Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 124

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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 the calculation of basic and diluted EPS for the Company’s common stock for the three and six months ended June 30, 2025 and 2024:          Three Months Ended June 30,Six Months Ended June 30, 2025202420252024 (in thousands, except per share data)Calculation of basic EPS:    Net income attributable to common shareholders$151,439 $208,250 $316,623 $382,714 Less: Net income allocated to participating securities(192)(103)(380)(174)Net income for earnings per share purposes$151,247 $208,147 $316,243 $382,540 Weighted-average common shares outstanding277,438 271,501 276,140 271,496 Basic EPS$0.55 $0.77 $1.15 $1.41 Calculation of diluted EPS:    Net income attributable to common shareholders$151,439 $208,250 $316,623 $382,714 Diluted weighted-average common shares outstanding 277,677 272,065 276,361 272,042 Diluted EPS $0.54 $0.77 $1.14 $1.41 Antidilutive securities excluded from the computation of diluted earnings per share137 90 139 106 

(1)  During the three and six months ended June 30, 2025, these awards which are participating securities were accounted for under the two class method and excluded from diluted shares as they are a separate class.  

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12.    Equity

Common stock issuanceOn May 2, 2025, the Company entered into a new continuous equity offering program under which the Company may sell up to an aggregate of $1.25 billion of its common stock from time to time through a sales agent in "at the market" offerings (the "2025 ATM Program"). Actual sales will depend on a variety of factors, including market conditions, the trading price of the Company's common stock and determinations of the appropriate sources of funding. The Company may sell the shares in amounts and at times to be determined by the Company, but has no obligation to sell any of the shares in the 2025 ATM Program. The 2025 ATM Program also allows the Company to enter into forward sale agreements. In no event will the aggregate