Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 2

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 2
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 99.017 | % |
|:--------------|:----|:----------|------------:|:--|:----|:-------------|----------:|:--|:----|:------------|------------:|:--|
| Total         |     | $         | 597,852,000 |   |     | $            | 3,750,000 |   |     | $           | 594,102,000 |   |
| Per 2037 note |     |           |      99.187 | % |     |              |     0.675 | % |     |             |      98.512 | % |
| Total         |     | $         | 694,309,000 |   |     | $            | 4,725,000 |   |     | $           | 689,584,000 |   |

| (1) | Plus accrued interest from August 27, 2025, if settlement occurs after that date. |

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense. No gaming or regulatory agency has approved or disapproved of these securities, or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense. We expect delivery of the notes will be made to investors in book-entry form through The Depository Trust Company on or about August 27, 2025. Joint Book-Running Managers

| Wells Fargo Securities |     | Citizens Capital Markets |     | Fifth Third Securities |     | Truist Securities |

| M&T Securities |     | Mizuho |     | SMBC Nikko |     | US Bancorp |

| BofA Securities |     | J.P. Morgan |     | KeyBanc Capital Markets |     | RBC Capital Markets |

| Barclays |     | Capital One Securities |     | Morgan Stanley |     | Scotiabank |

| Citigroup |     | Goldman Sachs & Co. LLC |

The date of this prospectus supplement is August 13, 2025.

TABLE OF CONTENTS Prospectus Supplement

|                                                |     | Page |       |
| ABOUT THIS PROSPECTUS SUPPLEMENT               |     |      | S-ii  |
| BASIS OF PRESENTATION                          |     |