earnings
confidence high
sentiment positive
materiality 0.90
VICI Q4 revenue $1.0B (+3.8%), AFFO $0.60 (+5.6%); announces $1.16B Golden casino acquisition
VICI PROPERTIES INC.
2025-FY EPS reported
$2.61
revenue$4,006,116,000
- Q4 total revenues $1.0B (+3.8% YoY); AFFO $642.5M (+6.8%), AFFO per share $0.60 (+5.6%).
- Full year 2025 AFFO $2.5B (+6.6%), AFFO per share $2.38 (+5.1%); annual dividend raised 4% to $0.45/quarter.
- Agreed to acquire 7 Nevada casinos from Golden for $1.16B in stock/assumed $426M debt; expected mid-2026.
- Entered Clairvest lease for MGM Northfield Park at $53M-$54M annual rent; expected close H1 2026.
- Provided preliminary 2026 AFFO guidance; deployed $2.1B in 2025 capital at 8.9% weighted average yield.