VICI Properties Inc (N:VICI)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 535 MADISON AVENUE, 20TH FLOOR
NEW YORK NY 10022
Tel: N/A
Website: https://viciproperties.com
IR: See website
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Key People
John W. R. Payne
President, Chief Operating Officer
Edward Baltazar Pitoniak
Chief Executive Officer, Director
David Andrew Kieske
Chief Financial Officer, Executive Vice President, Treasurer
Samantha Sacks Gallagher
Executive Vice President, General Counsel, Secretary
   
Business Overview
VICI Properties Inc. is a real estate investment trust (REIT). The Company is engaged in the business of owning and acquiring gaming, hospitality and entertainment destinations, subject to long-term triple net leases. The Company owns portfolios of gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas. The Company's properties own 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio comprises over 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by gaming, leisure and hospitality operators under long-term, triple-net lease agreements. In addition, it owns over 33 acres of undeveloped or underdeveloped land on and adjacent to the Las Vegas Strip.
Financial Overview
For the three months ended 31 March 2024, VICI Properties Inc revenues increased 8% to $951.5M. Net income increased 14% to $590M. Revenues reflect Leasing revenue segment increase of 7% to $893.7M, NAREIT FFO - Per Share - Basic - Total increase of 10% to $0.57, NAREIT FFO - Per Share - Diluted - Total increase of 10% to $0.57. Net income benefited from Change in allowance for credit losses decrease of 4% to $106.9M (expense).
Employees: 28 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $47,866M as of Mar 31, 2024
Annual revenue (TTM): $3,686M as of Mar 31, 2024
EBITDA (TTM): $3,425M as of Mar 31, 2024
Net annual income (TTM): $2,585M as of Mar 31, 2024
Free cash flow (TTM): -$609.28M as of Mar 31, 2024
Net Debt Last Fiscal Year: $17,092M as of Mar 31, 2024
Shares outstanding: 1,043,181,591 as of Apr 30, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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