---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-25-000130"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:22:53.277631+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# VICI Q3 revenue $1.0B (+4.4%), AFFO $637.6M (+7.4%); raises dividend, adds Clairvest tenant

## Summary
- Q3 revenue $1.0B (+4.4% YoY); net income $762M ($0.71); AFFO $637.6M ($0.60, +5.3% per share).
- Declared Q3 dividend $0.45/share (+4% YoY), 8th consecutive annual increase.
- Updated FY2025 AFFO guidance to $2,510-2,520M ($2.36-2.37 per diluted share).
- Post-quarter, agreed to lease MGM Northfield Park to Clairvest at $53M/yr initial rent; 25-yr term; close H1 2026.
- Settled forward sales for 12.1M shares (~$376M); liquidity $3.1B including $507.5M cash.

## SEC filing metadata
- accession: 0001705696-25-000130
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569625000130/0001705696-25-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569625000130/vici-20251030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-25-000130
- JSON: https://secwatch.observer/filing/0001705696-25-000130.json
- Plain text: https://secwatch.observer/filing/0001705696-25-000130.txt

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