Company: GLPI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001575965-25-000008
Chunk: 143

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 143
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 274,422,549  and  270,922,719 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively)2,744 2,709 Additional paid-in capital6,209,827 6,052,109 Accumulated deficit(1,944,009)(1,897,913)Total equity attributable to Gaming and Leisure Properties4,268,562 4,156,905 Non-controlling interests in GLPI's Operating Partnership (8,224,939 units and 7,653,326 units outstanding at December 31, 2024 and December 31, 2023, respectively376,962 352,049 Total equity4,645,524 4,508,954 Total liabilities and equity $13,075,949 $11,806,658 

See accompanying Notes to the Consolidated Financial Statements.

71

Table of Contents

Gaming and Leisure Properties, Inc. and Subsidiaries

Consolidated Statements of Income

(in thousands, except per share data)

Year ended December 31,202420232022Revenues  Rental income$1,330,620 $1,286,358 $1,173,376 Income from investment in leases, financing receivables185,430 152,990 138,309 Income from sales type lease5,004 — — Interest income from real estate loans10,492 1,044 — Total income from real estate1,531,546 1,440,392 1,311,685 Operating expenses   Land rights and ground lease expense47,674 48,116 49,048 General and administrative59,571 56,450 51,319 Gains from dispositions of property(3,790)(22)(67,481)Property transfer tax recovery and impairment charge— (2,187)3,298 Depreciation260,152 262,870 238,688 Provision for credit losses, net37,254 6,461 6,898 Total operating expenses400,861 371,688 281,770 Income from operations1,130,685 1,068,704 1,029,915 Other income (expenses)   Interest expense(366,897)(323,388)(309,291)Interest income45,989