Company: GLPI
Filing Date: 2025-05-02
Form Type: 424B5
Source: 0001193125-25-111614
Chunk: 14

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-05-02
Form: 424B5
Chunk 14
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 our financial condition, results of operations, business and prospects. The trading price of our common stock could decline due to any of these risks and you may lose all or a part of your investment. Risks Related to Our Common Stock The market price of our common stock may be volatile, and holders of our common stock could lose a significant portion of their investment if the market price of our common stock declines. The market price of our common stock may be volatile, and shareholders may not be able to resell their shares of common stock at or above the price at which they acquired the common stock due to fluctuations in its market price, including changes in price caused by factors unrelated to our performance or prospects. Specific factors that may have a significant effect on the market price for our common stock include, among others, the following:

| • |     | changes in stock market analyst recommendations or earnings estimates regarding our common stock or other 
 comparable REITs;                                                                                         |

| • |     | actual or anticipated fluctuations in our revenue stream or future prospects; |

| • |     | strategic actions taken by us or our competitors, such as acquisitions; |

| • |     | our failure to close pending acquisitions; |

| • |     | our failure to achieve the perceived benefits of our acquisitions, including financial results, as rapidly as or 
 to the extent anticipated by financial or industry analysts;                                                     |

| • |     | new laws or regulations or new interpretations of existing laws or regulations applicable to our business and 
 operations or the gaming industry;                                                                            |

| • |     | changes in tax or accounting standards, policies, guidance, interpretations or principles; |

| • |     | changes in the interest rate environment and/or the impact of rising inflation; |

| • |     | adverse conditions in the financial markets or general U.S. or international economic conditions, including those 
 resulting from war, incidents of terrorism and responses to such events; and                                      |

| • |     | sales of our common stock by members of our management team or other significant shareholders. |

The issuance of any additional stock in the future will dilute all other shareholdings. We may issue additional shares of common stock in the future in connection with raising capital, acquisitions, strategic transactions, repaying outstanding debt or for other purposes. Subject to certain volume limitations imposed by Nasdaq, we may issue all of these shares without any action or approval by our shareholders. Any S-5

shares issued either in connection with the foregoing activities, the exercise of stock options, equity awards