Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 130

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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 Months Ended September 30, 2025202420252024 (in thousands, except per share data)Calculation of basic EPS:    Net income attributable to common shareholders$241,191 $184,694 $557,814 $567,408 Less: Net income allocated to participating securities(210)(124)(572)(300)Net income for earnings per share purposes$240,981 $184,570 $557,242 $567,108 Weighted-average common shares outstanding283,008 273,788 278,454 272,265 Basic EPS$0.85 $0.67 $2.00 $2.08 Calculation of diluted EPS:    Net income attributable to common shareholders$241,191 $184,694 $557,814 $567,408 Diluted weighted-average common shares outstanding 283,355 274,798 278,683 272,851 Diluted EPS $0.85 $0.67 $2.00 $2.08 Antidilutive securities excluded from the computation of diluted earnings per share53 33 54 93 

(1)  During the three and nine months ended September 30, 2025, these awards which are participating securities were accounted for under the two class method and excluded from diluted shares as they are a separate class.  

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12.    Equity

Common stock issuanceOn May 2, 2025, the Company entered into a new continuous equity offering program under which the Company may sell up to an aggregate of $1.25 billion of its common stock from time to time through a sales agent in "at the market" offerings (the "2025 ATM Program"). The issuance of securities through the 2025 ATM Program will depend on a variety of factors, including market conditions, the trading price of the Company's common stock and determinations of the appropriate sources of funding. The Company may sell the shares in amounts and at times to be determined by the Company, but has no obligation to sell any of the shares in the 2025 ATM Program. The 2025 ATM Program also allows the Company to enter into forward sale agreements. In no event will the aggregate number of shares sold under the 2025 ATM Program (whether under any forward sale agreement or through a sales agent), have an aggregate sales price in excess of $1