Gaming and Leisure Properties Inc. Announces 2024 Distribution Tax Treatment
Gaming and Leisure Properties (NASDAQ: GLPI) has disclosed its 2024 distribution tax treatment for federal income tax purposes.
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Rhea-AI Summary
Gaming and Leisure Properties (NASDAQ: GLPI) has disclosed its 2024 distribution tax treatment for federal income tax purposes. The company distributed an aggregate of $3.04 per share of common stock throughout 2024, paid in four equal quarterly installments of $0.76 per share.
The distributions were categorized as follows: $2.958412 per share as ordinary dividends (97.3%), $0.017808 per share as capital gain distribution (0.6%), and $0.063780 per share as nondividend distributions/return of capital (2.1%). All quarterly payments maintained consistent tax treatment throughout the year.
Positive
- Consistent quarterly dividend payments of $0.76 per share throughout 2024
- Total annual distribution of $3.04 per share to shareholders
- 97.3% of distributions qualified as Section 199A dividends
Negative
- None.
Details
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WYOMISSING, Pa., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”) announced the income tax allocation for federal income tax purposes of its aggregate distributions in 2024 of
Gaming and Leisure Properties’ tax return for the year ended December 31, 2024, has not yet been filed. As a result, the income tax allocation for the distributions noted below have been calculated using the best available information as of the date of this press release.
| Box 1a | Box 1b | Box 2a | Box 2b | Box 2f | Box 3 | Box 5 | ||||||||||||
| Record Date | Payable Date | Total Distribution Per Share | Total Ordinary Dividends | Qualified Dividends (1) | Total Capital Gain Distribution | Unrecaptured 1250 Gain (2) | Section 897 Capital Gain | Nondividend Distributions (3) | Section 199A Dividends (4) | |||||||||
| 03/15/2024 | 03/29/2024 | |||||||||||||||||
| 06/07/2024 | 06/21/2024 | |||||||||||||||||
| 09/13/2024 | 09/27/2024 | |||||||||||||||||
| 12/06/2024 | 12/20/2024 | |||||||||||||||||
| Totals | $3.040000 | $2.958412 | $0.000000 | $0.017808 | $0.000000 | $0.000000 | $0.063780 | $2.958412 | ||||||||||
| (1 | ) | Amounts in Box 1b are included in Box 1a | ||||||||||||||||
| (2 | ) | Amounts in Box 2b are included in Box 2a | ||||||||||||||||
| (3 | ) | Amounts in Box 3 are also known as Return of Capital | ||||||||||||||||
| (4 | ) | Amounts in Box 5 are included in Box 1a | ||||||||||||||||
Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders on how distributions should be reported on their tax returns. Also, note that state and local taxation of real estate investment trust distributions varies and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their own tax advisors as to their specific federal, state, and local income tax treatment of the Company’s distributions.
About Gaming and Leisure Properties
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
Contact:
Gaming and Leisure Properties, Inc.
Matthew Demchyk, Chief Investment Officer
610/401-2900
investorinquiries@glpropinc.com
Investor Relations
Joseph Jaffoni, Richard Land, James Leahy at JCIR
212/835-8500
glpi@jcir.com
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