VICI Properties Q3 2022 Earnings Report
Key Takeaways
VICI Properties Inc. reported strong Q3 2022 results, with total revenues increasing by 100.0% year-over-year to $751.5 million. Net income attributable to common stockholders was $330.9 million, or $0.34 per share. AFFO attributable to common stockholders increased 82.8% year-over-year to $470.7 million, with AFFO per share increasing 8.5% year-over-year to $0.49. The Company also announced the acquisition of Rocky Gap Casino Resort and expanded its partnership with Great Wolf Resorts.
Total revenues increased 100.0% year-over-year to $751.5 million.
Net income attributable to common stockholders was $330.9 million, or $0.34 per share.
AFFO attributable to common stockholders increased 82.8% year-over-year to $470.7 million.
Announced $203.9 million acquisition of Rocky Gap Casino Resort.
VICI Properties
VICI Properties
VICI Properties Revenue by Segment
Forward Guidance
The Company is updating AFFO guidance for the full year 2022. The Company estimates AFFO for the year ending December 31, 2022 will be between $1,682.0 million and $1,692.0 million, or between $1.91 and $1.92 per diluted common share. Guidance does not include the impact on operating results from any possible future acquisitions or dispositions, capital markets activity, or other non-recurring transactions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income