---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-25-000106"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T23:07:49.982849+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VICI Q2: Revenue $1.0B (+4.6%), AFFO/Share $0.60 (+4.9%); FY guidance raised

## Summary
- Total revenues $1.0B (+4.6% YoY); net income $865.1M ($0.82/diluted); AFFO $630.2M ($0.60/diluted).
- Raised FY2025 AFFO guidance to $2,500-2,520M ($2.35-2.37 per diluted share).
- Committed up to $510M delayed draw term loan for North Fork Mono Casino & Resort with Red Rock Resorts.
- Increased One Beverly Hills mezzanine loan by $150M to $450M total commitment.
- Issued $1.3B senior notes (5.356% blended); post-quarter settled 9.66M forward shares for ~$296M.

## SEC filing metadata
- accession: 0001705696-25-000106
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569625000106/0001705696-25-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569625000106/vici-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-25-000106
- JSON: https://secwatch.observer/filing/0001705696-25-000106.json
- Plain text: https://secwatch.observer/filing/0001705696-25-000106.txt

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