Gaming and Leisure Properties (NASDAQ: GLPI) disclosed the federal tax allocation of its 2025 aggregate distributions of $3.10 per share. The company reported total ordinary dividends of $3.001003 per share, a total capital gain distribution of $0.001832 per share, and $0.097165 per share classified as nondividend distributions (return of capital). The company noted its 2025 federal tax return has not been filed, and the allocations were prepared using the best available information as of this release date. Shareholders are advised to consult tax advisors because state and local treatment may differ.
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Positive
Total distributions of $3.10 per share for 2025
Total ordinary dividends of $3.001003 per share
Section 199A dividends reported at $3.001003 per share
Negative
Nondividend distributions (return of capital) of $0.097165 per share
Allocations are preliminary because the 2025 federal tax return is not filed
News Market Reaction – GLPI
+0.09%
+0.09%Session close to close
In the Jan 22 session, GLPI gained 0.09%, reflecting a mild positive market reaction.
This announcement clarified how GLPI’s $3.10 per-share 2025 distributions are allocated among ordina...
Analysis
This announcement clarified how GLPI’s $3.10 per-share 2025 distributions are allocated among ordinary income, capital gains, and return of capital for federal tax purposes. The company noted that final amounts depend on its 2025 tax return and that treatment can differ at the state and local levels. In context of prior steady dividends and solid reported Q3 2025 results, investors may focus on future earnings releases and any changes in distribution policy.
Key Figures
2025 total distribution:$3.10 per shareQ1 2025 distribution:$0.760000 per shareQ2 2025 distribution:$0.780000 per share+5 more
8 metrics
2025 total distribution$3.10 per shareAggregate 2025 distributions per common share
Q1 2025 distribution$0.760000 per shareRecord date 03/14/2025; payable 03/28/2025
Q2 2025 distribution$0.780000 per shareRecord date 06/13/2025; payable 06/27/2025
Q3 2025 distribution$0.780000 per shareRecord date 09/12/2025; payable 09/26/2025
Q4 2025 distribution$0.780000 per shareRecord date 12/05/2025; payable 12/19/2025
2025 ordinary dividends total$3.001003 per shareTotal ordinary dividends (Box 1a) for 2025
2025 capital gain distribution$0.001832 per shareTotal capital gain distribution (Box 2a) for 2025
2025 nondividend distributions$0.097165 per shareTotal nondividend distributions (return of capital, Box 3)
Bally’s Q3 2025 results and transactions referenced funding from GLPI for Chicago resort.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Company History
Recent disclosures for GLPI highlight steady REIT operations and capital deployment. On Nov 10, 2025, a 10-Q showed higher Q3 2025 income from real estate and net income, with reduced long-term debt and substantial development commitments. A $0.78 Q4 2025 dividend was declared on Nov 24, 2025. Subsequent updates on Dec 5, 2025 detailed financing and development activities. The latest January 2026 item set the Q4 2025 earnings release schedule, while today’s release addresses $3.10 per-share 2025 distribution tax treatment.
Key Terms
cusip, unrecaptured 1250 gain, section 897 capital gain, section 199a dividends, +2 more
6 terms
cusipfinancial
"common stock (CUSIP: 36467J108). Gaming and Leisure Properties’ tax"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
"Unrecaptured 1250 Gain (2) | Section 897 Capital Gain | Nondividend"
Unrecaptured 1250 gain is the portion of profit from selling depreciable real estate that is taxed at a special higher rate because the seller previously claimed depreciation deductions. Think of it as part of the sale proceeds that the tax code says must be taxed more like ordinary income than as the lower long-term capital gain — reducing the seller’s after-tax return. Investors watch it because it changes the true net profit and affects tax planning and valuation of property investments.
section 897 capital gainregulatory
"Unrecaptured 1250 Gain (2) | Section 897 Capital Gain | Nondividend"
A Section 897 capital gain is the profit a non-U.S. person realizes when selling an interest in U.S. real estate that U.S. tax law treats like U.S.-source income. Think of it as a home sale for a foreign seller: the U.S. requires tax be collected on the gain and may require the buyer to withhold part of the sale price, so investors need to plan for potential tax bills, withholding cash needs, and impacts on net proceeds and deal value.
Section 199A dividends are certain dividend payments from real estate investment trusts (REITs) and publicly traded partnerships that qualify for a special U.S. tax deduction allowing up to a 20% reduction of the income they create. For investors, that means these payouts are taxed differently than regular dividend income—they don’t get the lower capital gains rate but can lower taxable income through the deduction, similar to getting a partial tax rebate on that income.
return of capitalfinancial
"Amounts in Box 3 are also known as Return of Capital"
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
real estate investment trustfinancial
"state and local taxation of real estate investment trust distributions varies"
A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.
WYOMISSING, Pa., Jan. 21, 2026 (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 2025 of $3.10 per share of common stock (CUSIP: 36467J108).
Gaming and Leisure Properties’ tax return for the year ended December 31, 2025, has not 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)
03/14/2025
03/28/2025
$0.760000
$0.735730
$0.000000
$0.000449
$0.000000
$0.000000
$0.023821
$0.735730
06/13/2025
06/27/2025
$0.780000
$0.755091
$0.000000
$0.000461
$0.000000
$0.000000
$0.024448
$0.755091
09/12/2025
09/26/2025
$0.780000
$0.755091
$0.000000
$0.000461
$0.000000
$0.000000
$0.024448
$0.755091
12/05/2025
12/19/2025
$0.780000
$0.755091
$0.000000
$0.000461
$0.000000
$0.000000
$0.024448
$0.755091
Totals
$3.100000
$3.001003
$0.000000
$0.001832
$0.000000
$0.000000
$0.097165
$3.001003
(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. Carlo Santarelli, SVP - Corporate Strategy & Investor Relations 610/401-2900 investorinquiries@glpropinc.com
Investor Relations Joseph Jaffoni 212/835-8500 glpi@jcir.com
FAQ
What did GLPI report as its total 2025 distribution per share?
GLPI reported aggregate distributions of $3.10 per share for 2025.
How much of GLPI's 2025 distributions are ordinary dividends (GLPI)?
Total ordinary dividends for 2025 are $3.001003 per share.
What portion of GLPI's 2025 distributions is return of capital (nondividend)?
Nondividend distributions (return of capital) total $0.097165 per share for 2025.
Does GLPI's 2025 tax allocation include capital gain distributions?
Yes; total capital gain distribution is $0.001832 per share for 2025.
Are GLPI's 2025 tax allocations final and reported on a filed tax return?
No; the company said the 2025 federal tax return has not been filed and allocations use the best available information.
Which GLPI record and payable dates correspond to the 2025 distributions?
Record/payable date pairs listed include 03/14/2025–03/28/2025, 06/13/2025–06/27/2025, 09/12/2025–09/26/2025, and 12/05/2025–12/19/2025.
