earnings
confidence high
sentiment positive
materiality 0.80
VICI Q3 revenue doubles YoY to $751.5M; raises AFFO guidance, hikes dividend 8.3%
VICI PROPERTIES INC.
2022-Q3 EPS reported
$0.60
revenue$1,830,791,000
- Total revenues $751.5M (+100% YoY); AFFO $470.7M ($0.49/share, +8.5% YoY).
- Quarterly dividend increased 8.3% to $0.39/share; paid Oct 6.
- Announced $203.9M acquisition of Rocky Gap Casino Resort (7.6% cap rate), expected close mid-2023.
- Expanded Great Wolf partnership with two loans up to $186M; post-quarter $200M Canyon Ranch loan.
- Updated FY2022 AFFO guidance: $1.682B-$1.692B ($1.91-$1.92 per share), up from prior range.