secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001705696-26-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000170569626000033/0001705696-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000170569626000033/vici-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001705696-26-000033

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