Vici Properties ( (VICI) ) has released its Q1 earnings. Here is a breakdown of the information Vici Properties presented to its investors.
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VICI Properties Inc., a leading experiential real estate investment trust, specializes in owning and leasing gaming, hospitality, and entertainment properties across the United States and Canada. The company is known for its extensive portfolio, including iconic Las Vegas Strip locations like Caesars Palace and MGM Grand.
In its first quarter of 2025, VICI Properties reported a 3.4% increase in total revenues, reaching $984.2 million. Despite this growth, net income attributable to common stockholders saw a decline of 7.9% year-over-year, totaling $543.6 million. The company also announced several strategic investments, including a $510 million development fund for a tribal casino and a $300 million mezzanine loan for a luxury development in Beverly Hills.
Key financial highlights include a 5.6% increase in Adjusted Funds From Operations (AFFO) to $616 million, and the successful issuance of $1.3 billion in investment-grade senior notes to refinance existing debt. VICI Properties also raised its full-year 2025 AFFO guidance, reflecting confidence in its financial strategy and market positioning.
Looking ahead, VICI Properties remains focused on strategic partnerships and maintaining a strong balance sheet to support future growth. The company’s management is optimistic about its ability to capitalize on market opportunities and continue delivering value to shareholders.