NYSE$VICI

VICI Properties Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported third quarter 2020 results with revenue increase and strategic acquisitions.

VICI Properties reported a strong Q3 2020, marked by a 52.6% increase in total revenues to $339.7 million and net income of $398.3 million, driven by strategic acquisitions and investments including the Caesars transaction. The company also completed its first investment outside of gaming through a mortgage loan to Chelsea Piers New York.

  • Total revenues increased 52.6% year-over-year to $339.7 million.
  • Net income attributable to common stockholders was $398.3 million, or $0.74 per share.
  • AFFO increased 38.4% year-over-year to $227.9 million; AFFO per share increased 22.9% to $0.43.
  • Completed $3.7 billion of acquisitions and investments, including closure of $3.2 billion transaction with Caesars.

Headline financials

Total Revenue

$340M

Previous: $223M+52.6%
EPS (adj)

$0.43

Previous: $0.35+22.9%
Total Hotel Rooms

19.2K

No prior period
Capital Expenditures

-$1.41B

Previous: -$2.43M-57939.8%
Free Cash Flow

-$1.01B

Previous: $142M-812.3%
Net Income

$398M

Previous: $144M+175.7%
Operating Income

$140M

Previous: $208M-33.0%
Gross Profit

$335M

Previous: $217M+54.3%
Cash & Equivalents

$144M

Previous: $431M-66.6%
Total Assets

$16.9B

Previous: $12.6B+33.9%
Stock-Based Comp

$2.01M

Previous: $1.4M+43.4%

Revenue & EPS history

VICI Properties · Revenue · Quarterly

$340M

Q3 2020+52.6%vs Q3 2019
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

VICI Properties · $336M total across 4 segments · Q3 2020

  • Income from Sales-Type Leases
    $270M
  • Lease Financing and Loans
    $52.8M
  • Other Income
    $7.28M
  • Golf Revenues
    $5.64M

Forward guidance

No specific forward guidance was provided in the earnings report.

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 Q3 2020

Historical avgQ3 2020

+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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