earnings
confidence high
sentiment positive
materiality 0.80
VICI Q4 AFFO up 11%; completes $4B Venetian acquisition; guides FY2022 AFFO $1.80-1.84
VICI PROPERTIES INC.
2021-FY EPS reported
$1.76
revenue$1,509,568,000
- Q4 total revenues $383.2M (+2.7% YoY); AFFO $278.9M (+10.8% YoY); AFFO per share $0.44 (vs $0.46 YoY due to dilution).
- Full-year 2021 revenues $1.51B (+23.2% YoY); AFFO $1.047B (+25.3%); AFFO per share $1.82 (+11% YoY).
- Completed $4.0B acquisition of The Venetian Resort Las Vegas on Feb 23, 2022, financed with cash and equity.
- Preliminary 2022 AFFO guidance: $1.317B-$1.347B, or $1.80-$1.84 per diluted share, excluding pending MGP deal.
- Quarterly dividend increased 9.1% to $0.36 per share; paid Q4 2021 dividend on Jan 6, 2022.