NYSE$VICI

VICI Properties Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported an 11.3% increase in revenue and completed the strategic acquisition of MGM Growth Properties LLC and The Venetian Resort Las Vegas Real Estate.

VICI Properties Inc. reported an 11.3% year-over-year increase in total revenues to $416.6 million for the quarter ended March 31, 2022. The company completed the acquisition of the land and real estate assets of the Venetian Resort Las Vegas for $4.0 billion and closed the acquisition of MGM Growth Properties LLC for $17.2 billion subsequent to quarter-end.

  • Total revenues increased 11.3% year-over-year to $416.6 million.
  • Net income attributable to common stockholders and FFO were $240.4 million, or $0.35 per share.
  • AFFO increased 19.8% year-over-year to $305.5 million.
  • Completed the $4.0 billion acquisition of the land and real estate assets of The Venetian Resort Las Vegas.

Headline financials

Total Revenue

$417M

Previous: $374M+11.3%
EPS (adj)

$0.44

Previous: $0.47-6.4%
Capital Expenditures

-$4.01B

Previous: -$1.25M-321676.3%
Free Cash Flow

-$3.77B

Previous: $269M-1504.6%
Net Income

$240M

Previous: $270M-10.9%
Operating Income

$288M

Previous: $330M-12.7%
Gross Profit

$411M

Previous: $370M+11.2%
Cash & Equivalents

$569M

Previous: $323M+76.3%
Total Assets

$21.7B

Previous: $17.1B+27.3%
Stock-Based Comp

$2.63M

Previous: $2.28M+15.5%

Revenue & EPS history

VICI Properties · Revenue · Quarterly

$417M

Q1 2022+11.3%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

VICI Properties · $417M total across 4 segments · Q1 2022

  • Income from Sales-Type Leases
    $327M+12.6%
  • Lease Financing and Loans
    $72.9M+3.6%
  • Golf Revenues
    $8.63M+26.6%
  • Other Income
    $8.39M+20.2%

Forward guidance

The Company estimates AFFO for the year ending December 31, 2022 will be between $1,660.0 million and $1,690.0 million, or between $1.89 and $1.92 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 2022

Historical avgQ1 2022

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro