Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 17

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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ITEM 1. FINANCIAL STATEMENTS

Gaming and Leisure Properties, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands, except share data)

 June 30,2025December 31,2024(unaudited)AssetsReal estate investments, net$8,054,559 $8,148,719 Investment in leases, financing receivables, net2,276,068 2,333,114 Investment in leases, sales-type, net243,393 254,821 Real estate loans, net161,168 160,590 Right-of-use assets and land rights, net1,081,933 1,091,783 Cash and cash equivalents604,164 462,632 Held to maturity investment securities— 560,832 Other assets70,783 63,458 Total assets$12,492,068 $13,075,949 LiabilitiesAccounts payable and accrued expenses$5,564 $5,802 Accrued interest93,622 105,752 Accrued salaries and wages4,427 7,154 Operating lease liabilities243,692 244,973 Financing lease liabilities60,993 60,788 Long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts6,892,308 7,735,877 Deferred rental revenue213,521 228,508 Other liabilities44,631 41,571 Total liabilities7,558,758 8,430,425 Commitments and Contingencies (Note 9)EquityPreferred stock ($.01 par value, 50,000,000 shares authorized, no shares issued or outstanding at June 30, 2025 and December 31, 2024)— — Common stock ($.01 par value, 500,000,000 shares authorized, 283,007,539 and 274,422,549 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively)2,830 2,744 Additional paid-in capital6,608,591 6,209,827 Accumulated deficit(2,057,380)(1,944,009)Accumulated other comprehensive income837 — Total equity attributable to Gaming and Leisure Properties4,554,878 4,268,562 Noncont