---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-22-000089"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:49:18.221908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# VICI Q1 revenue $416.6M (+11.3%); completes $17.2B MGP and $4B Venetian acquisitions

## Summary
- AFFO $305.5M (+19.8% YoY); AFFO per share $0.44 (down from $0.47 on dilution).
- Q1 net income $240.4M ($0.35 diluted EPS); CECL allowance increased $80.8M related to Venetian loan.
- Completed $4.0B Venetian land acquisition Feb 23, 2022; financed with $3.2B forward equity and $600M credit facility.
- After quarter end, closed $17.2B MGP acquisition April 29; issued 214.5M shares plus $4.4B cash to MGM.
- Raised 2022 AFFO guidance to $1.66–1.69B (prior $1.317–1.347B); diluted share count estimated at 878.6M.

## SEC filing metadata
- accession: 0001705696-22-000089
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569622000089/0001705696-22-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569622000089/vici-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-22-000089
- JSON: https://secwatch.observer/filing/0001705696-22-000089.json
- Plain text: https://secwatch.observer/filing/0001705696-22-000089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.