---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-25-000086"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:29:46.036825+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# VICI Q1 AFFO $0.58 (+4.3% YoY), raises 2025 AFFO guidance to $2.47-2.50B

## Summary
- Total revenues $984.2M (+3.4% YoY); AFFO per share $0.58 (+4.3% YoY).
- Raised 2025 AFFO guidance to $2,470M-$2,500M ($2.33-$2.36 per share).
- Post-quarter-end: committed up to $510M for North Fork Mono Casino (managed by Red Rock Resorts).
- Issued $1.3B of senior notes (4.75% due 2028, 5.625% due 2035) to refinance 2025 maturities.
- Declared Q1 dividend of $0.4325 per share.

## SEC filing metadata
- accession: 0001705696-25-000086
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569625000086/0001705696-25-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569625000086/vici-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-25-000086
- JSON: https://secwatch.observer/filing/0001705696-25-000086.json
- Plain text: https://secwatch.observer/filing/0001705696-25-000086.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.