Gaming and Leisure Properties (FRA:2GL) Long-Term Capital Lease Obligation : €231 Mil (As of Mar. 2024)

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What is Gaming and Leisure Properties Long-Term Capital Lease Obligation?

Gaming and Leisure Properties's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €231 Mil.

Gaming and Leisure Properties's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€236 Mil) to Dec. 2023 (€230 Mil) but then increased from Dec. 2023 (€230 Mil) to Mar. 2024 (€231 Mil).

Gaming and Leisure Properties's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€210 Mil) to Dec. 2022 (€223 Mil) and increased from Dec. 2022 (€223 Mil) to Dec. 2023 (€230 Mil).

Gaming and Leisure Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gaming and Leisure Properties's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gaming and Leisure Properties Long-Term Capital Lease Obligation Chart

Gaming and Leisure Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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166.46

125.11

209.97

222.56

230.27

Gaming and Leisure Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															254.32	233.59	235.67	230.27	230.80

Gaming and Leisure Properties (FRA:2GL) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Gaming and Leisure Properties Long-Term Capital Lease Obligation Related Terms

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Gaming and Leisure Properties (FRA:2GL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gaming and Leisure Properties Inc (FRA:2GL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GLPI:USA

Address

845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

https://www.glpropinc.com

Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.

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