Company: GLPI
Filing Date: 2025-05-02
Form Type: 424B5
Source: 0001193125-25-111614
Chunk: 0

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-05-02
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-286909

PROSPECTUS SUPPLEMENT

(To Prospectus dated May 1,
2025)

$1,250,000,000

Common Stock

We have entered into an ATM equity offering sales agreement (as it may be further amended from time to time) (the “Sales Agreement”) with BofA
Securities, Inc., Barclays Capital Inc., BTIG, LLC, Capital One Securities, Inc., Citigroup Global Markets Corp., Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, Jefferies LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC,
Morgan Stanley & Co. LLC, Raymond James & Associates, Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, each as sales agent, principal and/or forward seller, as
applicable, Nomura Securities International, Inc. (acting through BTIG, LLC as its agent), as forward seller to Nomura Global Financial Products, Inc., its relevant Forward Purchaser (as defined below) and StoneX Financial Inc., as forward seller to
StoneX Financial Inc., its relevant Forward Purchaser (each a “Sales Agent,” and collectively, the “Sales Agents”), and the Forward Purchasers (as defined below), relating to the issuance, offer and sale of shares of our common
stock, par value $.01 per share (“common stock”), pursuant to this prospectus supplement and the accompanying prospectus. We refer to the Sales Agents, when acting in their capacity as sales agents, individually as a “Sales
Agent” and collectively as “Sales Agents”, and, if applicable, when acting in their capacity as agents for Forward Purchasers, individually as a “Forward Seller” and collectively as “Forward Sellers”. In accordance
with the terms of the Sales Agreement, we may offer and sell up to $1,250,000,000 aggregate gross sales price of our common stock from time to time through the Sales Agents, as our sales agents, or, if applicable, as Forward Sellers, or directly to
one or more of the Sales Agents, acting as principal.

The Sales Agreement provides that, in addition to the issuance and sale of shares of our common
stock by us to or through the Sales Agents, we also may enter into one or more forward sale agreements (each, a “forward sale agreement,” and collectively,