Gaming Property Investment Overview

Balance Sheet Strength ■ The durability of our income stream, well-laddered debt maturity profile, lack of material near-term maturities, and healthy duration give the company a firm foundation ■ All existing debt is unsecured ■ Demonstrated acquisition match funding discipline and commitment to maintaining robust liquidity ■ Fungible pooled asset cash flow from master leases de-risks individual asset performance, anchoring balance sheet and providing flexibility through market cycles Debt Maturity Profile as of 3/31/21 Demonstrated Access to Capital Achieved cross-over Investment Grade Status in 2018 In August 2019, Issued $400mm of 5-year notes with a 3.372% YTM and $700mm of long 10-year notes with a 4.03% YTM In June 2020, Issued $500mm long 10-year notes with a 4.14% YTM In August 2020, Issued $200mm long 10-year notes with a YTM of 3.55% GLPI Issue Rating by Agency $1,175 $424 Notes ☐ Term Loans $975 $850 $500 $400 Revolver (unused) Standard & Poor's BBB- Fitch BBB- Moody's $750 $700 $700 Ba1 $500 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 11

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