secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001705696-22-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VICI Q2 AFFO up 68% to $430M; closes MGP acquisition, issues $5B notes
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- AFFO per share $0.48 (+3.7% YoY); net loss $(0.06)/share due to $551.9M CECL allowance increase.
- Total revenues $662.6M (+76% YoY); reaffirms FY2022 AFFO guidance of $1.66-1.69B ($1.89-1.92/share).
- Closed MGP acquisition on Apr 29, issuing 214.6M shares and paying $4.4B cash to MGM; new MGM Master Lease with initial annual rent $860M.
- Issued $5.0B inaugural investment-grade senior notes (weighted avg rate 5.00%) to fund MGP cash consideration and revolver paydown.
- Added to S&P 500 on June 8; quarterly dividend maintained at $0.36/share; new loans/agreements with Cabot and Great Wolf.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000170569622000110/0001705696-22-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000170569622000110/vici-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001705696-22-000110

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