NYSE$VICI

VICI Properties Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a 10.6% increase in revenue, announced the strategic acquisition of MGM Growth Properties LLC, announced a strategic arrangement with BigShots Golf, and updated guidance for full year 2021.

VICI Properties Inc. reported a 10.6% year-over-year increase in total revenues to $375.7 million for the quarter ended September 30, 2021. The company also announced the strategic acquisition of MGM Growth Properties LLC for $17.2 billion and a strategic arrangement with BigShots Golf. AFFO increased 12.9% year-over-year to $257.4 million.

  • Total revenues increased 10.6% year-over-year to $375.7 million.
  • Net income attributable to common stockholders and FFO were $161.9 million, or $0.28 per share.
  • AFFO increased 12.9% year-over-year to $257.4 million.
  • Announced the strategic acquisition of MGM Growth Properties LLC (“MGP”) for $17.2 billion.

Headline financials

Total Revenue

$376M

Previous: $340M+10.6%
EPS (adj)

$0.45

Previous: $0.43+4.7%
Total Hotel Rooms

17.8K

Previous: 19.2K-7.3%
Capital Expenditures

-$1.65M

Previous: -$1.41B+99.9%
Free Cash Flow

$160M

Previous: -$1.01B+115.8%
Net Income

$162M

Previous: $398M-59.4%
Operating Income

$325M

Previous: $140M+132.5%
Gross Profit

$371M

Previous: $335M+10.6%
Cash & Equivalents

$670M

Previous: $144M+364.8%
Total Assets

$17.5B

Previous: $16.9B+4.1%
Stock-Based Comp

$2.4M

Previous: $2.01M+18.9%

Revenue & EPS history

VICI Properties · Revenue · Quarterly

$376M

Q3 2021+10.6%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

VICI Properties · $376M total across 4 segments · Q3 2021

  • Income from Sales-Type Leases
    $292M+8.1%
  • Lease Financing and Loans
    $70.2M+32.9%
  • Other Income
    $6.94M-4.7%
  • Golf Revenues
    $6.5M+15.4%

Forward guidance

The Company estimates AFFO for the year ending December 31, 2021 will be between $1,040.0 million and $1,045.0 million, or between $1.79 and $1.80 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 Q3 2021

Historical avgQ3 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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