Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 159

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 159
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 of $1.0 million on its Investment in leases and unfavorable straight-line rent adjustments of $26.0 million compared to the corresponding period in the prior year.

52

Details of the Company's income from real estate for the three and nine months ended September 30, 2025 was as follows (in thousands)

Three Months Ended September 30, 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 $10,758 $6,502 $— $71,412 $4,952 $595 $— $76,959 PENN 2023 Master Lease61,476 — 70 — 61,546 4,852 — — 66,398 Amended Pinnacle Master Lease61,482 17,814 8,122 — 87,418 1,858 2,218 — 91,494 PENN Morgantown Lease— 796 — — 796 — — — 796 Caesars Master Lease16,302 5,932 — — 22,234 1,916 330 — 24,480 Horseshoe St. Louis Lease5,991 — — — 5,991 325 — — 6,316 Boyd Master Lease20,879 2,946 3,047 — 26,872 (2,364)432 — 24,940 Boyd Belterra Lease738 473 500 — 1,711 (377)— — 1,334 Bally's Master Lease26,939 — — — 26,939 — 2,541 — 29,480 Bally's Master Lease II15,265 — — — 15,265 (67)891 — 16,089 Maryland Live! Lease19,412 — — — 19,412 — 2,129 3,395 24,936 Pennsylvania Live! Master Lease12,942 — — — 12,942 — 309 2,184 15