VICI Properties Q3 2021 Earnings Report
Key Takeaways
VICI Properties Inc. reported a 10.6% year-over-year increase in total revenues to $375.7 million for the quarter ended September 30, 2021. The company also announced the strategic acquisition of MGM Growth Properties LLC for $17.2 billion and a strategic arrangement with BigShots Golf. AFFO increased 12.9% year-over-year to $257.4 million.
Total revenues increased 10.6% year-over-year to $375.7 million.
Net income attributable to common stockholders and FFO were $161.9 million, or $0.28 per share.
AFFO increased 12.9% year-over-year to $257.4 million.
Announced the strategic acquisition of MGM Growth Properties LLC (“MGP”) for $17.2 billion.
VICI Properties
VICI Properties
VICI Properties Revenue by Segment
Forward Guidance
The Company estimates AFFO for the year ending December 31, 2021 will be between $1,040.0 million and $1,045.0 million, or between $1.79 and $1.80 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income