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Lease Assets and Lease Liabilities Lease Assets and Lease Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of the Company's Right-Of-Use Asset And Land Rights, Net
Components of the Company's right-of use assets and land rights, net are detailed below (in thousands):
December 31, 2025December 31, 2024
Right-of-use assets - operating leases $242,053 $244,594 
Land rights, net830,110 847,189 
Right-of-use assets and land rights, net$1,072,163 $1,091,783 
Schedule of Land Rights, Net Land rights net, consist of the following:
December 31,
2025		December 31,
2024
(in thousands)
Land rights $948,303 $948,303 
Less accumulated amortization (118,193)(101,114)
Land rights, net$830,110 $847,189 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of December 31, 2025, estimated future amortization expense related to the Company’s land rights by fiscal year is as follows (in thousands):

Year ending December 31,
2026$17,079 
202717,079 
202817,079 
202917,079 
203017,079 
Thereafter744,715 
Total$830,110 
Schedule of Lessee, Operating Lease, Liability, Maturity
At December 31, 2025, maturities of the Company's operating lease liabilities were as follows (in thousands):

Year ending December 31,
2026$17,291 
202716,786 
202816,673 
202916,710 
203016,723 
Thereafter771,202 
Total lease payments$855,385 
Less: interest(612,904)
Present value of lease liabilities$242,481 
Components of Lease Expense
The components of lease expense were as follows:
Year Ended December 31, 2025Year Ended December 31, 2024
(in thousands)
Operating lease cost$17,251 $14,651 
Variable lease cost
21,078 19,753 
Amortization of land right assets17,079 13,270 
Total lease cost$55,408 $47,674 
Supplemental balance sheet information related to the Company's operating leases was as follows:
December 31, 2025
Weighted average remaining lease term - operating leases52.43 years
Weighted average discount rate - operating leases6.26%


Supplemental cash flow information related to the Company's operating leases was as follows:
Year Ended December 31, 2025Year Ended December 31, 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash flows from operating leases (1)
$1,666 $1,659 

(1) The Company's cash paid for operating leases is significantly less than the lease cost for the same period due to the majority of the Company's ground lease rent being paid directly to the landlords by the Company's tenants. Although GLPI expends no cash related to these leases, they are required to be grossed up in the Company's financial statements under ASC 842.
Summary of Finance Lease Maturities
At December 31, 2025, payments under the Company's financing lease liabilities were as follows (in thousands):


Year ending December 31,
2026$2,712 
20272,735 
20282,758 
20292,782 
20302,805 
Thereafter308,234 
Total lease payments$322,026 
Less: Interest(260,807)
Present value of finance lease liability$61,219