secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001705696-22-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000170569622000089/0001705696-22-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000170569622000089/vici-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001705696-22-000089

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