VICI Properties Inc. (VICI)

VICI Properties Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	-	-	-	-	-	25.46
Other Revenue	117.33	117.87	113.57	154.99	58.35	39.59
Total Revenue	3,926	3,849	3,613	2,660	1,510	1,226
Revenue Growth (YoY	4.85%	6.53%	35.81%	76.24%	23.17%	36.97%
Property Expenses	38.02	31.46	35.11	45.26	31.16	26.32
Selling, General & Administrative	73.32	75.86	66.19	53.68	33.12	30.66
Depreciation & Amortization	3.74	4.13	4.3	3.18	3.09	3.73
Other Operating Expenses	71.08	70.67	66.74	54.29	27.81	15.79
Total Operating Expenses	293.93	308.84	275.16	990.9	75.63	321.02
Operating Income	3,632	3,540	3,338	1,670	1,434	904.56
Interest Expense	-838.49	-826.1	-818.06	-539.95	-392.39	-308.61
Interest & Investment Income	12.87	16.1	23.97	9.53	0.12	6.8
Other Non-Operating Income	0.62	0.58	4.46	-	-	-
EBT Excluding Unusual Items	2,807	2,731	2,548	1,139	1,042	602.75
Other Unusual Items	-	-	-	-	-15.62	294.29
Pretax Income	2,807	2,731	2,548	1,139	1,026	897.04
Income Tax Expense	8.02	9.7	-6.14	2.88	2.89	0.83
Earnings From Continuing Operations	2,799	2,721	2,555	1,136	1,023	896.21
Minority Interest in Earnings	-43.14	-42.43	-41.08	-18.63	-9.31	-4.53
Net Income	2,756	2,679	2,514	1,118	1,014	891.67
Net Income to Common	2,756	2,679	2,514	1,118	1,014	891.67
Net Income Growth	4.58%	6.58%	124.90%	10.24%	13.70%	63.32%
Basic Shares Outstanding	1,054	1,047	1,015	878	564	506
Diluted Shares Outstanding	1,055	1,048	1,016	880	577	511
Shares Change (YoY)	1.95%	3.14%	15.47%	52.44%	12.95%	16.34%
EPS (Basic)	2.62	2.56	2.48	1.27	1.80	1.76
EPS (Diluted)	2.61	2.56	2.47	1.27	1.76	1.75
EPS Growth	2.38%	3.61%	94.49%	-27.84%	0.57%	41.13%
Dividend Per Share	1.730	1.695	1.610	1.500	1.380	1.255
Dividend Growth	4.22%	5.28%	7.33%	8.70%	9.96%	7.27%
Operating Margin	92.51%	91.98%	92.38%	62.76%	94.99%	73.81%
Profit Margin	70.20%	69.59%	69.56%	42.01%	67.16%	72.76%
EBITDA	3,636	3,544	3,342	1,673	1,437	908.29
EBITDA Margin	92.61%	92.08%	92.50%	62.87%	95.19%	74.11%
D&A For Ebitda	3.74	4.13	4.3	3.18	3.09	3.73
EBIT	3,632	3,540	3,338	1,670	1,434	904.56
EBIT Margin	92.51%	91.98%	92.38%	62.76%	94.99%	73.81%
Funds From Operations (FFO)	2,756	2,679	2,515	-	-	-
FFO Per Share	2.61	2.56	2.48	-	-	-
Adjusted Funds From Operations (AFFO)	-	2,371	2,187	-	-	-
AFFO Per Share	-	2.26	2.15	-	-	-
FFO Payout Ratio	65.35%	65.44%	62.98%	-	-	-
Effective Tax Rate	0.29%	0.36%	-	0.25%	0.28%	0.09%
Revenue as Reported	3,926	3,849	3,612	2,601	1,510	1,226

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q