NYSE$VICI

VICI Properties Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

VICI Properties' Q2 2022 results were announced, highlighted by a 76.0% year-over-year increase in total revenues and the completion of the MGM Growth Properties LLC acquisition.

VICI Properties Inc. reported a transformational second quarter in 2022, marked by significant growth and strategic acquisitions. Total revenues increased by 76.0% year-over-year to $662.6 million. The company completed the acquisition of MGM Growth Properties LLC and was added to the S&P 500 index.

  • Total revenues increased 76.0% year-over-year to $662.6 million.
  • Net loss attributable to common stockholders was $57.7 million, or $0.06 per share.
  • AFFO attributable to common stockholders increased 67.9% year-over-year to $430.1 million.
  • Completed the strategic acquisition of MGM Growth Properties LLC.

Headline financials

Total Revenue

$663M

Previous: $376M+76.0%
EPS (adj)

$0.48

Previous: $0.46+4.3%
Capital Expenditures

-$4.01B

Previous: -$1.52M-263426.9%
Free Cash Flow

-$4.07B

Previous: $299M-1460.8%
Net Income

-$57.7M

Previous: $301M-119.2%
Operating Income

$26.9M

Previous: $364M-92.6%
Gross Profit

$657M

Previous: $371M+76.9%
Cash & Equivalents

$614M

Previous: $408M+50.7%
Total Assets

$37.3B

Previous: $17.2B+116.6%
Stock-Based Comp

$3.24M

Previous: $2.4M+35.1%

Revenue & EPS history

VICI Properties · Revenue · Quarterly

$663M

Q2 2022+76%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

VICI Properties · $663M total across 4 segments · Q2 2022

  • Income from Sales-Type Leases
    $375M+28.9%
  • Lease Financing and Loans
    $262M+273.9%
  • Other Income
    $15.6M+122.7%
  • Golf Revenues
    $10.2M+22.8%

Forward guidance

The Company is reaffirming AFFO guidance for the full year 2022. Guidance does not include the impact on operating results from any possible future acquisitions or dispositions, capital markets activity, or other non-recurring transactions. 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 common 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 Q2 2022

Historical avgQ2 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

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