---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-26-000033"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:21:57.998020+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# VICI Q4 revenue $1.0B (+3.8%), AFFO $0.60 (+5.6%); announces $1.16B Golden casino acquisition

## Summary
- 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.

## SEC filing metadata
- accession: 0001705696-26-000033
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569626000033/0001705696-26-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569626000033/vici-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-26-000033
- JSON: https://secwatch.observer/filing/0001705696-26-000033.json
- Plain text: https://secwatch.observer/filing/0001705696-26-000033.txt

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