VICI Properties Q4 2022 Earnings Report
Key Takeaways
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.
VICI Properties
VICI Properties
VICI Properties Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income