Vici Properties ( (VICI) ) has released its Q2 earnings. Here is a breakdown of the information Vici Properties presented to its investors.
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VICI Properties Inc. is a leading experiential real estate investment trust (REIT) that owns a diverse portfolio of gaming, hospitality, and entertainment properties across the United States and Canada, including iconic locations on the Las Vegas Strip.
In its second quarter of 2025, VICI Properties reported a 4.6% increase in total revenues, reaching $1.0 billion. The company also raised its guidance for the full year, reflecting strong financial performance and strategic investments.
Key financial highlights include a 16.7% increase in net income attributable to common stockholders, totaling $865.1 million, and a 6.4% rise in Adjusted Funds From Operations (AFFO) to $630.2 million. Strategic moves included a $510 million investment in a new casino and resort development in California and a $150 million increase in investment for a luxury development in Beverly Hills.
The company successfully issued $1.3 billion in senior unsecured notes to refinance existing debt, demonstrating its proactive financial management. VICI ended the quarter with $233 million in cash and $621.5 million in forward sale equity proceeds, bolstering its liquidity position.
Looking ahead, VICI Properties is optimistic about its growth prospects, supported by its strategic partnerships and robust investment activities. The company has raised its AFFO guidance for 2025, indicating confidence in continued financial and operational success.