VICI Q4 revenue +21% to $932M, AFFO +17% to $570M; guides FY2024 AFFO growth high-end of REITs

VICI PROPERTIES INC.

2023-FY EPS reported $2.47 revenue$3,611,988,000

Q4 total revenues $931.9M (+21% YoY); net income $747.8M (+23.8% YoY); AFFO $570.4M (+17% YoY); AFFO per share $0.55 (+8.8% YoY).
Full year 2023 total revenues $3.6B (+38.9% YoY); net income $2.5B (+124.9% YoY); AFFO $2.2B (+29.1% YoY); AFFO per share $2.15 (+11.8% YoY).
Deployed ~$1.8B in 2023 at 7.7% blended yield; acquisitions include Bowlero (38 centers, $432.9M) and Chelsea Piers ($342.9M).
Quarterly dividend raised 6.4% to $0.415/share, sixth consecutive annual increase.
Established FY2024 AFFO guidance; expects growth on high end of S&P 500 REIT averages.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VICI PROPERTIES INC. reported the quarter and year ended December 31, 2023 results: revenue $931.9 million, net income $747.8 million, EPS $0.72.

Period: the quarter and year ended December 31, 2023
Revenue: $931.9 million
Net income: $747.8 million
EPS: $0.72
Result: reported results

Exact text from the filing

herein are on a per diluted share basis unless otherwise stated. Fourth Quarter 2023 Financial and Operating Highlights • Total revenues increased 21.0% year-over-year to $931.9 million • Net income attributable to common stockholders increased 23.8% year-over-year to $747.8 million and, on a per share basis, increased 15.1% year-over-year to $0.72 • AFFO

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Source: SEC EDGAR

accession 0001705696-24-000032

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