Company: GLPI
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001575965-25-000017
Chunk: 131

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 131
---
 $0.8 million.  The Company also recognized lower accretion of $1.0 million on its Investment in leases and unfavorable straight-line rent adjustments of $7.4 million compared to the corresponding period in the prior year.

45

Details of the Company's income from real estate for the three months ended March 31, 2025 was as follows (in thousands)

Three Months Ended March 31, 2025Building base rentLand base rentPercentage rent and other rental revenueInterest income on real estate loansTotal cash incomeStraight-line rent and deferred rent adjustments (1)Ground rent in revenueAccretion on financing leasesTotal income from real estateAmended PENN Master Lease$54,152 $10,759 $6,561 $— $71,472 $4,952 $473 $— $76,897 PENN 2023 Master Lease 59,797 — (121)— 59,676 4,738 — — 64,414 Amended Pinnacle Master Lease61,482 17,814 8,122 — 87,418 1,858 2,061 — 91,337 PENN Morgantown Lease— 796 — — 796 — — — 796 Caesars Master Lease16,302 5,932 — — 22,234 1,916 330 — 24,480 Horseshoe St. Louis Lease5,991 — — — 5,991 324 — — 6,315 Boyd Master Lease20,470 2,946 3,047 — 26,463 (350)432 — 26,545 Boyd Belterra Lease724 473 500 — 1,697 (25)— — 1,672 Bally's Master Lease26,411 — — — 26,411 — 2,555 — 28,966 Bally's Master Lease II8,048 — — 8,048 — 954 — 9,002 Maryland Live! Lease19,412 — — — 19,412 — 2,108 3,288 24,808 Pennsylvania Live! Master Lease12,793 — — — 12,793