Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q4 2021 Earnings Conference Call February 25, 2022 8:00 AM ET Company Participants Peter Carlino – Chairman & Chief Executive Officer Desiree Burke – Senior Vice President & Chief Accounting Officer & Treasurer Matthew Demchyk – Senior Vice President & Chief Investment Officer Steve Ladany – Senior Vice President & Chief Development Officer Brandon Moore – Executive Vice President and General Counsel Joe Jaffoni – Investor Relations Conference Call Participa ...

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q3 2021 Earnings Conference Call October 29, 2021 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman & Chief Executive Officer Desiree Burke - Senior Vice President & Chief Accounting Officer & Treasurer Matthew Demchyk - Senior Vice President & Chief Investment Officer Steve Ladany - Senior Vice President & Chief Development Officer Conference Call Participants Ravi Vaidya - KeyBanc Capital Markets Barry Jonas - Truis ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) ☐ 1934 For the tran ...

Financial Data and Key Metrics Changes - The second quarter results showed an increase in income from real estate by $22 million compared to the prior year, primarily due to higher percentage rent from Penn's Master Lease [13][14] - The REIT segment experienced an increase in expenses of $6.4 million compared to the second quarter of 2020, mainly due to non-cash items such as land rights and ground lease expense [15] - The TRS segment reported net revenues and adjusted EBITDA exceeding prior year levels by $33.7 million and $14.3 million respectively [16] Business Line Data and Key Metrics Changes - Rental income from the new Bally's lease was $3.1 million, and an increase related to Casino Queen was $3.4 million due to a full quarter of rent collection in 2021 [14] - The anticipated full escalator on the Penn Master Lease effective November 1st will increase annualized rent by $5.6 million [16] Market Data and Key Metrics Changes - The company noted that regional gaming real estate is increasingly attractive compared to other investment opportunities, especially as institutional capital seeks safe and durable incomes [23] Company Strategy and Development Direction - The company aims to enhance its growth profile and long-term intrinsic value per share by focusing on prudent capital deployment [21] - There is an ongoing exploration of opportunities outside of gaming, although the company remains cautious and focused on its core regional gaming assets [102] Management's Comments on Operating Environment and Future Outlook - Management expressed surprise at the strong recovery in the gaming industry, with many properties hitting record top-line numbers despite occupancy limits [54][56] - The company anticipates that the operational strength and stronger tenant base will translate to greater value for its portfolio and shareholders [22] Other Important Information - The company raised over $70 million through its at-the-market equity issuance program, indicating a strong balance sheet [19] - Management has decided not to pursue a CFO search at this time, as the current team is effectively managing operations [36][108] Q&A Session Summary Question: Expectations for achieving rent escalators with other leases - Management expects to achieve escalators primarily with the Penn lease, while the Meadows lease remains uncertain due to performance [27] Question: Interest in regional assets from institutional capital - There is a moat in limited license states that makes it less direct for capital to enter, but the company believes capital will find the best risk-adjusted returns [29] Question: Update on discussions with Bally's - The company maintains a strong relationship with Bally's and continues discussions for potential future transactions [35] Question: Update on CFO search - Management has abandoned the CFO search as the current team is effectively handling responsibilities [36] Question: G&A related to TRS assets - G&A expenses related to TRS assets are expected to be split evenly, with half remaining until the sale of Baton Rouge [44] Question: Strength of regional markets post-pandemic - Management noted that the entire industry has shown surprising strength, with many properties achieving record numbers [54] Question: Expansion into non-gaming experiential real estate - The company is open to exploring non-gaming investments but remains cautious due to the strength of its current gaming category [58] Question: Will operators move to an asset-light model? - There is a cautious approach among operators, but recognition of the value that REITs bring is increasing [65] Question: Impact of rising COVID cases on discussions - Currently, there is no influence from rising COVID cases on discussions or timelines [70] Question: Cap rate compression and institutional capital - The company is well-positioned to benefit from cap rate compression while continuing to source attractive deals [76] Question: Opportunities for funding expansions with current tenants - Management is hopeful for significant expansions with tenants over the next 12 months [86] Question: Profitability sustainability post-pandemic - Management expects that about half of the profitability gains will be retained long-term [117]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to Commission File Number: 001-36124 Gaming and Leisure Properties, Inc. (Exact name of registrant as specified in its charter) (State or oth ...

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q1 2021 Earnings Conference Call April 30, 2021 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman and Chief Executive Officer Desiree Burke - Senior Vice President, Chief Accounting Officer and Treasurer Matthew Demchyk - Senior Vice President and Chief Investment Officer Steve Ladany - Senior Vice President and Chief Development Officer Brandon Moore - Executive Vice President, General Counsel and Secretary Conferenc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36124 Gaming and Leisure Properties, Inc. (Exact name of registrant as specified in its charter) Pennsylvania ...

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q4 2020 Earnings Conference Call February 19, 2021 9:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman & Chief Executive Officer Desiree Burke - Senior Vice President, Chief Accounting Officer & Treasurer Matthew Demchyk - Senior Vice President & Chief Investment Officer Brandon Moore - Executive Vice President, General Counsel & Secretary Steve Ladany - Senior Vice President and Chief Development Officer Conference Cal ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Wyomissing, PA 19610 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 610 401-2900 Securities registered pursuant to Sect ...

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q3 2020 Earnings Conference Call October 28, 2020 8:30 AM ET Company Participants Peter Carlino - Chairman and CEO Steve Ladany - SVP, Finance Desiree Burke - SVP and CAO Brandon Moore - SVP, General Counsel and Secretary Matthew Demchyk - SVP of Investments Joe Jaffoni - IR Conference Call Participants Dan Politzer - JPMorgan Barry Jonas - Truist Securities Carlo Santarellis - Deutsche Bank Nick Yulico - Scotiabank Spencer Allaway - Green Street Advisors Ja ...