Company: GLPI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001575965-25-000008
Chunk: 223

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 223
---
%9/19/2029 Interest paid monthly— 15,160 15,077 — $165,160 $160,590 — 

(1)  Effective January 1, 2025, the interest rate on the Rockford Loan was reduced to 8% and the loan now matures on June 30, 2026.

(2)  The aggregate cost for federal income tax purposes of the mortgage loan listed above was approximately $165 million at December 31, 2024.  The difference between the face amount of the loans and the carrying amount of the loans are the allowance for credit losses that have been recorded in accordance with the Company's accounting policies as described in Note 2.  

Year Ended December 31, 2024Year Ended December 31, 2023(in thousands)Mortgage Loans:Balance at the beginning of the period$39,036 $—   Additions during the period:      New mortgage loans      125,160 40,000   Deductions during the period:      Collections of principal— —       Change in allowance for credit losses (3,606)(964)Balance at the end of the period$160,590 $39,036 

119