Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 35

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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2025September 30,2025December 31,2024December 31,2024Investment in leases, sales typeInvestment in leases, financing receivablesInvestment in leases, sales typeInvestment in leases, financing receivablesMinimum lease payments receivable$697,328 $9,683,998 $708,456 $9,806,998 Estimated residual values of lease property (unguaranteed)278,500 1,276,674 278,500 1,276,674 Total975,828 10,960,672 986,956 11,083,672 Less: Unearned income(697,330)(8,572,737)(708,454)(8,716,493)Less: Allowance for credit losses(30,173)(75,295)(23,681)(34,065)Investment in leases, net$248,325 $2,312,640 $254,821 $2,333,114 The present value of the net investment in the lease payment receivable and unguaranteed residual value at September 30, 2025 for the Company's Investment in leases, financing receivables was $2,305.7 million and $82.2 million compared to $2,290.0 million and $77.1 million at December 31, 2024.  The present value of the net investment in the lease payment receivable and unguaranteed residual value at September 30, 2025 for the Company's Investment in leases, sales type was $255.6 million and $22.9 million compared to $256.7 million and $21.8 million at December 31, 2024.At September 30, 2025, minimum lease payments owed to the Company for each of the five succeeding years under the Company's investment in leases were as follows (in thousands):Year ending December 31,Future Minimum Lease Payments  - Sales TypeFuture Minimum Lease Payments  - Financing Receivables2025 (remainder of year)$3,709 $41,103 202614,837 166,917 202714,837 169,858 202814,837 172,851 202914,837 175,897 Thereafter634,271 8,957,372 Total$697,328 $9,683,998 The Company follows ASC 326 “Credit Losses”,