Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 151

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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 and 2024 were as follows (in thousands):

 Three Months Ended June 30, Percentage20252024VarianceVarianceRental income$339,527 $332,815 $6,712 2.0 %Income from investment in leases, financing receivables47,926 45,974 1,952 4.2 %Income from sales type leases3,762 — 3,762 N/AInterest income from real estate loans3,661 1,837 1,824 99.3 %Total income from real estate$394,876 $380,626 $14,250 3.7 %

Six Months Ended June 30,Percentage20252024VarianceVarianceRental income$679,779 $663,397 $16,382 2.5 %Income from investment in leases, financing receivables95,690 90,279 5,411 6.0 %Income from sales type leases7,522 — 7,522 N/AInterest income from real estate loans7,120 2,914 4,206 144.3 %Total income from real estate790,111 $756,590 33,521 4.4 %

Total income from real estate

•Total income from real estate increased by $14.3 million to $394.9 million for the three months ended June 30, 2025 compared to $380.6 million for the corresponding period in the prior year. The reason for the increase was primarily due to our recent acquisitions which in the aggregate increased cash rental income by $17.5 million for the three months ended June 30, 2025.  Additionally, the three months ended June 30, 2025 benefited by $4.4 million compared to the corresponding period in the prior year from escalations on our leases, favorable variable rents of $0.5 million, higher ground rent revenue of $1.1 million and higher accretion of $0.1 million.  The Company also had unfavorable straight-line rent adjustments of $9.4 million compared to the corresponding period in the prior year.

•Total income from real estate increased by $33.5 million to $790.1 million for the six months ended June 30, 2025 compared to $756.6 million for the corresponding period in the prior year. The reason for the increase was primarily