---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-23-000034"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:58:07.462191+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# VICI Properties Q4 revenue $770M (+101% YoY); AFFO per share $0.51; full year AFFO $1.69B

## Summary
- Q4 total revenues $769.9M (+100.9% YoY); net income $604.1M (+114.6%).
- Q4 AFFO $487.6M (+74.8%); AFFO per share $0.51 vs $0.44.
- Full year 2022 AFFO $1.69B (+61.7%); AFFO per share $1.93 vs $1.82.
- Acquired remaining 49.9% of MGM Grand/Mandalay Bay JV for ~$1.3B; closed Jan 2023.
- First international investment: acquired four Alberta gaming properties for C$271.9M.

## SEC filing metadata
- accession: 0001705696-23-000034
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569623000034/0001705696-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569623000034/vici-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-23-000034
- JSON: https://secwatch.observer/filing/0001705696-23-000034.json
- Plain text: https://secwatch.observer/filing/0001705696-23-000034.txt

## Key facts
- Earnings Releases
  VICI PROPERTIES INC. reported the quarter ended December 31, 2022 results: revenue $769.9 million, net income $604.1 million, EPS $0.63. Guidance initiated.
  - Period: the quarter ended December 31, 2022
  - Revenue: $769.9 million
  - Net income: $604.1 million
  - EPS: $0.63
  - Guidance: initiated
  - Result: reported results
  source text: Fourth Quarter 2022 Financial and Operating Highlights • Total revenues increased 100.9% year-over-year to $769.9 million • Net income attributable to common stockholders increased 114.6% year-over-year to $604.1 million and, on a per share basis, increased 41.7% year-over-year to $0.63
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705696/000170569623000034/0001705696-23-000034-index.htm
- Earnings Releases
  VICI PROPERTIES INC. reported the fiscal year ended December 31, 2022 results: revenue $2.6 billion, net income $1.1 billion, EPS $1.27. Guidance initiated.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $2.6 billion
  - Net income: $1.1 billion
  - EPS: $1.27
  - Guidance: initiated
  - Result: reported results
  source text: Full Year 2022 Financial and Operating Highlights • Total revenues increased 72.3% year-over-year to $2.6 billion • Net income attributable to common stockholders increased 10.2% year-over-year to $1.1 billion and, on a per share basis, decreased 27.7% year-over-year to $1.27
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705696/000170569623000034/0001705696-23-000034-index.htm

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