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Real Estate Investments (Details) - USD ($) | Dec. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Real estate investments |  |
Total real estate investments | $ 11,173,033,000 | $ 10,585,461,000
Construction in Progress, Gross | 230,831,000 | 39,542,000
Less accumulated depreciation | (2,698,772,000) | (2,436,742,000)
Real estate investments, net | 8,474,261,000 | 8,148,719,000
Joliet, Illinois | PENN Entertainment New Master Lease |  |
Real estate investments |  |
Operating Lease, Funding Commitment, Funded | 130,000,000 |
Henderson, Nevada | PENN Entertainment New Master Lease |  |
Real estate investments |  |
Operating Lease, Funding Commitment, Maximum | 150,000,000 |
Land and improvements |  |
Real estate investments |  |
Total real estate investments | 3,588,793,000 | 3,583,793,000
Building and improvements |  |
Real estate investments |  |
Total real estate investments | $ 7,353,409,000 | $ 6,962,126,000

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- Definition Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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