VICI Properties Q3 2024 Earnings Report
Key Takeaways
VICI Properties reported a strong third quarter in 2024, with a 6.7% increase in total revenues year-over-year, reaching $964.7 million. Net income attributable to common stockholders increased by 31.7% to $732.9 million, and AFFO attributable to common stockholders increased by 8.4% to $593.9 million. The company deployed $230 million of capital and updated its AFFO guidance for the full year 2024 to between $2,360 million and $2,370 million.
Total revenues increased 6.7% year-over-year to $964.7 million.
Net income attributable to common stockholders increased 31.7% year-over-year to $732.9 million, or $0.70 per share.
AFFO attributable to common stockholders increased 8.4% year-over-year to $593.9 million, or $0.57 per share.
The company updated AFFO guidance for full year 2024 to between $2,360 million and $2,370 million, or between $2.25 and $2.26 per diluted share.
VICI Properties
VICI Properties
VICI Properties Revenue by Segment
Forward Guidance
The Company estimates AFFO for the year ending December 31, 2024 will be between $2,360 million and $2,370 million, or between $2.25 and $2.26 per diluted common share. Guidance does not include the impact on operating results from any pending or 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