GLPI (Gaming and Leisure Properties) Intangible Assets : $629 Mil (As of Sep. 2024)

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What is Gaming and Leisure Properties Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Gaming and Leisure Properties's intangible assets for the quarter that ended in Sep. 2024 was $629 Mil.

Gaming and Leisure Properties Intangible Assets Historical Data

The historical data trend for Gaming and Leisure Properties's Intangible Assets 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 Intangible Assets Chart

Gaming and Leisure Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

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680.32

617.86

668.68

652.82

639.27

Gaming and Leisure Properties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Intangible Assets	Get a 7-Day Free Trial															642.55	639.27	635.99	632.72	629.44

Gaming and Leisure Properties Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Gaming and Leisure Properties (NAS:GLPI) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Gaming and Leisure Properties Intangible Assets Related Terms

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Gaming and Leisure Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gaming and Leisure Properties Inc (NAS:GLPI) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

2GL:Germany

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 whose primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The GLPI's portfolio consisted of interests in sixty one gaming and related facilities, the real property associated with thirty four gaming and related facilities operated by PENN, the real property associated with six gaming and related facilities operated by Caesars Entertainment Corporation.

Executives

E Scott Urdang	director	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Desiree A. Burke	officer: Chief Accounting Officer	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Brandon John Moore	officer: SVP & General Counsel	845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Steven Ladany	officer: SVP Chief Development Officer	845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Matthew Demchyk	officer: SVP, Investments	845 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Barry F Schwartz	director	35 EAST 62ND ST, NEW YORK NY 10021
Joanne A. Epps	director, Director	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Earl C Shanks	director	CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Peter M Carlino	director, officer: CEO & President	845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Carol Lynton	director	C/O EL POLLO HOLDINGS, INC., 3535 HARBOR BOULEVARD, SUITE 100, COSTA MESA CA 92626
Marshall Joseph W Iii	director	500 OFFICE CENTER DRIVE, SUITE 400, FT. WASHINGTON PA 19034
David A Handler	director	845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
William J Clifford	officer: CFO, Sec. & Treas.	845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
James Perry	director
Steven T. Snyder	officer: SR VP-Corp Development	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610