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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Real estate investments, net $ 8,474,261 $ 8,148,719
Net Investment in Lease 2,557,504 2,333,114
Right-of-use assets and land rights, net 1,072,163 1,091,783
Cash and cash equivalents 224,314 462,632
Other assets 84,947 63,458
Total assets 12,909,609 13,075,949
Liabilities    
Accounts payable and accrued expenses 6,641 5,802
Accrued interest 106,253 105,752
Accrued salaries and wages 10,209 7,154
Lease liabilities 242,481 244,973
Financing lease liabilities 61,219 60,788
Long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts 7,203,731 7,735,877
Rental income 205,786 228,508
Other liabilities 65,029 41,571
Total liabilities 7,901,349 8,430,425
Commitments and Contingencies
Equity    
Preferred stock ($.01 par value, 50,000,000 shares authorized, no shares issued or outstanding at December 31, 2025 and December 31, 2024) 0 0
Common stock ($.01 par value, 500,000,000 shares authorized, 274,422,549 shares and 270,922,719 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively) 2,830 2,744
Additional paid-in capital 6,613,488 6,209,827
Accumulated deficit (1,990,770) (1,944,009)
Total equity attributable to Gaming and Leisure Properties 4,626,452 4,268,562
Non-controlling interests in GLPI's Operating Partnership (8,224,939 units outstanding at December 31, 2025 and December 31, 2024, respectively) 381,808 376,962
Total equity 5,008,260 4,645,524
Total liabilities and equity 12,909,609 $ 13,075,949
Other Ownership Interests, Units Issued   8,224,939
Real estate loans, net 247,999 $ 160,590
Net Investment in Sales Type Lease, before Allowance for Credit Loss 248,421 254,821
Short-Term Investments 0 560,832
Accumulated Other Comprehensive Income (Loss), Net of Tax $ 904 $ 0