Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 52

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 basis and all net income attributable to the non-controlling interest holders are recorded as income attributable to non-controlling interests and thus is excluded from net income available to common shareholders.  In accordance 

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with ASC 260, the Company includes all performance-based restricted shares that would have vested based upon the Company’s performance at quarter-end in the calculation of diluted EPS. The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three and six months ended June 30, 2025 and 2024:          Three Months Ended June 30,Six Months Ended June 30, 2025202420252024 (in thousands)Determination of shares:    Weighted-average common shares outstanding277,438 271,501 276,140 271,496 Assumed conversion of restricted stock awards (1)120 133 103 123 Assumed conversion of performance-based restricted stock awards239 431 221 423 Dilution attributable to equity forward contract— — — — Diluted weighted-average common shares outstanding277,797 272,065 276,464 272,042 The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three and six months ended June 30, 2025 and 2024:          Three Months Ended June 30,Six Months Ended June 30, 2025202420252024 (in thousands, except per share data)Calculation of basic EPS:    Net income attributable to common shareholders$151,439 $208,250 $316,623 $382,714 Less: Net income allocated to participating securities(192)(103)(380)(174)Net income for earnings per share purposes$151,247 $208,147 $316,243 $382,540 Weighted-average common shares outstanding277,438 271,501 276,140 271,496 Basic EPS$0.55 $0.77 $1.15 $1.41 Calculation of diluted EPS:    Net income attributable to common shareholders$151,439 $208,250 $316,623 $382,714 Diluted weighted-average common shares outstanding 277,677 272,065 276,361 272,