Company: GLPI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001575965-25-000008
Chunk: 142

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 142
---
 

◦Testing the mathematical accuracy of the calculations and comparing the key inputs used in the estimate to external market sources. 

◦Evaluating the significance of leased assets to tenant's operations and the Company’s historical pattern of tenant lease amendments and modifications to assess the lease term.

◦Reviewing lease agreements to examine material lease terms and provisions considered by management in their analysis.

/s/ DELOITTE & TOUCHE LLP

New York, New York

February 20, 2025 

We have served as the Company's auditor since 2016.

70

Table of Contents

Gaming and Leisure Properties, Inc. and Subsidiaries

Consolidated Balance Sheets

(in thousands, except share data) 

December 31, 2024December 31, 2023AssetsReal estate investments, net$8,148,719 $8,168,792 Investment in leases, financing receivables, net 2,333,114 2,023,606 Investment in leases, sales-type, net254,821 — Real estate loans, net160,590 39,036 Right-of-use assets and land rights, net1,091,783 835,524 Cash and cash equivalents462,632 683,983 Held to maturity investment securities 560,832 — Other assets63,458 55,717 Total assets$13,075,949 $11,806,658 LiabilitiesAccounts payable and accrued expenses$5,802 $7,011 Accrued interest105,752 83,112 Accrued salaries and wages7,154 7,452 Operating lease liabilities244,973 196,853 Financing lease liabilities60,788 54,261 Long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts7,735,877 6,627,550 Deferred rental revenue228,508 284,893 Other liabilities41,571 36,572 Total liabilities8,430,425 7,297,704 Commitments and Contingencies (Note 11)Equity Preferred stock ($.01 par value, 50,000,000  shares authorized, no shares issued or outstanding at December 31, 2024 and December 31, 2023)— — Common stock ($.01 par value, 500,000,000 shares authorized,