Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 156

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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 dispositions of property, net of tax— (3,790)(125)(3,790)Real estate depreciation66,985 64,289 200,263 193,943 Funds from operations$315,466 $250,599 $775,138 $774,191 Straight-line rent and deferred rent adjustments (5,390)(14,682)(20,235)(46,262)Other depreciation488 482 1,457 1,450 Provision (benefit) for credit losses, net(37,363)27,686 55,611 47,194 Amortization of land rights4,270 3,276 12,810 9,828 Amortization of debt issuance costs, bond premiums and original issuance discounts3,425 2,803 9,884 8,172 Stock based compensation1,551 5,463 16,565 19,010 Losses on debt extinguishment3,783 — 3,783 — Severance charges6,320 — 6,320 — Accretion on investment in leases, financing receivables(6,991)(7,093)(20,753)(21,753)Non-cash adjustment to financing lease liabilities112 112 317 358 Capitalized interest(3,652)(857)(10,668)(857)Capital maintenance expenditures— 453 (157)(99)Adjusted funds from operations$282,019 $268,242 $830,072 $791,232 Interest, net 83,552 80,047 255,277 234,697 Income tax expense 560 515 1,669 1,564 Capital maintenance expenditures— (453)157 99 Amortization of debt issuance costs, bond premiums and original issuance discounts(3,425)(2,803)(9,884)(8,172)Capitalized interest 3,652 857 10,668 857 Adjusted EBITDA$366,358 $346,405 $1,087,959 $1,020,277             

Net income, FFO, AFFO and Adjusted EBITDA were $248.5 million, $315.5 million, $282.0 million, and $366.4 million for the three months ended September 30, 2025, respectively.