earnings
confidence high
sentiment positive
materiality 0.90
VICI Q3 revenue up 10.6%, AFFO up 12.9%; announces $17.2B MGP acquisition; raises FY AFFO guidance
VICI PROPERTIES INC.
2021-Q3 EPS reported
$1.31
revenue$1,126,414,000
- Total revenue $375.7M (+10.6% YoY); net income $161.9M ($0.28/share) vs $398.3M in Q3 2020 due to prior-year one-time gain.
- AFFO $257.4M (+12.9% YoY) or $0.45/share (+5.9% YoY); declared $0.36 quarterly dividend (+9.1% YoY).
- Announced $17.2B acquisition of MGM Growth Properties (MGP) expected H1 2022; adds $1.009B annualized rent.
- Updated FY2021 AFFO guidance to $1.040-$1.045B (from $1.010-$1.035B), per share $1.79-$1.80.
- Repaid $2.1B Term Loan B; completed $3.4B equity offering (115M shares at $29.50 per share).