VICI Properties Inc. reported a total revenue of $1.0 billion for the second quarter of 2025, representing a 4.6% increase from the previous year. Net income attributable to common stockholders rose to $865.1 million, or $0.82 per share, marking a 16.7% year-over-year increase. The company also raised its guidance for adjusted funds from operations (AFFO) for the full year to between $2,500 million and $2,520 million, or between $2.35 and $2.37 per diluted share. Additionally, VICI announced significant investments, including a $510 million commitment for the North Fork Mono Casino & Resort and a $150 million increase in its investment for the One Beverly Hills development, bringing the total commitment to $450 million.
As of June 30, 2025, VICI Properties had approximately $17.3 billion in total debt and around $3.0 billion in liquidity. The company declared a quarterly cash dividend of $0.4325 per share, which was paid on July 10, 2025. The balance sheet reflects a robust liquidity position, including $233 million in cash and cash equivalents and $621.5 million from estimated forward sale equity proceeds. VICI continues to maintain a diverse portfolio of experiential properties and partnerships across the gaming, hospitality, and entertainment sectors.
linkJul 30, 2025 16:15:33
VICI Properties Inc. announced its financial results for the first quarter of 2025, reporting total revenues of $984.2 million, a 3.4% increase from the previous year. However, net income attributable to common stockholders decreased by 7.9% year-over-year to $543.6 million, reflecting a decline in per share earnings due to changes in the CECL allowance. The company also reported an increase in Adjusted Funds from Operations (AFFO) of 5.6% year-over-year to $616.0 million, leading to a raised AFFO guidance for the full year 2025 between $2,470 million and $2,500 million, or $2.33 to $2.36 per diluted share.
In addition to its financial results, VICI Properties announced a $510.0 million agreement to fund the development of a tribal casino managed by Red Rock Resorts, marking a strategic partnership in the gaming sector. The company also completed a $1.3 billion senior notes offering to refinance existing debt and established a new $2.5 billion revolving credit facility. As of the end of the quarter, VICI held approximately $334.3 million in cash and cash equivalents, with total debt standing at approximately $17.2 billion.
linkApr 30, 2025 16:05:54
VICI Properties L.P. has successfully completed an offering of $1.3 billion in notes, including $400 million in 4.750% Notes due 2028 and $900 million in 5.625% Notes due 2035. The proceeds from this offering will be used to repay existing senior notes maturing in 2025, including a total of approximately $1.3 billion in principal amount. The new notes rank equally with VICI LP's existing unsecured and unsubordinated debts and are not guaranteed by VICI Properties Inc. or its subsidiaries, except under certain conditions in the future.
However, the company is expected to redeem the maturing notes at a price equal to 100% of their principal amount plus accrued interest. The covenants in the new indenture limit VICI LP's ability to incur additional debt and require it to maintain a minimum level of unencumbered assets. The terms of the offering were made under an automatic shelf registration statement and related prospectus filed with the SEC.
linkApr 07, 2025 16:15:31
VICI Properties Inc. reported a 4.7% increase in total revenues for the fourth quarter of 2024, reaching $976.1 million, while full-year revenues grew by 6.6% to $3.8 billion. The company also experienced a 5.4% rise in adjusted funds from operations (AFFO) for the quarter, totaling $601.3 million. Additionally, VICI secured a credit rating upgrade from Moody's to 'Baa3' and announced over $1 billion in capital commitments for 2024, demonstrating ongoing investment and partnership initiatives.
Conversely, net income attributable to common stockholders decreased by 17.8% year-over-year in the fourth quarter, amounting to $614.6 million, with a per-share decline of 19.2% to $0.58. This drop was largely attributed to changes in the credit loss allowance. The company also saw a 1.7% increase in weighted average shares outstanding, which may affect per-share metrics. Despite the revenue growth, the decline in net income raises concerns about profitability amid ongoing market volatility.
linkFeb 20, 2025 16:16:12
VICI Properties L.P. has entered into a new Credit Agreement with Wells Fargo Bank, replacing its previous agreement. The new facility, valued at $2.5 billion, is set to mature in February 2029 and offers options for extensions and increased borrowing capacity. As of the effective date, approximately $147.5 million has been drawn to pay off prior obligations, indicating the company's proactive financial management.
However, the Credit Facility comes with various conditions, including interest rates that depend on the company's credit ratings and leverage ratio, which could impact borrowing costs. Additionally, the agreement includes strict covenants that restrict certain corporate activities, and any defaults could lead to immediate repayment demands from lenders, highlighting potential risks in the company's financial obligations.
linkFeb 04, 2025 08:46:48
VICI Properties L.P. successfully completed an offering of $750 million in 5.125% Notes due 2031. The proceeds from this offering will be utilized to repay the existing $750 million 3.500% senior notes due in 2025, which VICI LP plans to redeem at 100% of their principal amount plus accrued interest. The new Notes are unsecured and rank equally with VICI LP's other unsecured obligations, with interest payments scheduled semi-annually starting May 15, 2025. Additionally, the Notes are supported by a pledge of limited partnership interests held by VICI Properties OP LLC.
However, the Notes are not guaranteed by VICI Properties Inc. or any of its subsidiaries, except under certain future conditions. The Indenture includes covenants that restrict VICI LP's ability to incur additional debt and requires maintaining a specific ratio of unencumbered assets to total unsecured indebtedness. There are also customary events of default that could accelerate the repayment of the Notes if triggered.
linkDec 19, 2024 16:15:32
VICI Properties Inc. reported a 6.7% increase in total revenues for the third quarter of 2024, totaling $964.7 million. The company also saw a significant rise in net income attributable to common stockholders, which rose 31.7% year-over-year to $732.9 million. Additionally, VICI declared a quarterly cash dividend of $0.4325 per share, marking a 4.2% increase compared to the previous year. The company successfully deployed $230 million of capital during the quarter and ended with $355.7 million in cash and cash equivalents, indicating a solid liquidity position.
On the downside, VICI Properties has a substantial total debt of approximately $17.1 billion, which raises concerns about its ability to manage this financial obligation. The company also noted that its guidance for Adjusted Funds From Operations (AFFO) reflects potential fluctuations due to various factors outside its control, including economic conditions and tenant performance. Such uncertainties could impact future profitability and operational stability.
linkOct 31, 2024 16:17:38
VICI Properties announced a 6.6% revenue increase to $957 million in Q2 2024, with net income rising 7.3% to $741 million. The company is investing up to $700 million in The Venetian Resort and has issued a $250 million loan to Great Wolf Resorts. They raised their full-year guidance for 2024, highlighting strong financial health and strategic investments. Overall, the results reflect solid growth and a positive outlook for the future.
linkJul 31, 2024 16:16:19
The press release outlines a confirmation agreement for forward transactions between two parties, detailing terms, conditions, and governing rules. It emphasizes the binding nature of the agreement, superseding prior communications. It clarifies conditions for transaction effectiveness and termination obligations. The agreement ensures compliance with regulatory requirements and outlines representations, warranties, and covenants of both parties. Notably, it addresses insolvency filings and extraordinary dividends impact on the transaction.
linkMay 06, 2024 17:26:32
VICI Properties Inc. reports 8.4% revenue growth and completes a $1.05 billion senior notes offering. They reaffirm their guidance for 2024. The company also announces a significant capital investment in The Venetian Resort. CEO highlights revenue and AFFO growth, successful market access, and strong capital liquidity. VICI Properties' Q1 2024 financials show increases in total revenues, net income, FFO, and AFFO. They also detail acquisitions and investments in Homefield Kansas City and The Venetian Resort Las Vegas.
linkMay 01, 2024 16:20:36