Company: GLPI
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001575965-25-000017
Chunk: 108

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 stock method.  Diluted EPS reflects the additional dilution for all potentially-dilutive securities. The effect of the conversion of the LTIP Units and OP Units to common shares is excluded from the computation of basic and diluted earnings per share because the exchange of LTIP Units and OP Units into common stock is on a one-for-one 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 with ASC 260, the Company includes all 

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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 months ended March 31, 2025 and 2024:          Three Months Ended March 31, 20252024 (in thousands)Determination of shares:  Weighted-average common shares outstanding274,827 271,490 Assumed conversion of restricted stock awards86 117 Assumed conversion of performance-based restricted stock awards327 419 Dilution attributable to equity forward contract163 — Diluted weighted-average common shares outstanding275,403 272,026 The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2025 and 2024:          Three Months Ended March 31, 20252024 (in thousands, except per share data)Calculation of basic EPS:  Net income attributable to common shareholders$165,184 $174,464 Less: Net income allocated to participating securities(148)(75)Net income for earnings per share purposes$165,036 $174,389 Weighted-average common shares outstanding274,827 271,490 Basic EPS$0.60 $0.64 Calculation of diluted EPS:  Net income attributable to common shareholders$165,184 $174,464 Diluted weighted-average common shares outstanding275,403 272,026 Diluted EPS$0.60 $0.64 Antidilutive securities excluded from the computation of diluted earnings per share8 198 

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12.    Equity

Common stock issuanceOn December