VICI Properties Q1 2022 Earnings Report
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
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