Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 114

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 Master Lease13,636 12,949 26,585 (1,854)24,731 3,412 28,143 Rockford Lease2,674 582 3,256 (303)2,953 259 3,212 Tioga Downs Lease— 1,579 1,579 (150)1,429 1,173 2,602 Strategic Lease— — — 856 856 (3)853 Tropicana Las Vegas Lease— — — — — 21,293 21,293 Totals$21,971 $22,204 $44,175 $(3,322)$40,853 $26,634 $67,487 

17

The amortized cost basis of the Company's investment in leases, financing receivables by year of origination is shown below as of September 30, 2025 (in thousands):Origination yearInvestment in leases, financing receivablesAllowance for credit lossesAmortized cost basis at  September 30, 2025Allowance as a percentage of outstanding financing receivable2024$298,303 $(13,032)$285,271 (4.37)%2023104,409 (8,602)95,807 (8.24)%2022720,258 (39,555)680,703 (5.49)%20211,264,965 (14,106)1,250,859 (1.12)%Total$2,387,935 $(75,295)$2,312,640 (3.15)%The amortized cost basis of the Company's investment in leases, sales type by year of origination is shown below as of September 30, 2025 (in thousands):Origination yearInvestment in leases, sales-typeAllowance for credit lossesAmortized cost basis at  September 30, 2025Allowance as a percentage of outstanding financing receivable2024$278,498 $(30,173)$248,325 (10.83)%During the three and nine months ended September 30, 2025, the Company recorded a benefit for credit losses of $34.5 million and a provision for credit losses of $47.7 million, respectively, related to investments in leases, financing receivables, and sales-type leases.