secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001705696-23-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VICI Q1 revenue $877.6M (+110.7% YoY), AFFO $0.53, closes $1.3B MGM Grand JV buyout
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- Net income $518.7M ($0.52 EPS), up 115.8% YoY; AFFO $528.6M ($0.53) up 73%.
- Acquired four Canadian casinos from PURE for C$271.9M; master lease at 8.0% cap rate.
- Bought remaining 49.9% of MGM Grand/Mandalay Bay JV for $1.3B cash plus debt assumption.
- Entered triple-net lease with Cherokee Nation for Gold Strike Casino at $40M annual rent.
- Reaffirmed full-year 2023 AFFO guidance; dividend $0.39/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000170569623000071/0001705696-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000170569623000071/vici-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001705696-23-000071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer