VICI - VICI Properties Stock

Market Summary

USD30.66+0.09

Market Closed

0.29%

VICI Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

VICI Stock Price

VICI RSI Chart

VICI Valuation

Market Cap

30.9B

Price/Earnings (Trailing)

14.34

Price/Sales (Trailing)

9.37

EV/EBITDA

15.93

Price/Free Cashflow

15.11

VICI Price/Sales (Trailing)

VICI Profitability

EBT Margin

46.54%

Return on Equity

5.99%

Return on Assets

3.33%

Free Cashflow Yield

6.62%

VICI Fundamentals

VICI Revenue

Revenue (TTM)

3.3B

Revenue Y/Y

35.55%

Revenue Q/Q

2.34%

VICI Earnings

Earnings (TTM)

2.2B

Earnings Y/Y

1.3K%

Earnings Q/Q

30.85%

Price Action

52 Week Range

28.4935.07

(Low)(High)

Last 7 days

-2.0%

Last 30 days

2.7%

Last 90 days

-1.5%

Trailing 12 Months

-5.9%

VICI Financial Health

Debt/Equity

0.71

Debt/Cashflow

0.13

VICI Investor Care

Dividend Yield

5.09%

Dividend/Share (TTM)

1.56

Shares Dilution (1Y)

4.60%

Diluted EPS (TTM)

2.22

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for VICI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-07-03	Holland Elizabeth I	acquired	-	-	192	-
2023-07-03	Douglas Monica Howard	acquired	-	-	48.00	-
2023-07-03	Cantor Diana F	acquired	-	-	400	-
2023-07-03	Rumbolz Michael D	acquired	-	-	160	-
2023-07-03	ABRAHAMSON JAMES R	acquired	-	-	480	-
2023-07-03	MACNAB CRAIG	acquired	-	-	360	-
2023-04-27	MACNAB CRAIG	acquired	-	-	5,322	-
2023-04-27	Holland Elizabeth I	acquired	-	-	5,322	-
2023-04-27	ABRAHAMSON JAMES R	acquired	-	-	5,322	-
2023-04-27	Cantor Diana F	acquired	-	-	5,322	-

Which funds bought or sold VICI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-14	Proquility Private Wealth Partners, LLC	reduced	-0.17	-114,047	2,877,010	1.12%
2023-09-12	Farther Finance Advisors, LLC	reduced	-6.8	-4,989	43,908	0.01%
2023-09-08	TUCKER ASSET MANAGEMENT LLC	reduced	-74.04	-28,643	9,555	-%
2023-08-30	Western Wealth Management, LLC	added	169	434,779	706,677	0.06%
2023-08-24	Alberta Investment Management Corp	unchanged	-	-19,516	515,452	-%
2023-08-23	WOLVERINE TRADING, LLC	added	31.54	682,510	2,974,510	-%
2023-08-22	VIRGINIA RETIREMENT SYSTEMS ET AL	added	1.02	-1,110,700	40,621,900	0.39%
2023-08-22	Asset Dedication, LLC	new	-	1,000	1,000	-%
2023-08-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	0.02	-1,931,560	51,345,800	0.07%
2023-08-21	BOKF, NA	reduced	-93.88	-51,630	3,237	-%

Latest Funds Activity

Are funds buying VICI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VICI

No. of Funds

Schedule 13G FIlings of VICI Properties

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	cohen & steers, inc.	0.23%	2,246,394	SC 13G/A
Feb 13, 2023	capital international investors	7.6%	75,641,102	SC 13G/A
Feb 13, 2023	capital world investors	2.1%	21,162,383	SC 13G/A
Feb 13, 2023	capital research global investors	5.0%	50,059,016	SC 13G
Feb 09, 2023	vanguard group inc	14.45%	144,131,966	SC 13G/A
Feb 03, 2023	state street corp	5.50%	54,889,378	SC 13G
Jan 24, 2023	blackrock inc.	9.8%	97,331,334	SC 13G/A
Feb 14, 2022	cohen & steers, inc.	6.10%	38,368,142	SC 13G
Feb 11, 2022	capital international investors	9.5%	59,597,681	SC 13G/A
Feb 11, 2022	capital world investors	5.0%	31,731,180	SC 13G

Recent SEC filings of VICI Properties

View All Filings

Date Filed	Form Type	Document
Jul 26, 2023	8-K	Current Report
Jul 26, 2023	10-Q	Quarterly Report
Jul 06, 2023	4	Insider Trading
Jul 06, 2023	4	Insider Trading
Jul 06, 2023	4	Insider Trading
Jul 06, 2023	4	Insider Trading
Jul 06, 2023	4	Insider Trading
Jul 06, 2023	4	Insider Trading

Peers (Alternatives to VICI Properties)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	48.1B	4.4B	-0.64%	-17.74%	11.24	10.95	14.80%	87.79%
DLR	38.3B	5.1B	5.88%	19.36%	89.57	7.47	13.73%	-68.04%
EQR	23.7B	2.0B	-0.94%	-9.83%	28.39	11.73	-22.97%	-33.54%
ARE	20.0B	2.7B	-1.78%	-21.80%	26.64	7.46	15.16%	88.51%
KIM	11.4B	1.8B	-1.65%	-8.89%	28.27	6.5	6.75%	-42.80%
MID-CAP
FRT	8.0B	1.1B	1.83%	2.50%	20.52	7.18	8.31%	38.10%
KRG	4.9B	820.5M	3.48%	19.66%	174.46	5.97	29.95%	125.56%
VNO	4.8B	1.8B	19.66%	-1.21%	-12.91	2.63	5.60%	-286.96%
MAC	2.6B	866.2M	4.87%	36.72%	-29.3	2.95	0.51%	-335.26%
SMALL-CAP
SLG	2.7B	882.0M	26.74%	-0.07%	-6.14	3.08	11.76%	-239.94%
SKT	2.4B	426.3M	-1.04%	52.78%	25.4	5.64	1.38%	137.97%
PGRE	1.1B	732.3M	9.89%	-25.11%	-13.31	1.55	-0.03%	-4012.90%
AIV	1.0B	339.3M	-9.41%	-15.44%	-5.79	3.02	88.48%	-168.70%

VICI Properties News

Returns for VICI

Cumulative Returns on VICI

12.1%

5-Year Cumulative Returns

12.4%

3-Year Cumulative Returns

Risks for VICI

What is the probability of a big loss on VICI?

20%

Probability that VICI Properties stock will be more than 20% underwater in next one year

20%

Probability that VICI Properties stock will be more than 30% underwater in next one year.

19.2%

Probability that VICI Properties stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does VICI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if VICI Properties was unfortunately bought at previous high price.

Drawdowns

Financials for VICI Properties

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	7.7%	3,297	3,062	2,601	2,214	1,838	1,552	1,510	1,499	1,463	1,345	1,226	1,090	973	936	895	883	893	894	898	860	836
Operating Expenses	-58.1%	434	1,036	991	1,007	767	156	76.00	52.00	222	179	321	327	141	207	52.00	72.00	106	123	140	153	139
S&GA Expenses	5.8%	57.00	54.00	48.00	42.00	39.00	35.00	33.00	32.00	32.00	32.00	31.00	28.00	26.00	25.00	25.00	24.00	23.00	23.00	24.00	30.00	33.00
EBITDA	-100.0%	-	2,104	1,682	1,252	1,075	1,383	1,422	1,435	1,578	1,501	1,206	1,010	752	652	804	-	-	-	-	-	-
EBITDA Margin	-100.0%	-	0.69*	0.65*	0.57*	0.58*	0.89*	0.94*	0.96*	1.08*	1.12*	0.98*	0.93*	0.77*	0.70*	0.90*	-	-	-	-	-	-
Interest Expenses	10.4%	747	676	540	441	437	383	392	399	312	310	309	303	294	271	248	231	217	213	213	222	224
Earnings Before Taxes	53.4%	2,186	1,425	1,139	808	635	997	1,026	1,032	1,264	1,191	897	708	458	381	556	600	585	573	534	431	399
EBT Margin	-100.0%	-	0.47*	0.44*	0.36*	0.35*	0.64*	0.68*	0.69*	0.86*	0.89*	0.73*	0.65*	0.47*	0.41*	0.62*	-	-	-	-	-	-
Net Income	53.3%	2,154	1,405	1,118	797	628	989	1,014	1,025	1,261	1,190	892	706	453	375	550	594	580	564	524	424	392
Net Income Margin	-100.0%	-	0.46*	0.43*	0.36*	0.34*	0.63*	0.67*	0.68*	0.86*	0.88*	0.73*	0.64*	0.46*	0.40*	0.61*	-	-	-	-	-	-
Free Cashflow	-100.0%	-	2,167	1,943	1,741	1,437	1,039	896	955	976	899	881	782	735	701	679	-	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	1.0%	42,251	41,853	37,576	37,308	37,289	21,741	17,597	17,549	17,220	17,085	17,064	16,852	16,278	14,907	13,266	12,581	12,522	11,449	11,333	10,569	10,565
Cash Equivalents	198.3%	739	248	209	518	614	569	740	670	408	323	316	144	1,681	369	1,102	431	1,205	598	598	145	941
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70.00	-	-	72.00	72.00	72.00	73.00
Liabilities	-0.1%	18,166	18,178	15,286	15,246	15,174	6,258	5,410	5,420	7,484	7,485	7,570	7,482	7,203	7,183	5,217	4,507	4,450	4,403	4,432	4,361	4,392
Long Term Debt	0.1%	16,624	16,606	13,740	13,731	13,722	5,297	4,695	4,692	6,773	6,769	6,766	6,762	6,758	6,754	4,792	4,125	4,124	4,123	4,122	-	-
Shareholder's Equity	0.2%	23,717	23,675	21,934	21,710	22,115	15,484	12,187	12,129	9,735	9,600	9,494	9,370	9,074	7,724	8,049	8,074	8,072	7,046	6,901	6,207	6,173
Retained Earnings	135.2%	518	220	93.00	-133	-88.61	316	346	291	356	232	139	29.00	-191	-262	208	247	239	220	187	161	137
Additional Paid-In Capital	0.5%	23,015	22,911	21,645	21,642	21,644	14,972	11,755	11,753	9,367	9,364	9,364	9,362	9,297	8,019	7,818	7,816	7,815	6,778	6,648	5,954	5,953
Shares Outstanding	0.3%	1,007	1,004	963	963	963	748	629	629	537	537	537	537	534	469	461	461	461	411	405	370	370
Minority Interest	1.3%	368	363	356	353	352	79.00	79.00	79.00	78.00	78.00	78.00	78.00	82.00	81.00	84.00	84.00	84.00	84.00	84.00	83.00	83.00

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-5.7%	2,045	2,167	1,943	1,741	1,437	1,039	896	955	976	902	884	784	738	704	682	613	520	497	504	458	501
Share Based Compensation	5.8%	15.00	14.00	13.00	12.00	11.00	10.00	9.00	9.00	9.00	8.00	7.00	7.00	6.00	6.00	5.00	5.00	4.00	3.00	2.00	3.00	3.00
Cashflow From Investing	72.2%	-1,872	-6,744	-9,304	-8,867	-8,643	-4,019	41.00	27.00	-3,666	-3,676	-4,548	-4,561	-1,652	-2,099	-1,361	-1,664	-1,649	-1,241	-1,140	-1,968	-1,568
Cashflow From Financing	-101.1%	-47.65	4,256	6,830	6,975	7,412	3,227	-514	-457	-582	726	2,879	3,458	3,362	3,144	1,183	1,370	1,408	435	1,038	1,600	2,266
Dividend Payments	9.2%	1,501	1,374	1,219	1,070	901	809	759	709	691	653	612	572	546	525	504	473	438	379	263	156	79.00

VICI Income Statement

2023-06-30

VICI PROPERTIES INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Income from sales-type leases	$ 495,355	$ 375,169	$ 973,749	$ 701,904
Income from lease financing receivables, loans and securities	373,132	261,721	744,201	334,599
Other income	18,525	15,563	36,864	23,949
Golf revenues	11,146	10,170	20,991	18,796
Total revenues	898,158	662,623	1,775,805	1,079,248
Operating expenses
General and administrative	14,920	11,782	29,925	21,248
Depreciation	887	779	1,701	1,555
Other expenses	18,525	15,563	36,864	23,949
Golf expenses	6,590	5,859	12,542	11,144
Change in allowance for credit losses	(41,355)	551,876	70,122	632,696
Transaction and acquisition expenses	777	16,664	(181)	17,419
Total operating expenses	344	602,523	150,973	708,011
Income from unconsolidated affiliate	0	15,134	1,280	15,134
Interest expense	(203,594)	(133,128)	(407,954)	(201,270)
Interest income	5,806	780	8,853	873
Other (gains) losses	3,454	0	5,417	0
Income (loss) before income taxes	703,480	(57,114)	1,232,428	185,974
Income tax expense	(1,899)	(1,027)	(2,986)	(1,427)
Net income (loss)	701,581	(58,141)	1,229,442	184,547
Less: Net (income) loss attributable to non-controlling interests	(10,879)	435	(20,000)	(1,870)
Net income (loss) attributable to common stockholders	$ 690,702	$ (57,706)	$ 1,209,442	$ 182,677
Net income (loss) per common share
Basic (in dollars per share)	$ 0.69	$ (0.06)	$ 1.20	$ 0.23
Diluted (in dollars per share)	$ 0.69	$ (0.06)	$ 1.20	$ 0.23
Weighted average number of shares of common stock outstanding
Basic (in shares)	1,006,893,810	896,545,880	1,004,189,744	791,029,664
Diluted (in shares)	1,007,968,422	896,545,880	1,005,879,395	793,224,837
Other comprehensive income
Net income (loss)	$ 701,581	$ (58,141)	$ 1,229,442	$ 184,547
Reclassification of derivative gain to Interest expense	(6,037)	(4,159)	(12,074)	(4,159)
Unrealized gain on cash flow hedges	7,573	91,939	180	200,550
Foreign currency translation adjustments	1,732	0	68	0
Comprehensive income	704,849	29,639	1,217,616	380,938
Comprehensive (income) loss attributable to non-controlling interest	(10,918)	487	(19,857)	(1,818)
Comprehensive income attributable to common stockholders	$ 693,931	$ 30,126	$ 1,197,759	$ 379,120

VICI Balance Sheet

2023-06-30

VICI PROPERTIES INC. CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)

Jun. 30, 2023

Dec. 31, 2022

Real estate portfolio:

Investments in leases - sales-type, net

^[1]

$ 22,655,164,000

$ 17,172,325,000

Investment in unconsolidated affiliate

0

1,460,775,000

Land

150,727,000

153,560,000

Cash and cash equivalents

738,793,000

208,933,000

Short-term investments

0

217,342,000

Other assets

^[1]

934,139,000

936,328,000

Total assets

42,250,610,000

37,575,826,000

Liabilities

Debt, net

16,624,197,000

13,739,675,000

Accrued expenses and deferred revenue

210,534,000

213,388,000

Dividends and distributions payable

397,480,000

380,178,000

Other liabilities

933,824,000

952,472,000

Total liabilities

18,166,035,000

15,285,713,000

Commitments and contingent liabilities (Note 10)

Stockholders’ equity

Common stock, $0.01 par value, 1,350,000,000 shares authorized and 1,007,426,510 and 963,096,563 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively

10,074,000

9,631,000

Preferred stock, $0.01 par value, 50,000,000 shares authorized and no shares outstanding at June 30, 2023 and December 31, 2022

0

Additional paid-in capital

23,014,913,000

21,645,499,000

Accumulated other comprehensive income

173,670,000

185,353,000

Retained earnings

518,059,000

93,154,000

Total VICI stockholders’ equity

23,716,716,000

21,933,637,000

Non-controlling interests

367,859,000

356,476,000

Total stockholders’ equity

24,084,575,000

22,290,113,000

Total liabilities and stockholders’ equity

42,250,610,000

37,575,826,000

Investments in leases - financing receivables, net

Real estate portfolio:

Investments in leases and loans

^[1]

17,144,528,000

16,740,770,000

Investments in loans and securities, net

Real estate portfolio:

Investments in leases and loans

^[1]

$ 627,259,000

$ 685,793,000

[1]

Note: As of June 30, 2023 and December 31, 2022, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and securities, and Other assets (sales-type sub-leases) are net of allowance for credit losses of $711.2 million, $670.0 million, $13.5 million and $16.3 million, respectively, and $570.4 million, $726.7 million, $6.9 million and $19.8 million, respectively. Refer to Note 5 - Allowance for Credit Losses for further details.

About VICI Properties

Edward B. Pitoniak

www.viciproperties.com

150

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.

Market Summary

VICI Alerts

VICI Stock Price

VICI RSI Chart

VICI Valuation

VICI Price/Sales (Trailing)

VICI Profitability

VICI Fundamentals

VICI Revenue

VICI Earnings

Price Action

52 Week Range

VICI Financial Health

VICI Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for VICI

Which funds bought or sold VICI recently?

Latest Funds Activity

VICI Alerts

Schedule 13G FIlings of VICI Properties

Recent SEC filings of VICI Properties

Peers (Alternatives to VICI Properties)

VICI Properties News

Returns for VICI

Cumulative Returns on VICI

Risks for VICI

What is the probability of a big loss on VICI?

How does VICI drawdown profile look like?

Financials for VICI Properties

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

VICI Income Statement

VICI Balance Sheet

About VICI Properties

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)