VICI Properties Q4 2019 Earnings Report

VICI Properties' Q4 2019 financial performance reflected increased revenues and AFFO, but decreased net income and FFO due to costs associated with debt termination and increased share count.

Key Takeaways

VICI Properties reported an increase in total revenues for Q4 2019, driven by higher leasing revenues. However, net income and FFO decreased due to costs related to debt termination and an increased share count. Adjusted Funds From Operations (AFFO) saw a significant increase.

Total revenues increased to $237.5 million, driven by a 15.7% increase in leasing revenues.

Net income attributable to common stockholders decreased to $98.6 million, or $0.21 per diluted share.

Adjusted Funds From Operations (AFFO) rose to $176.6 million, or $0.37 per diluted share.

Completed the acquisition of Century Casino Cape Girardeau, Century Casino Caruthersville and Mountaineer Casino, Racetrack & Resort from Eldorado Resorts for $277.8 million in cash.

Number of hotel rooms

15.6K

Gross Profit

$233M