VICI
VICI Properties Inc.28.31
-0.29-1.01%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
30.26BP/E (TTM)
10.76Basic EPS (TTM)
2.63Dividend Yield
0.06%Recent Filings
8-K
Q3 AFFO beats, dividend rises
VICI Properties posted Q3 revenues up 4.4% to $1.0B and AFFO up 7.4% to $637.6M ($0.60/share), driving its 8th straight dividend hike to $0.45/share. Updated 2025 AFFO guide narrows to $2.51B-$2.52B ($2.36-$2.37/share). Post-quarter, agreed to new 25-year Clairvest lease at $53M initial rent for MGM Northfield Park, adding a 14th tenant while pending regulatory nods.
10-Q
Q3 FY2025 results
VICI Properties posted solid Q3 results with total revenues up 4.4% y/y to $1,007.5M, fueled by stronger lease income and loan interest; diluted EPS held steady at $0.71, matching last year amid stable shares. Contractual leasing revenue climbed 2.9% y/y to $787.5M on escalators and Venetian capital investments, while loans drove gains but credit allowance swung favorably by $20.2M. Operating cash flow hit $1.8B YTD (derived), topping last year, with $508M cash bolstering $2.4B revolver capacity. Debt stayed flat at $16.8B net; refinancings extended maturities. Tenant concentration weighs heavy.
8-K
VICI lifts Q2 AFFO, guidance
VICI Properties posted Q2 revenues up 4.6% to $1.0B and AFFO up 6.4% to $630.2M, fueled by rent escalations. Key moves: $510M term loan commitment for North Fork Mono Casino with Red Rock affiliates and $150M boost to One Beverly Hills mezzanine loan, now $450M total. Raised 2025 AFFO guidance to $2.50B-$2.52B. Debt refinanced smoothly.
10-Q
Q2 FY2025 results
VICI Properties posted solid Q2 revenue of $1,001.3M, up 4.6% y/y from $957.0M (derived), fueled by escalators on Caesars leases and Venetian capital investments, while income from loans and securities climbed 64.2% y/y to $440.3M on $960M fresh commitments like One Beverly Hills mezzanine and North Fork casino loans. A $142M CECL allowance reversal—thanks to tenant equity gains and brighter macro forecasts—lifted net income to $878.4M, or $0.82 diluted EPS, matching shares outstanding. Operating cash flow hit $1.23B YTD, topping last year's $1.16B, yet cash dipped to $233M amid investments; debt stayed steady at $16.9B net with $2.2B revolver room. New $2.5B facility to 2029 adds flexibility. Tenant concentration lingers.
10-Q
Q1 FY2025 results
VICI Properties posted total revenues of $984.2M for Q1 ended March 31, 2025, up 3.4% y/y from $951.5M, with lease income climbing 2.1% y/y to $912.5M on escalators and Venetian capital funding bumps, while loan income jumped 50% y/y to $42.5M after $385M fundings including a $300M One Beverly Hills mezzanine. Net income fell 9.2% y/y to $552.3M ($0.51 diluted EPS, down 10.5% y/y) as CECL allowance swelled $80M y/y to $187M from tenant equity dips and macro shifts. Operating cash flow hit $591.9M, up 8.8% y/y; FCF not disclosed in the 10-Q. Cash sits at $334M with $2.3B revolver room and $17B debt (4.4% rate); refinanced 2025 maturities post-quarter. Tenant concentration risks loom large.
IPO
Employees
Sector
Industry
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