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

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 15
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 in the notes, you should carefully consider, along with other matters included or incorporated by reference in this prospectus supplement or the accompanying prospectus, the information set forth under “Risk 
 Factors” beginning on page S-9 of this prospectus supplement and in the 2024 10-K.                                                                                                                                                         |

S-6

Summary Historical Consolidated Financial Information The following summary historical consolidated financial and operating data for the three-year period ended December 31, 2024, and the summary historical consolidated balance sheet data as of December 31, 2024 and 2023 have been derived from, and should be read together with, our audited consolidated financial statements and related notes and the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2024 10-K,which is incorporated by reference into this prospectus supplement. See “Information Incorporated by Reference”. The summary historical consolidated financial information for each of the six-monthperiods ended June 30, 2025 and 2024, respectively, and the summary historical consolidated balance sheet data as of June 30, 2025 have been derived from, and should be read together with, our unaudited consolidated financial statements and related notes and the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our Quarterly Report on Form 10-Qfor the quarter ended June 30, 2025 (“Q2 2025 10-Q”),which is incorporated by reference into this prospectus supplement. In our view, the unaudited consolidated financial statements include all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial information for the interim periods. Interim results for the six months ended, and as of, June 30, 2025 are not necessarily indicative of, and are not projections for, the results to be expected for any future period, including the fiscal year ending December 31, 2025 or any subsequent interim period.

| Income Statement Data:     |     | For the Years Ended 
 December 31,        
 2024                
 (in thousands)      |           |   |     | 2023 |           |   |     | 2022 |           |   |     | For the Six Months 
 Ended              
 June 30,           
 2025               |          |   |     | 2024 |          |   |
|:---------------------------|:----|:--------------------|----------:|:--|: