59 unchanged sentences
Consolidated Balance Sheets as of December 31, 2025 and 2024
−Removed: Consolidated Statements of Income for the years ended December 31, 2024, 2023 and 2022
+Added: Consolidated Statements of Operations and Comprehensive Income for the years ended December 31, 2025, 2024 and 2023
Consolidated Statements of Changes in Equity for the years ended December 31, 2025, 2024 and 2023
72 unchanged sentences
as successor to Wells Fargo Bank, National Association, as Trustee (Incorporated by reference to Exhibit 4.4 to the Company's current report on Form 8-K filed on August 12, 2024).
+Added: 4.16 Fifteenth Supplemental Indenture, dated as of August 27, 2025, among GLP Capital, L.P.
+Added: and GLP Financing II, Inc., as Issuers, Gaming and Leisure Properties, Inc., as Parent Guarantor, and Computershare Trust Company, N.A.
+Added: as successor to Wells Fargo Bank, National Association, as Trustee.
+Added: (Incorporated by reference to Exhibit 4.3 to the Company's Current Report on Form 8-K filed on August 27, 2025).
+Added: 4.17 Sixteenth Supplemental Indenture, dated as of August 27, 2025, among GLP Capital, L.P.
+Added: and GLP Financing II, Inc., as Issuers, Gaming and Leisure Properties, Inc., as Parent Guarantor, and Computershare Trust Company, N.A.
+Added: as successor to Wells Fargo Bank, National Association, as Trustee.
+Added: (Incorporated by reference to Exhibit 4.4 to the Company's Current Report on Form 8-K filed on August 27, 2025).
4.18 Form of 2026 Note (Incorporated by reference to Exhibit 4.4 and included in Exhibit 4.4 to the Company's current report on Form 8-K filed on April 28, 2016).
7 unchanged sentences
4.25 Form of 2032 Note (Incorporated by reference to Exhibit 4.12 and included in Exhibit 4.3 to the Company's current report on Form 8-K filed on December 17, 2021).
−Removed: 4.24 Form of 2033 Note (Incorporated by reference to Exhibit 4.
−Removed: 1 3 and included in Exhibit 4.3 to the Company's current report on Form 8-K filed on November 28, 2023).
−Removed: 4.25 Form of 2034 Note (Incorporated by reference to Exhibit 4.
−Removed: 5 and included in Exhibit 4.3 to the Company's current report on Form 8-K filed on August 12, 2024)
−Removed: 4.26 Form of 2054 Note (Incorporated by reference to Exhibit 4.
−Removed: 6 and included in Exhibit 4.4 to the Company's current report on Form 8-K filed on August 12, 2024)
+Added: 4.26 Form of 2033 Note (Incorporated by reference to Exhibit 4.13 and included in Exhibit 4.3 to the Company's current report on Form 8-K filed on November 28, 2023).
+Added: 4.27 Form of 2034 Note (Incorporated by reference to Exhibit 4.5 and included in Exhibit 4.3 to the Company's current report on Form 8-K filed on August 12, 2024)
+Added: 4.28 Form of 2054 Note (Incorporated by reference to Exhibit 4.6 and included in Exhibit 4.4 to the Company's current report on Form 8-K filed on August 12, 2024)
+Added: 4.29 Form of 2033 Note (Incorporated by reference to Exhibit 4.5 to the Company's Current Report on Form 8-K filed on August 27, 2025).
+Added: 4.30 Form of 2037 Note (Incorporated by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed on August 27, 2025).
4.31* Description of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934.
51 unchanged sentences
10.22 # Gaming and Leisure Properties, Inc.’s Second Amended and Restated 2013 Long-Term Incentive Compensation Plan (Incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement on Schedule 14A, filed April 29, 2020).
+Added: 10.23 # Gaming and Leisure Properties, Inc.
+Added: Amended and Restated 2013 Long-Term Incentive Compensation Plan (Incorporated by reference to Exhibit 10.1 to the Company's quarterly report on Form 10-Q, filed on July 24, 2025).
10.24 # Form of Restricted Stock Award under the Gaming and Leisure Properties, Inc.
10 unchanged sentences
(Incorporated by reference to Exhibit 10.33 to the Company's annual report on Form 10-K filed on February 24, 2022).
−Removed: 10.27 # Form of Restricted Stock Performance Award MSCI under the Gaming and Leisure Properties, Inc.
+Added: 10.28 # Form of Performance Restricted Stock Award MSCI under the Gaming and Leisure Properties, Inc.
2013 Long-Term Incentive Compensation Plan for Awards issued after January 1, 2020.
(Incorporated by reference to Exhibit 10.34 to the Company's annual report on Form 10-K filed on February 24, 2022).
−Removed: 10.28 # Form of Restricted Stock Performance Award MSCI under the Gaming and Leisure Properties, Inc.
+Added: 10.29 # Form of Performance Restricted Stock Award MSCI under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards Issued after January 1, 2021.
(Incorporated by reference to Exhibit 10.35 to the Company's annual report on Form 10-K filed on February 24, 2022).
−Removed: 10.29 # Form of Restricted Stock Performance Award NNN under the Gaming and Leisure Properties, Inc.
+Added: 10.30 # Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
2013 Long-Term Incentive Compensation Plan for Awards issued in 2020.
(Incorporated by reference to Exhibit 10.36 to the Company's annual report on Form 10-K filed on February 24, 2022).
−Removed: 10.30 # Form of Restricted Stock Performance Award NNN under the Gaming and Leisure Properties, Inc.
+Added: 10.31 # Form of Perfor mance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2021.
(Incorporated by reference to Exhibit 10.37 to the Company's annual report on Form 10-K filed on February 24, 2022).
−Removed: 10.31 # Form of Restricted Stock Performance Award NNN under the Gaming and Leisure Properties, Inc.
+Added: 10.32 # Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2022.
(Incorporated by reference to Exhibit 10.38 to the Company's annual report on Form 10-K filed on February 24, 2022).
−Removed: 10.32#* Form of Restricted Stock Performance Award NNN under the Gaming and Leisure Properties, Inc.
+Added: 10.33 # Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2023.
(Incorporated by reference to Exhibit 10.39 to the Company's annual report on Form 10-K filed on February 27, 2024).
+Added: 10.34 # Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
+Added: Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2024.
+Added: (Incorporated by reference to Exhibit 10.36 to the Company's annual report on Form 10-K filed on February 20, 2025).
+Added: 10.35 # Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
+Added: Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2025.
+Added: (Incorporated by reference to Exhibit 10.37 to the Company's annual report on Form 10-K filed on February 20, 2025).
+Added: 10.36 #* Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
+Added: Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2026.
10.37 # Form on Time Based LTIP Unit Award Agreement under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long Term Incentive Compensation Plan.
+Added: (Incorporated by reference to Exhibit 10.33 to the Company's annual report on Form 10-K filed on February 20, 2025).
10.38 # Form of Performance LTIP Unit Award Agreement - MSCI Index under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2025.
−Removed: 10.35#* Form of Performance LTIP Unit Award Agreement NNN under the Gaming and Leisure Properties, Inc.
+Added: (Incorporated by reference to Exhibit 10.34 to the Company's annual report on Form 10-K filed on February 20, 2025).
+Added: 10.39 #* Form of Performance LTIP Unit Award Agreement - MSCI Index under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2026.
−Removed: 10.36#* Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
+Added: 10.40 # Form of Performance LTIP Unit Award Agreement NNN under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2025.
−Removed: 10.37#* Form of Performance Restricted Stock Award NNN under the Gaming and Leisure Properties, Inc.
+Added: (Incorporated by reference to Exhibit 10.35 to the Company's annual report on Form 10-K filed on February 20, 2025).
+Added: 10.41 #* Form of Performance LTIP Unit Award Agreement NNN under the Gaming and Leisure Properties, Inc.
Second Amended and Restated 2013 Long-Term Incentive Compensation Plan for Awards issued in 2026.
16 unchanged sentences
and Bally's Corporation (Incorporated by reference to Exhibit 10.1 to the Company's current report on Form 8-K filed on July 12, 2024).
+Added: 10.51 Separation Agreement and Release by and between the Company and Matthew Demchyk (Incorporated by reference to Exhibit 10.1 to the Company's quarterly report on Form 10-Q filed on October 30, 2025).
19.1 Gaming and Leisure Properties, Inc.
9 unchanged sentences
97.1 Gaming and Leisure Properties, Inc.
−Removed: Policy Regarding the Mandatory Recovery of Compensation (Incorporated by reference to Exhi bit 9 7.1 to t he Company's 1 0-K filed on February 27, 2024)
+Added: Policy Regarding the Mandatory Recovery of Compensation (Incorporated by reference to Exhibit 97.1 to the Company's 10-K filed on February 27, 2024)
101 The following financial information from Gaming and Leisure Properties, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL:
−Removed: (i) Consolidated Balance Sheets, ii) Consolidated Statements of Income, (iii) Consolidated Statements of Changes in Equity, (iv) Consolidated Statements of Cash Flows and (v) Notes to the Consolidated Financial Statements.
+Added: (i) Consolidated Balance Sheets, ii) Consolidated Statements of Operations and Comprehensive Income, (iii) Consolidated Statements of Changes in Equity, (iv) Consolidated Statements of Cash Flows and (v) Notes to the Consolidated Financial Statements.
104 The cover page from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL and contained in Exhibit 101.
16 unchanged sentences
Director February 19, 2026
−Removed: Director February 20, 2025
+Added: /s/ MICHAEL BOROFSKY Director February 19, 2026
+Added: Michael Borofsky
Director February 19, 2026
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.