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, 2020 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 4 ...

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q4 2019 Earnings Conference Call February 21, 2020 10:00 AM ET Corporate Participants Joe Jaffoni - JCIR Peter Carlino - Chairman and Chief Executive Officer Steve Snyder - Senior Vice President and Chief Financial Officer Matt Demchyk - Senior Vice President, Investments Steve Ladany - Senior Vice President, Finance Brandon Moore - Senior Vice President, General Counsel and Secretary Conference Call participants Greg McGuinness - Scotiabank Joe Greff - JPMo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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 46-21 ...

Gaming and Leisure Properties Inc (NASDAQ:GLPI) Q3 2019 Results Earnings Conference Call November 1, 2019 9:00 AM ET Company Participants Joe Jaffoni - JCIR Peter Carlino - Chairman and Chief Executive Officer Steve Snyder - Senior Vice President and Chief Financial Officer Matthew Demchyk - Senior Vice President of Investments Steve Ladany - Senior Vice President of Finance Conference Call Participants Carlo Santarelli - Deutsche Bank Greg McGinniss - Scotiabank Thomas Allen - Morgan Stanley Jordan Bende ...

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, 2019 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) Pennsylvan ...

Financial Data and Key Metrics Changes - The company reported record net income from real estate of nearly $256 million for the quarter, exceeding previously issued EBITDA and AFFO guidance [8][19][20]. Business Line Data and Key Metrics Changes - The Penn master lease saw operations cease at the Tunica resorts facility, leading to accelerated depreciation and amortization, but this will not impact lease income [9]. - The Boyd master lease realized the full escalator as of its anniversary date, indicating strong performance [13]. - Casino Queen's coverages deteriorated, but management is optimistic about improved operating performance in the current quarter [15][16]. Market Data and Key Metrics Changes - The Illinois gaming expansion is viewed as a net positive for Casino Queen, which will benefit from new opportunities such as sports betting [14][63]. - The company is monitoring the impact of new competitors in Atlantic City on the performance of assets under the Eldorado master lease [12]. Company Strategy and Development Direction - The company continues to evaluate potentially accretive transactions to enhance its portfolio of 46 properties [7]. - Management is focused on maintaining a strong balance sheet, with 85% of debt as fixed rate and gross leverage at 5.62 times [19]. - The company is actively looking for modest transactions that can drive growth, particularly in light of the Caesars and Eldorado merger [24][25]. Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the operating environment in Illinois, citing instability and uncertainty about how new gaming facilities will impact existing operations [64]. - There is optimism about the potential for short-term benefits from sports betting while acknowledging that operators may bear the brunt of long-term impacts from increased supply [69]. Other Important Information - The company has tightened its guidance range based on tenant performance, with the potential for escalators in the Penn master lease being a key factor [20]. - The secured loan related to Casino Queen has been sold to a strategic investor, which may positively impact performance [16]. Q&A Session Summary Question: What does the acquisition pipeline look like? - Management is closely monitoring the market for potential acquisition opportunities arising from the Caesars and Eldorado merger, while also looking at smaller transactions [24][25]. Question: How long does the company plan to operate TRS properties? - The company prefers to maintain its involvement in operations but is open to opportunities for multi-property transactions [26]. Question: How does the company view the mix of its portfolio? - Management acknowledges the volatility of Las Vegas Strip properties compared to regional properties and is cautious about underwriting such assets [31][32]. Question: What is the outlook for Casino Queen? - Management is optimistic about recovering some loan rolled off last quarter, but it remains uncertain [40]. Question: How does the company view the Illinois gaming expansion? - Management sees it as a net positive for Casino Queen but expresses concerns about the overall impact on the operating environment [63][64]. Question: What are the thoughts on potential M&A activity? - Management is focused on creating its own value rather than pursuing M&A with other REITs at this time [44]. Question: How does the company manage its balance sheet in the current interest rate environment? - The company is actively monitoring interest rates and considering options for refinancing to lock in lower rates [82].

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, 2019 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 & Leisure Properties, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 46-2 ...

G A M I N G & L E I S U R E PROPERTIES, Inc Investor Presentation May 2019 Forward Looking Statements Company Overview Certain statements contained in this presentation may constitute "forward-looking statements" within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amen ...

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q1 2019 Results Earnings Conference Call May 7, 2019 9:00 AM ET Company Participants Joe Jaffoni - Investor Relations Matthew Demchyk - Senior Vice President of Investments Peter Carlino - Chairman, Chief Executive Officer Steven Snyder - Senior Vice President of Development, Interim Chief Financial Officer Steve Ladany - VP Finance Conference Call Participants Carlo Santarelli - Deutsche Bank Robin Farley - UBS David Katz - Jefferies Barry Jonas - SunTrust ...

OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 ¨ 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 & Leisure Properties, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 46 ...