VICI Properties Inc. reported strong Q4 2022 results, with total revenues increasing by 100.9% year-over-year to $769.9 million and net income attributable to common stockholders increasing by 114.6% year-over-year to $604.1 million. The company also announced several strategic acquisitions and partnerships, expanding its portfolio and investment reach.
Total revenues increased 100.9% year-over-year to $769.9 million.
Net income attributable to common stockholders increased 114.6% year-over-year to $604.1 million, with earnings per share increasing 41.7% year-over-year to $0.63.
AFFO increased 74.8% year-over-year to $487.6 million, with AFFO per share increasing 15.5% year-over-year to $0.51.
The company completed an equity offering with an aggregate value of $580.0 million in November 2022 and raised $212.4 million of gross proceeds under the ATM program.
The Company estimates AFFO for the year ending December 31, 2023 will be between $2,115 million and $2,155 million, or between $2.10 and $2.13 per diluted 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.
Visualization of income flow from segment revenue to net income