secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001705696-25-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VICI Q4 revenue +4.7% to $976M; AFFO $0.57 (+5.4%); FY24 AFFO $2.26; 2025 guidance
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- Q4 total revenues $976.1M (+4.7% YoY); net income $614.6M ($0.58) down 17.8% on CECL change.
- Q4 AFFO $601.3M ($0.57) up 5.4% YoY; FY24 AFFO $2.37B ($2.26) up 8.4%.
- Announced ~$1.1B capital commitments at 8.1% yield in 2024 (Venetian $700M, Great Wolf $250M, Homefield $105M).
- Post-Q4: new $2.5B revolving credit facility; $300M mezzanine loan for One Beverly Hills with Cain/Eldridge.
- Moody's upgraded to Baa3; annualized dividend increased 4.2% in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000170569625000032/0001705696-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000170569625000032/vici-20250220.htm
  HTML page:      https://secwatch.observer/filing/0001705696-25-000032

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