Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 56

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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's common shareholders, during the three and nine month periods ended September 30, 2024.  The Company’s net income or loss is allocated to noncontrolling interests based on the respective ownership or voting percentage in the Operating Partnership associated with such noncontrolling interests and is removed from consolidated income or loss on the Condensed Consolidated Statements of Operations in order to derive net income or loss attributable to common stockholders. The noncontrolling ownership percentage is calculated by dividing the aggregate number of LTIP Units and OP Units by the total number of units and shares outstanding.

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Accumulated Other Comprehensive Income (Loss)As discussed in Note 2, the Company had derivative instruments designated as cash flow hedges which it terminated in connection with the August 2025 issuance of Senior Notes.  The amount in other comprehensive income before reclassifications is being amortized as a reduction in interest expense over ten years, which was the life of the derivative instruments.  The amount expected to be amortized out of other comprehensive income to interest expense over the next 12 months is $0.1 million.DividendsThe following table lists the dividends declared and paid by the Company during the nine months ended September 30, 2025 and 2024:Declaration DateShareholder Record DateSecurities ClassDividend Per SharePeriod CoveredDistribution DateDividend Amount(in thousands)2025February 13, 2025March 14, 2025Common Stock$0.76First Quarter 2025March 28, 2025$208,873May 15, 2025June 13, 2025Common Stock$0.78Second Quarter 2025June 27, 2025$220,743August 28, 2025September 12, 2025Common Stock$0.78Third Quarter 2025September 26, 2025$220,7472024February 26, 2024March 15, 2024Common Stock$0.76First Quarter 2024March 29, 2024$206,340May 20, 2024June 7, 2024Common Stock$0.76Second Quarter 2024June 21, 2024$206,340August 28, 2024September 13, 2024Common Stock$0.76Third Quarter 2024September 27, 2024$208,538In addition, for the three and nine months ended September 30,