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Mar 31, 2022
VICI Properties Q1 2022 Earnings Report
Reported an 11.3% increase in revenue and completed the strategic acquisition of MGM Growth Properties LLC and The Venetian Resort Las Vegas Real Estate.
Key Takeaways
VICI Properties Inc. reported an 11.3% year-over-year increase in total revenues to $416.6 million for the quarter ended March 31, 2022. The company completed the acquisition of the land and real estate assets of the Venetian Resort Las Vegas for $4.0 billion and closed the acquisition of MGM Growth Properties LLC for $17.2 billion subsequent to quarter-end.
Total revenues increased 11.3% year-over-year to $416.6 million.
Net income attributable to common stockholders and FFO were $240.4 million, or $0.35 per share.
AFFO increased 19.8% year-over-year to $305.5 million.
Completed the $4.0 billion acquisition of the land and real estate assets of The Venetian Resort Las Vegas.
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 estimates AFFO for the year ending December 31, 2022 will be between $1,660.0 million and $1,690.0 million, or between $1.89 and $1.92 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income