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Mar 31, 2021
VICI Properties Q1 2021 Earnings Report
Announced record revenue growth and reaffirmed guidance for full year 2021.
Key Takeaways
VICI Properties Inc. reported a strong first quarter in 2021, marked by a 46.8% year-over-year increase in total revenues to $374.3 million. The company also announced a significant $4.0 billion acquisition of the Venetian Resort Las Vegas and the Sands Expo and Convention Center, expected to generate $250 million of incremental annual rent upon closing.
Total revenues increased 46.8% year-over-year to $374.3 million.
Net income attributable to common stockholders was $269.8 million, or $0.50 per share.
AFFO increased 41.7% year-over-year to $255.0 million.
Announced a $4.0 billion acquisition of the land and real estate assets of The Venetian Resort Las Vegas and the Sands Expo and Convention Center.
VICI Properties
VICI Properties
VICI Properties Revenue by Segment
Revenue by Segment
Sales-type leases Revenue
CapyFin.comLease financing & loans Revenue
CapyFin.comGolf Revenue
CapyFin.com Forward Guidance
The Company is reaffirming AFFO guidance for the full year 2021. The Company estimates AFFO for the year ending December 31, 2021 will be between $1,010.0 million and $1,035.0 million, or between $1.82 and $1.87 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income