Company: GLPI
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001575965-25-000017
Chunk: 133

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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330 — 24,480 Horseshoe St. Louis Lease5,918 — — — 5,918 399 — — 6,317 Boyd Master Lease20,068 2,946 2,566 — 25,580 574 432 — 26,586 Boyd Belterra Lease709 473 472 — 1,654 151 — — 1,805 Bally's Master Lease25,893 — — — 25,893 — 2,689 — 28,582 Maryland Live! Lease19,078 — — — 19,078 — 2,160 4,529 25,767 Pennsylvania Live! Master Lease12,573 — — — 12,573 — 311 2,273 15,157 Casino Queen Master Lease7,905 — — — 7,905 38 — — 7,943 Tropicana Las Vegas Lease— 2,678 — — 2,678 — — — 2,678 Rockford Lease— 2,000 — — 2,000 — — 498 2,498 Rockford Loan— — — 1,077 1,077 — — — 1,077 Tioga Lease2,212 — — — 2,212 — 1 584 2,797 Total$282,658 $43,386 $16,614 $1,077 $343,735 $15,790 $8,555 $7,884 $375,964 

In accordance with ASC 842, the Company records revenue for the ground lease rent paid by its tenants with an offsetting expense in land rights and ground lease expense within the condensed consolidated statements of income as the Company has concluded that as the lessee it is the primary obligor under the ground leases. The Company subleases these ground leases back to its tenants, who are responsible for payment directly to the landlord. 

The Company recognizes earnings on Investment in leases, financing receivables and Investment in leases, sales type based on the effective yield method using the discount rate implicit in the leases.  The amounts in the table above labeled accretion