NYSE$VICI
VICI Properties Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
VICI Properties reported a 6.6% year-over-year revenue growth, announced capital investment in the Venetian Resort, a $250 million Great Wolf Mezzanine Loan, and raised guidance for full year 2024.
VICI Properties Inc. reported a strong second quarter with a 6.6% increase in total revenues to $957.0 million and a 7.3% increase in net income attributable to common stockholders to $741.3 million, or $0.71 per share. The company also announced significant capital investments and raised its AFFO guidance for the full year 2024.
- Total revenues increased 6.6% year-over-year to $957.0 million.
- Net income attributable to common stockholders increased 7.3% year-over-year to $741.3 million, or $0.71 per share.
- AFFO attributable to common stockholders increased 9.6% year-over-year to $592.4 million, or $0.57 per share.
- Raised AFFO guidance for full year 2024 to between $2,350 million and $2,370 million, or between $2.24 and $2.26 per diluted share.
Headline financials
Revenue & EPS history
VICI Properties · Revenue · Quarterly
$957M
Revenue by segment
VICI Properties · $904M total across 4 segments · Q3 2023
- Income from Sales-Type Leases$500M+33.0%55.3%
- Lease Financing and Loans$379M+7.9%41.9%
- Other Income$18.2M+1.8%2.0%
- Golf Revenues$7.43M+11.0%0.8%
Forward guidance
The Company is raising its AFFO guidance for the full year 2024. The Company estimates AFFO for the year ending December 31, 2024 will be between $2,350 million and $2,370 million, or between $2.24 and $2.26 per diluted common share.
Tailwinds
- AFFO for the year ending December 31, 2024 is expected to be between $2,350 million and $2,370 million.
- AFFO per diluted common share is projected to be between $2.24 and $2.26.
- Guidance reflects management’s view of current and future market conditions.
- Guidance includes assumptions with respect to the earnings impact of events referenced in the release.
- The per share estimates reflect the dilutive effect of the 18,856,855 shares currently pending under the Company's outstanding forward sale agreements as calculated under the treasury stock method.
Headwinds
- Guidance does not include the impact on operating results from any pending or possible future acquisitions or dispositions.
- Guidance excludes impact from capital markets activity.
- Guidance excludes impact from other non-recurring transactions.
- The estimates may be subject to fluctuations as a result of several factors.
- There can be no assurance that the Company’s actual results will not differ materially from the estimates set forth.
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 2024
+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
| Quarter | Report date | Reaction (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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