Dec 31, 2021

VICI Properties Q4 2021 Earnings Report

VICI Properties' fourth quarter results reflected a year-over-year revenue increase, with net income and AFFO impacted by share count changes and other factors.

Key Takeaways

VICI Properties Inc. reported a 2.7% increase in total revenues for Q4 2021, reaching $383.2 million. Net income attributable to common stockholders was $281.5 million, or $0.44 per share. AFFO increased by 10.8% to $278.9 million, although AFFO per share decreased by 5.8% to $0.44. The company completed the disposition of Harrah's Louisiana Downs and entered into an agreement related to the Mirage Hotel & Casino in Las Vegas.

Total revenues increased 2.7% year-over-year to $383.2 million.

Net income attributable to common stockholders was $281.5 million, or $0.44 per share.

AFFO increased 10.8% year-over-year to $278.9 million.

Completed the disposition of Harrah's Louisiana Downs and entered into an agreement with Hard Rock related to the Mirage Hotel & Casino in Las Vegas.

Total Revenue
$383M
Previous year: $373M
+2.7%
EPS
$0.44
Previous year: $0.46
-4.3%
Gross Profit
$370M
Previous year: $361M
+2.5%
Cash and Equivalents
$740M
Previous year: $316M
+134.1%
Total Assets
$17.6B
Previous year: $17.1B
+3.1%

VICI Properties

VICI Properties

VICI Properties Revenue by Segment

Forward Guidance

The Company estimates AFFO for the year ending December 31, 2022 will be between $1,317.0 million and $1,347.0 million, or between $1.80 and $1.84 per diluted share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income