VICI Properties Reports 2024 Q4 and Full Year Results

Summary

VICI Properties Inc. reported a 4.7% increase in total revenues for Q4 2024 to $976.1 million, with Adjusted Funds From Operations (AFFO) rising 5.4% to $601.3 million. For the full year 2024, total revenues grew by 6.6% to $3.8 billion, and AFFO increased by 8.4% to $2.4 billion. The company also announced approximately $1.1 billion in capital commitments and deployed capital monthly. Net income attributable to common stockholders decreased by 17.8% for Q4 2024 to $614.6 million due to a change in the CECL allowance. VICI Properties established a strategic relationship with Cain International and Eldridge Industries with a $300 million investment in a new luxury development. The company has provided preliminary AFFO guidance for 2025 between $2.455 billion and $2.485 billion.