Company: GLPI
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001575965-25-000017
Chunk: 15

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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ITEM 1. FINANCIAL STATEMENTS

Gaming and Leisure Properties, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands, except share data)

 March 31,2025December 31,2024(unaudited)AssetsReal estate investments, net$8,097,069 $8,148,719 Investment in leases, financing receivables, net2,313,156 2,333,114 Investment in leases, sales-type, net245,661 254,821 Real estate loans, net160,793 160,590 Right-of-use assets and land rights, net1,086,839 1,091,783 Cash and cash equivalents168,875 462,632 Held to maturity investment securities— 560,832 Other assets60,128 63,458 Total assets$12,132,521 $13,075,949 LiabilitiesAccounts payable and accrued expenses$4,596 $5,802 Accrued interest73,153 105,752 Accrued salaries and wages2,229 7,154 Operating lease liabilities244,314 244,973 Financing lease liabilities60,886 60,788 Long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts6,889,064 7,735,877 Deferred rental revenue220,025 228,508 Other liabilities43,726 41,571 Total liabilities7,537,993 8,430,425 Commitments and Contingencies (Note 9)EquityPreferred stock ($.01 par value, 50,000,000 shares authorized, no shares issued or outstanding at March 31, 2025 and December 31, 2024)— — Common stock ($.01 par value, 500,000,000 shares authorized, 274,832,999 and 274,422,549 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively)2,748 2,744 Additional paid-in capital6,200,349 6,209,827 Accumulated deficit(1,987,886)(1,944,009)Total equity attributable to Gaming and Leisure Properties4,215,211 4,268,562 Noncontrolling interests in GLPI's Operating Partnership (8