VICI Properties Q1 2020 Earnings Report
Key Takeaways
VICI Properties reported a revenue increase of 19.2% year-over-year, reaching $255.0 million. However, the company experienced a net loss of $(24.0) million, or $(0.05) per diluted share, primarily due to the adoption of the CECL accounting standard and the redemption of Second Lien Notes. Adjusted Funds From Operations (AFFO) increased by 18.8% to $180.0 million, or $0.38 per diluted share.
Total revenues increased by 19.2% to $255.0 million compared to the previous year.
Net loss attributable to common stockholders was $(24.0) million, or $(0.05) per diluted share.
Adjusted Funds From Operations (AFFO) rose by 18.8% to $180.0 million, or $0.38 per diluted share.
The company completed the acquisition of JACK Cleveland Casino and JACK Thistledown Racino for $843.3 million.
VICI Properties
VICI Properties
VICI Properties Revenue by Segment
Forward Guidance
Given the economic uncertainty and rapidly-evolving circumstances related to the COVID-19 pandemic, together with the implementation of the new CECL accounting standard, the company has withdrawn its previously issued 2020 guidance and is not providing an updated outlook at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income