Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 171

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 171
---
 AND DISPOSITION OF OUR COMMON STOCK, OUR PREFERRED STOCK AND/OR DEBT SECURITIES ISSUED BY THE OPERATING PARTNERSHIP AND CAPITAL CORP., INCLUDING ANY U.S. STATE AND LOCAL TAX (INCLUDING TRANSFER TAX), AND NON-U.S.TAX CONSEQUENCES.

54

SELLING SECURITY HOLDERS

Information about selling security holders, if applicable, will be set forth in a prospectus supplement, in a post-effective amendment or in
filings we make with the SEC, which are incorporated by reference into this prospectus.

55

PLAN OF DISTRIBUTION Sales by Us We may sell the securities offered by this prospectus from time to time in one or more transactions in any of the following ways:

| • |     | directly to investors, including through a specific bidding, auction or other process; |

| • |     | to investors through agents; |

| • |     | directly to agents; |

| • |     | to or through brokers or dealers; |

| • |     | to the public through underwriting syndicates led by one or more managing underwriters; |

| • |     | to one or more underwriters acting alone for resale to investors or to the public; and |

| • |     | through a combination of any such methods of sale. |

If we sell securities to a dealer acting as principal, the dealer may resell such securities at varying prices to be determined by such dealer in its discretion at the time of resale without consulting with us and such resale prices may not be disclosed in the applicable prospectus supplement. Any underwritten offering may be on a best efforts or a firm commitment basis. We may also offer securities through subscription rights distributed to our stockholders on a pro rata basis, which may or may not be transferable. In any distribution of subscription rights to stockholders, if all of the underlying securities are not subscribed for, we may then sell the unsubscribed securities directly to third parties or may engage the services of one or more underwriters, dealers or agents, including standby underwriters, to sell the unsubscribed securities to third parties. Sales of the securities may be effected from time to time in one or more transactions, including negotiated transactions:

| • |     | at a fixed price or prices, which may be changed; |

| • |     | at market prices prevailing at the time of sale; |

| • |     | at prices related to prevailing market prices; or |

| • |     | at negotiated prices. |

Any of the prices may