Debt and Indebtedness - GLPI's total indebtedness was $6,175.6 million as of December 31, 2022, with $6,175.0 million in senior unsecured notes having fixed interest rates[406]. - The average interest rate for fixed-rate debt is 4.36%, with specific maturities ranging from 1.5% to 5.38%[408]. - GLPI's long-term debt decreased to $6,128.5 million in 2022 from $6,552.4 million in 2021[427]. - GLPI's ability to refinance its debt may be limited by rising interest rates, which could increase financing costs for acquisitions[406]. - The Company entered into a $600 million Term Loan Credit Facility on September 2, 2022, with a maturity date of September 2, 2027, to finance the acquisition of specified properties[548]. - At December 31, 2022, the Company had an outstanding balance of $6,175.0 million of senior unsecured notes[562]. - The Company recorded a debt extinguishment loss of $2.2 million in connection with the termination of its Amended Credit Facility[555]. - At December 31, 2022, the Company had $1,749.6 million of available borrowing capacity under the Credit Agreement[559]. Financial Performance - Total revenues for the year ended December 31, 2022, were $1,311,685,000, an increase of 7.8% from $1,216,351,000 in 2021[431]. - Net income for 2022 was $703,285,000, representing a 31.7% increase compared to $534,086,000 in 2021[431]. - Basic earnings per common share increased to $2.71 in 2022 from $2.27 in 2021, reflecting a growth of 19.4%[431]. - Total operating expenses decreased to $281,770,000 in 2022 from $374,583,000 in 2021, a reduction of 24.8%[431]. - Net cash provided by operating activities for 2022 was $920,126,000, up from $803,778,000 in 2021, indicating a growth of 14.5%[437]. - The company paid dividends totaling $770,858,000 in 2022, compared to $633,901,000 in 2021, marking an increase of 21.6%[437]. - The company incurred interest expenses of $309,291,000 in 2022, an increase from $283,037,000 in 2021, reflecting a rise of 9.3%[431]. Assets and Investments - Total assets increased to $10,930.4 million in 2022 from $10,690.4 million in 2021, primarily driven by real estate investments and financing receivables[427]. - The investment in leases, financing receivables, net rose to $1,903.2 million in 2022, up from $1,201.7 million in 2021[427]. - The Company's total real estate investments as of December 31, 2022, amounted to $9,626.0 million, an increase from $9,458.9 million in 2021[507]. - The Company reported a total of 260,727,030 common shares outstanding as of December 31, 2022, an increase from 247,206,937 shares in 2021[434]. - The fair value of the Company's investment in leases, financing receivables, net, was approximately $1.901 billion as of December 31, 2022, compared to $1.214 billion in 2021[544]. Real Estate Operations - As of December 31, 2022, GLPI's portfolio consisted of interests in 57 gaming and related facilities, with properties 100% occupied and totaling approximately 27.8 million square feet[442]. - The Company acquired real estate assets from Tropicana for an aggregate cash purchase price of $964.0 million, which included properties such as Tropicana Atlantic City and Tropicana Evansville[447]. - The Company completed the acquisition of Bally's three Black Hawk Casinos and Quad Cities Casino & Hotel for $150 million, increasing the initial rent by $12.0 million annually[455]. - The Company completed the acquisition of Bally's Hard Rock Hotel & Casino and Bally's Tiverton Casino & Hotel for a total consideration of $635.0 million, increasing the initial annual rent by $48.5 million[456]. - The Company agreed to acquire real property assets of Live! Casino & Hotel Maryland and Live! Casino & Hotel Philadelphia for approximately $1.81 billion, with annual rents of $75.0 million and $50.0 million respectively[465]. - The Company monitors real estate investments for impairment, considering factors such as tenant payment status and financial stability[470]. Lease Agreements - The PENN Master Lease, a triple-net operating lease, has a term expiring on October 31, 2033, with no purchase option and three remaining 5-year renewal options[444]. - The Amended and Restated Caesars Master Lease was modified to extend the initial term to 20 years, with fixed escalations and an increase in annual land base rent to approximately $23.6 million[450]. - The Horseshoe St. Louis Lease has an initial term expiring on October 31, 2033, with rent terms adjusted to include fixed annual escalators[452]. - The Bally's Master Lease was established with an initial term of 15 years, following the reacquisition of real property assets for approximately $340.0 million[453]. - The Maryland Live! Lease and Pennsylvania Live! Master Lease have initial terms of 39 years, with a 1.75% fixed yearly escalator starting on the second anniversary[465]. - The initial rent under the Casino Queen Master Lease is $21.4 million, increasing by 0.5% annually for the first six years, with adjustments based on CPI thereafter[585]. - The total lease cost for the year ended December 31, 2022, was $49.093 million, an increase of approximately 27.2% from $38.597 million in 2021[536]. Credit Losses and Allowances - The Company follows ASC 326 to measure and record current expected credit losses (CECL) for investments in leases and real estate loans, with no allowances recorded against real estate loans for expected losses[489]. - The CECL allowance is updated quarterly and recorded as a reduction to net investments in leases, impacting the Consolidated Statement of Income[492]. - The allowance for credit losses for the Company's financing receivables was $19.1 million as of December 31, 2022, with a significant portion attributed to the Pennsylvania Live! Master Lease[525]. - The Company recorded an initial allowance for credit losses of $32.3 million on the Pennsylvania Live! Master Lease, which was originated on March 1, 2022[526]. Tax and Compliance - The Company has no uncertain tax positions for the three years ended December 31, 2022, and recognized no penalties and interest related to income taxes during this period[499][500]. - The Company must distribute at least 90% of its annual REIT taxable income to qualify as a REIT, avoiding federal, state, and local income tax on distributed income[501]. - At December 31, 2022, the Company was in compliance with all required financial covenants under its Senior Notes[569]. - The Amended Credit Facility includes financial covenants measured quarterly on a trailing four-quarter basis, including maximum total debt to total asset value ratio[561].

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Peter Carlino - Chairman and CEO Brandon Moore - EVP, General Counsel, and Secretary Desiree Burke - SVP, Chief Accounting Officer, and Treasurer Steve Ladany - SVP and Chief Development Officer Matthew Demchyk - SVP and Chief Investment Officer Conference Call Participants Neil Malkin - Capital One Securities Barry Jonas - Truist Securities Gr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended September 30, 2022 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 other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) FORM 10-Q (Mark One ...

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q2 2022 Earnings Conference Call July 29, 2022 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 Brandon Moore - Executive Vice President, General Counsel, and Secretary Steve Ladany - Senior Vice President, Chief Development Officer Matthew Demchyk - Senior Vice President, Chief Investment Officer Conference Cal ...

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, 2022 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 2022 Earnings Conference Call April 29, 2022 10:00 AM ET Company Representatives Peter Carlino - Chairman, Chief Executive Officer Desiree Burke - Senior Vice President, Chief Accounting Officer, Treasurer Brandon Moore - Executive Vice President, General Counsel, Secretary Steve Ladany - Senior Vice President, Chief Development Officer Matthew Demchyk - Senior Vice President, Chief Investment Officer Joe Jaffoni - Investor Relations Conference Call Parti ...

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, 2022 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 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 ...