Company: GLPI
Filing Date: 2025-05-02
Form Type: 424B5
Source: 0001193125-25-111614
Chunk: 39

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-05-02
Form: 424B5
Chunk 39
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 health crisis, including its effect on the ability or desire                                                                          
 of people to gather in large groups (including in casinos), which could impact our financial results, operations, outlooks, plans, goals, growth, cash flows, liquidity, and stock price; |

| • |     | our ability to maintain our status as a real estate investment trust (“REIT”), given the highly                                                                                                                                     
 technical and complex Internal Revenue Code of 1986, as amended (the “Code”) provisions for which only limited judicial and administrative authorities exist, where even a technical or inadvertent violation could jeopardize REIT 
 qualification and where requirements may depend in part on the actions of third parties over which the Company has no control or only limited influence;                                                                            |

| • |     | the satisfaction of certain asset, income, organizational, distribution, shareholder ownership and other 
 requirements on a continuing basis in order for the Company to maintain its REIT status;                 |

| • |     | the ability and willingness of our tenants and other third parties to meet and/or perform their obligations under 
 their respective contractual arrangements with us, including lease and note requirements and in                   |

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| some cases, their obligations to indemnify, defend and hold us harmless from and against various claims, litigation and liabilities; |

| • |     | the ability of our tenants to comply with laws, rules and regulations in the operation of our properties, to 
 deliver high quality services, to attract and retain qualified personnel and to attract customers;           |

| • |     | the ability to generate sufficient cash flows to service and comply with financial covenants under our 
 outstanding indebtedness;                                                                              |

| • |     | our ability to access capital through debt and equity markets in amounts and at rates and costs acceptable to                                        
 GLPI, including for the satisfaction of our funding commitments to the extent drawn by our partners, acquisitions or refinancings due to maturities; |

| • |     | the ability of our tenants to decline our funding commitments by seeking alternative financing solutions and/or                                             
 if our tenants do elect to utilize our funding commitments, the amounts drawn and the timing of these draws may be different than what the Company assumed; |

| • |     | adverse changes in our credit rating; |

| • |     | the availability of qualified personnel and our ability to retain our key management personnel; |

| • |     | changes in the U.S. tax law and other federal, state or local laws, whether or not specific to real estate, REITs