NYSE$VICI

VICI Properties Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced record revenue growth and reaffirmed guidance for full year 2021.

VICI Properties Inc. reported a strong first quarter in 2021, marked by a 46.8% year-over-year increase in total revenues to $374.3 million. The company also announced a significant $4.0 billion acquisition of the Venetian Resort Las Vegas and the Sands Expo and Convention Center, expected to generate $250 million of incremental annual rent upon closing.

  • Total revenues increased 46.8% year-over-year to $374.3 million.
  • Net income attributable to common stockholders was $269.8 million, or $0.50 per share.
  • AFFO increased 41.7% year-over-year to $255.0 million.
  • Announced a $4.0 billion acquisition of the land and real estate assets of The Venetian Resort Las Vegas and the Sands Expo and Convention Center.

Headline financials

Total Revenue

$374M

Previous: $255M+46.8%
EPS (adj)

$0.47

Previous: $0.38+23.7%
Capital Expenditures

-$1.25M

Previous: -$1.33M+6.2%
Free Cash Flow

$269M

Previous: -$25.3M+1159.8%
Net Income

$270M

Previous: -$24M+1223.6%
Operating Income

$330M

Previous: $88M+275.0%
Gross Profit

$370M

Previous: $251M+47.5%
Cash & Equivalents

$323M

Previous: $369M-12.6%
Total Assets

$17.1B

Previous: $14.9B+14.6%
Stock-Based Comp

$2.28M

Previous: $1.35M+68.7%

Revenue & EPS history

VICI Properties · Revenue · Quarterly

$374M

Q1 2021+46.8%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

VICI Properties · $374M total across 4 segments · Q1 2021

  • Income from Sales-Type Leases
    $290M+29.4%
  • Lease Financing and Loans
    $70.4M+448.0%
  • Other Income
    $6.97M
  • Golf Revenues
    $6.81M+8.1%

Forward guidance

The Company is reaffirming AFFO guidance for the full year 2021. The Company estimates AFFO for the year ending December 31, 2021 will be between $1,010.0 million and $1,035.0 million, or between $1.82 and $1.87 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-1.0%

Avg return

30 days after

47%

16 / 34 earnings

Positive

+4.8%

Q3 2022

Best reaction

-7.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-2.0%-1.5%
Q4 2025+2.2%-0.1%-12.0%
Q3 2025+1.9%+2.2%-2.4%
Q1 2025-1.6%-1.5%-1.0%
Q4 2024+1.7%+5.3%+2.5%
Q3 2024-3.0%-1.2%+0.6%
Q2 2024-0.3%-2.1%+6.6%
Q1 2024+0.9%+1.8%+0.6%
Q4 2023+1.3%-0.9%-2.8%
Q3 2023-1.4%-2.8%+2.5%
Q2 2023-2.8%-4.1%-7.1%
Q1 2023-3.7%-3.3%-8.9%
Q4 2022-0.5%+0.2%-7.2%
Q3 2022+4.8%+6.7%+8.8%
Q2 2022+2.8%+4.0%+2.3%
Q1 2022-0.6%-8.9%+4.9%
Q4 2021+0.8%+2.4%+0.0%
Q3 2021-0.6%-2.1%-7.9%
Q2 2021-2.4%-3.3%-3.8%
Q1 2021+0.7%+0.7%-1.1%
Q4 2020+2.4%+3.6%+2.6%
Q3 2020+2.7%+4.5%+13.5%
Q2 2020+4.6%+6.2%+11.0%
Q1 2020-7.5%-8.2%+9.6%
Q4 2019+2.5%-2.8%-55.2%
Q3 2019+2.3%+0.3%+3.1%
Q2 2019-2.4%-3.0%+3.1%
Q1 2019+0.1%-0.2%-2.7%
Q4 2018-0.9%-1.2%-0.1%
Q3 2018-0.7%+1.0%+0.8%
Q2 2018-2.3%-0.7%+4.5%
Q1 2018+0.8%+3.0%+11.2%
Q4 2017-0.1%-0.1%-6.8%
Q3 2017-0.8%
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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