a tenant lease and excludes deferred income on development projects which are not ready for their intended use.  The table above presents the cash rent the Company expects to receive from its tenants, offset by adjustments to recognize this rent on a straight-line basis over the lease term. The Company also includes the future non-cash revenue it expects to recognize from the fixed portion of tenant paid ground leases in the table above.  See Note 3 for the future contractual cash receipts to be received by the Company under its Investment in leases.  

The Company may periodically loan funds to casino owner-operators for the purchase of real estate. Interest income related to real estate loans is recorded as revenue from real estate within the Company's consolidated statements of income in the period earned.  See Note 5 for further details.  

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11.    E