GLPI Files Q3 2024 10-Q
Ticker: GLPI · Form: 10-Q · Filed: Oct 24, 2024 · CIK: 1575965
| Field | Detail |
|---|---|
| Company | Gaming & Leisure Properties, Inc. (GLPI) |
| Form Type | 10-Q |
| Filed Date | Oct 24, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, real estate, REIT
TL;DR
**GLPI Q3 2024 10-Q FILED: Financials and operations update.**
AI Summary
Gaming & Leisure Properties, Inc. (GLPI) filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and disclosures relevant to investors are presented, reflecting the company's real estate investment trust activities.
Why It Matters
This filing provides investors with the latest financial results and operational details for Gaming & Leisure Properties, Inc., crucial for understanding the company's performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial and operational updates, not indicating any immediate or significant new risks.
Key Players & Entities
- Gaming & Leisure Properties, Inc. (company) — Filer of the 10-Q
- 0001575965-24-000034 (other) — Accession Number for the filing
- 20240930 (date) — Conformed period of report
- 20241024 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 24, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0001575965.
What is the Standard Industrial Classification (SIC) code for Gaming & Leisure Properties, Inc.?
The SIC code is 6798, which corresponds to Real Estate Investment Trusts.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 4,618 words · 18 min read · ~15 pages · Grade level 18.2 · Accepted 2024-10-24 16:31:02
Key Financial Figures
- $0.25 — pecial earnings and profits dividend of $0.25 per share in the first quarter of 2023
Filing Documents
- glpi-20240930.htm (10-Q) — 1784KB
- glpi-2024930ex221.htm (EX-22.1) — 4KB
- glpi-2024930exhibit311.htm (EX-31.1) — 14KB
- glpi-2024930exhibit312.htm (EX-31.2) — 14KB
- glpi-2024930exhibit321.htm (EX-32.1) — 6KB
- glpi-2024930exhibit322.htm (EX-32.2) — 6KB
- 0001575965-24-000034.txt ( ) — 10459KB
- glpi-20240930.xsd (EX-101.SCH) — 99KB
- glpi-20240930_cal.xml (EX-101.CAL) — 95KB
- glpi-20240930_def.xml (EX-101.DEF) — 430KB
- glpi-20240930_lab.xml (EX-101.LAB) — 854KB
- glpi-20240930_pre.xml (EX-101.PRE) — 722KB
- glpi-20240930_htm.xml (XML) — 1326KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS 4 Condensed Consolidated Balance Sheets - September 30, 2024 and December 31, 202 3 4 Condensed Consolidated Statements of Income - Three and Ni ne Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Equity - Three and Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows - Nine Months Ended September 30, 2024 and 2023 8 Notes to the Condensed Consolidated Financial Statements 9 ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 40 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 63 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 64 PART II. OTHER INFORMATION 65 ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 65 ITEM 1A.
RISK FACTORS
RISK FACTORS 65 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 65 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 65 ITEM 4. MINE SAFETY DISCLOSURES 65 ITEM 5. OTHER INFORMATION 65 ITEM 6. EXHIBITS 67 SIGNATURE 68 3 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Gaming and Leisure Properties, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except share data) September 30, 2024 December 31, 2023 (unaudited) Assets Real estate investments, net $ 8,014,976 $ 8,168,792 Investment in leases, financing receivables, net 2,313,775 2,023,606 Investment in leases, sales-type, net 257,207 — Real estate loans, net 158,854 39,036 Right-of-use assets and land rights, net 825,367 835,524 Cash and cash equivalents 494,135 683,983 Held to maturity investment securities 554,106 — Other assets 62,577 55,717 Total assets $ 12,680,997 $ 11,806,658 Liabilities Accounts payable and accrued expenses $ 5,488 $ 7,011 Accrued interest 95,657 83,112 Accrued salaries and wages 5,174 7,452 Operating lease liabilities 196,432 196,853 Financing lease liabilities 60,673 54,261 Long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts 7,413,012 6,627,550 Deferred rental revenue 238,419 284,893 Other liabilities 41,390 36,572 Total liabilities 8,056,245 7,297,704 Commitments and Contingencies (Note 9) Equity Preferred stock ($ .01 par value, 50,000,000 shares authorized, no shares issued or outstanding at September 30, 2024 and December 31, 2023) — — Common stock ($ .01 par value, 500,000,000 shares authorized, 274,391,553 and 270,922,719 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively) 2,744 2,709 Additional paid-in capital 6,204,578 6,052,109 Accumulated deficit ( 1,952,445 ) ( 1,897,913 ) Total equity attributable to Gaming and Leisure Properties 4,254,877 4,156,905 Noncontrolling interests in GLPI's Operating Partnership ( 8,087,630 units and 7,653,326 units outstanding at September 30, 2024 and December 31, 2023, respectively) 369,875 352,049 Total equity 4,624,752 4,508,954 Total liabilities and equity $ 12,680,997 $ 11,806,658 See accompanying notes to the condense