Understanding Distribution Tax Treatment for GLPI Investors

Author: Lucas Young Updated: 01-24-2025 07:13 AM

Distribution Tax Treatment Overview for Investors

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) recently shared important information regarding the income tax allocations for its projected distributions in 2024. Shareholders can expect a total distribution of $3.04 per share of common stock, a detail that is crucial for their financial planning and tax declarations.

Tax Allocation for 2024 Distributions

At present, Gaming and Leisure Properties has yet to file its tax return for the year ending December 31, 2024. Therefore, the tax allocation for the distributions has been calculated using current available information. This aspect is vital for investors as they will need to report these distributions on their tax returns accurately.

Implications for Shareholders

The company emphasizes that federal tax regulations may vary significantly based on individual situations. Hence, it is advisable for shareholders not to consider this information as definitive tax advice. It's recommended that each shareholder consult with their tax advisors to assess how these distributions will affect their personal tax situations, considering both federal and local tax laws.

2024 Distribution Breakdown

The breakdown of distributions for 2024 includes specific record and payable dates, as well as various tax treatment categories. For example:

First distribution: Record Date - March 15, 2024; Payable Date - March 29, 2024; Total Distribution Per Share - $0.760000.
Second distribution: Record Date - June 7, 2024; Payable Date - June 21, 2024; Total Distribution Per Share - $0.760000.
Third distribution: Record Date - September 13, 2024; Payable Date - September 27, 2024; Total Distribution Per Share - $0.760000.
Fourth distribution: Record Date - December 6, 2024; Payable Date - December 20, 2024; Total Distribution Per Share - $0.760000.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc. specializes in acquiring, financing, and managing real estate that is leased to gaming operators. Their unique business model relies on triple-net lease agreements, wherein the tenant covers all operational costs, including maintenance, insurance, taxes, and utilities for the properties they manage. This strategy ensures a steady return on investments and contributes to the company’s growth prospects.

Contact Information for Investor Inquiries

For shareholders wishing to obtain further details or clarifications regarding the distributions and tax implications, they can directly contact Gaming and Leisure Properties, Inc. through:

Matthew Demchyk, Chief Investment Officer
Phone: 610/401-2900
Email: investorinquiries@glpropinc.com

Frequently Asked Questions

What is the total distribution per share for 2024?

The total distribution per share for 2024 is set at $3.04.

When will shareholders receive their distributions?

How should I report these distributions on my taxes?

Shareholders should consult their tax advisors to understand the unique implications of the distributions and how to report them correctly on their tax returns.

What is a triple-net lease agreement?

A triple-net lease agreement is a rental agreement where the tenant is responsible for all property expenses, including maintenance, insurance, and taxes.

How can shareholders contact Gaming and Leisure Properties for more information?

Shareholders can reach out by contacting Matthew Demchyk at 610/401-2900 or via email at investorinquiries@glpropinc.com.

About The Author

Even at just 28 years old, Lucas Young has made a name for himself as a writer and financial expert. Lucas is a gifted communicator of difficult financial ideas and has written a number of well-received books and articles that appeal to both new and experienced investors. The financial world has come to rely on his perceptive analysis and useful counsel. Many people have been enabled to make wise investment decisions by Lucas's commitment to financial literacy and his ability to demystify the complexities of the market. Lucas is still dedicated to advising and teaching people on their financial journeys as he shares his knowledge.

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