VICI Properties Reports Third Quarter 2024 Results and Updates Guidance

Summary

VICI Properties Inc. reported its third quarter 2024 financial results, showing a 6.7% year-over-year increase in total revenues to $964.7 million. Net income attributable to common stockholders increased by 31.7% to $732.9 million, or $0.70 per share. Adjusted Funds from Operations (AFFO) attributable to common stockholders rose by 8.4% to $593.9 million, or $0.57 per share. The company declared a quarterly cash dividend of $0.4325 per share, representing a 4.2% year-over-year increase. VICI Properties updated its full-year 2024 AFFO guidance to between $2,360 million and $2,370 million, or between $2.25 and $2.26 per diluted share.