VICI Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Other Revenue	117.26	117.87	113.57	154.99	58.35
Total Revenue	4,006	3,849	3,613	2,660	1,510
Revenue Growth (YoY	4.08%	6.53%	35.81%	76.24%	23.17%
Property Expenses	34.46	31.46	35.11	45.26	31.16
Selling, General & Administrative	71.83	75.86	66.19	53.68	33.12
Depreciation & Amortization	3.64	4.13	4.3	3.18	3.09
Other Operating Expenses	70.73	70.67	66.74	54.29	27.81
Total Operating Expenses	358.54	308.84	275.16	990.9	75.63
Operating Income	3,648	3,540	3,338	1,670	1,434
Interest Expense	-843.61	-826.1	-818.06	-539.95	-392.39
Interest & Investment Income	14.36	16.1	23.97	9.53	0.12
Other Non-Operating Income	2.66	0.58	4.46	-	-
EBT Excluding Unusual Items	2,821	2,731	2,548	1,139	1,042
Other Unusual Items	-	-	-	-	-15.62
Pretax Income	2,821	2,731	2,548	1,139	1,026
Income Tax Expense	2.44	9.7	-6.14	2.88	2.89
Earnings From Continuing Operations	2,819	2,721	2,555	1,136	1,023
Minority Interest in Earnings	-43.05	-42.43	-41.08	-18.63	-9.31
Net Income	2,775	2,679	2,514	1,118	1,014
Net Income to Common	2,775	2,679	2,514	1,118	1,014
Net Income Growth	3.61%	6.58%	124.90%	10.24%	13.70%
Basic Shares Outstanding	1,062	1,047	1,015	878	564
Diluted Shares Outstanding	1,063	1,048	1,016	880	577
Shares Change (YoY)	1.43%	3.14%	15.47%	52.44%	12.95%
EPS (Basic)	2.61	2.56	2.48	1.27	1.80
EPS (Diluted)	2.61	2.56	2.47	1.27	1.76
EPS Growth	1.98%	3.61%	94.49%	-27.84%	0.57%
Dividend Per Share	1.765	1.695	1.610	1.500	1.380
Dividend Growth	4.13%	5.28%	7.33%	8.70%	9.96%
Operating Margin	91.05%	91.98%	92.38%	62.76%	94.99%
Profit Margin	69.28%	69.59%	69.56%	42.01%	67.16%
EBITDA	3,651	3,544	3,342	1,673	1,437
EBITDA Margin	91.14%	92.08%	92.50%	62.87%	95.19%
D&A For Ebitda	3.64	4.13	4.3	3.18	3.09
EBIT	3,648	3,540	3,338	1,670	1,434
EBIT Margin	91.05%	91.98%	92.38%	62.76%	94.99%
Funds From Operations (FFO)	2,775	2,679	-	-	-
FFO Per Share	2.61	2.56	-	-	-
Adjusted Funds From Operations (AFFO)	2,526	2,371	-	-	-
AFFO Per Share	2.38	2.26	-	-	-
FFO Payout Ratio	66.78%	65.44%	-	-	-
Effective Tax Rate	0.09%	0.36%	-	0.25%	0.28%
Revenue as Reported	4,006	3,849	3,612	2,601	1,510

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.