Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 137

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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ica, MSCommencement Date1/1/202311/1/2013Lease Expiration Date10/31/203310/31/2033Remaining Renewal Terms15 (3x5 years)15 (3x5 years)Corporate GuaranteeYesYesMaster Lease with Cross CollateralizationYesYesTechnical Default Landlord ProtectionYesYesDefault Adjusted Revenue to Rent Coverage1.11.1Competitive Radius Landlord ProtectionYesYesEscalator DetailsYearly Base Rent Escalator Maximum1.5% (1)2 %Coverage ratio at March 31, 2025 1.892.14Minimum Escalator Coverage GovernorN/A1.8Yearly Anniversary for RealizationNovemberNovemberPercentage Rent Reset DetailsReset FrequencyN/A5 yearsNext ResetN/ANov-28

(1)    In addition to the annual escalation, a one-time annualized increase of $1.4 million occurs on November 1, 2027.  

36

Master LeasesAmended Pinnacle Master LeaseBally's Master LeaseOperatorPENNBally'sPropertiesAmeristar Black HawkBlack Hawk, COBally's EvansvilleEvansville, INAmeristar East ChicagoEast Chicago, INBally's Dover Casino ResortDover, DEAmeristar Council BluffsCouncil Bluffs, IABlack Hawk (Black Hawk North, West and East casinos)Black Hawk, COL'Auberge Baton RougeBaton Rouge, LAQuad Cities Casino & HotelRock Island, ILBoomtown Bossier CityBossier City, LABally's Tiverton Hotel & CasinoTiverton, RIL'Auberge Lake CharlesLake Charles, LAHard Rock Casino and Hotel BiloxiBiloxi, MSBoomtown New OrleansNew Orleans, LAAmeristar VicksburgVicksburg, MSRiver City Casino & HotelSt. Louis, MOJackpot Properties (Cactus Petes and Horseshu)Jackpot, NVPlainridge Park CasinoPlainridge, MACommencement Date4/28/20166/3/2021Lease Expiration Date4/30/20316/2/2036Remaining Renewal Terms20 (4x5 years)20 (4x5 years)Corporate GuaranteeYesYesMaster Lease with Cross CollateralizationYesYesTechnical Default Landlord ProtectionYesYesDefault Adjusted Revenue to Rent Coverage1.21.35 (1)Competitive Radius Landlord ProtectionYesYesEscalator DetailsYearly Base Rent