secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001705696-24-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000170569624000032/0001705696-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000170569624000032/vici-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001705696-24-000032

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