VICI Properties Q2 2022 Earnings Report
Key Takeaways
VICI Properties Inc. reported a transformational second quarter in 2022, marked by significant growth and strategic acquisitions. Total revenues increased by 76.0% year-over-year to $662.6 million. The company completed the acquisition of MGM Growth Properties LLC and was added to the S&P 500 index.
Total revenues increased 76.0% year-over-year to $662.6 million.
Net loss attributable to common stockholders was $57.7 million, or $0.06 per share.
AFFO attributable to common stockholders increased 67.9% year-over-year to $430.1 million.
Completed the strategic acquisition of MGM Growth Properties LLC.
VICI Properties
VICI Properties
VICI Properties Revenue by Segment
Forward Guidance
The Company is reaffirming AFFO guidance for the full year 2022. Guidance does not include the impact on operating results from any possible future acquisitions or dispositions, capital markets activity, or other non-recurring transactions. 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 common share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income