earnings
confidence high
sentiment positive
materiality 0.80
VICI Q2 revenue $898M (+35.5% YoY); AFFO per share $0.54 (+11.9%); 2023 guidance raised
VICI PROPERTIES INC.
2023-Q2 EPS reported
$1.20
revenue$1,775,805,000
- Total revenues $898.2M (+35.5% YoY); net income $690.7M vs -$57.7M last year.
- AFFO $540.4M (+25.7% YoY), $0.54 per share (+11.9% YoY).
- Announced C$221.7M acquisition of 4 Century Casinos properties in Canada (7.8% cap rate), expected H2 2023.
- Post-quarter: closed Rocky Gap ($203.9M), Canyon Ranch preferred equity up to $150M with call rights on two resorts.
- Updated 2023 AFFO guidance to $2,130M-$2,160M ($2.11-$2.14 per share).