Gaming and Leisure Properties GLPI Joliet, Illinois — Operating Lease, Funding Commitment, Funded
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Where this comes from
Reported directly by Gaming and Leisure Properties in its filing.
Tagged under the XBRL concept glpi:OperatingLeaseFundingCommitmentFunded.
The source filing: Gaming and Leisure Properties’s 10-Q, filed April 23, 2026.
- Filed
- Apr 23, 2026, 4:18 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001575965-26-000048
GLPI also agreed to fund certain potential development projects in the PENN 2023 Master Lease. On August 1, 2025, GLPI funded $130 million for the relocation of Hollywood Casino Joliet, which opened on August 11, 2025, and is subject to a 7.75% capitalization rate. The Company also previously funded $5 million to reimburse PENN for land site development costs for the Joliet project. On November 3, 2025, GLPI funded $150 million for PENN's M Resort new hotel tower and conference center expansion, which opened to the public on December 1, 2025, at a capitalization rate of 7.79%. PENN anticipates completing the relocation of its riverboat casino in Aurora, Illinois on June 24, 2026, pending customary regulatory approvals. The Company anticipates funding $225 million at a 7.75% capitalization rate for this project on or about June 24, 2026. Rent for each project begins accruing as the related funding is advanced.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Gaming and Leisure Properties's joliet, illinois — operating lease, funding commitment, funded?
- Gaming and Leisure Properties (GLPI) reported joliet, illinois — operating lease, funding commitment, funded of $130M in Q1 2026.
- What does joliet, illinois — operating lease, funding commitment, funded mean?
- This metric represents the cumulative capital expenditures or development funding already deployed by the REIT for a specific gaming property asset in Joliet, Illinois. It reflects the realized portion of a contractual obligation to finance property improvements or expansions under a triple-net lease agreement. Tracking this allows investors to measure the progress of capital deployment and the resulting asset base expansion within a specific geographic market.
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