NYSE$VICI

VICI Properties Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

VICI Properties' Q4 2019 financial performance reflected increased revenues and AFFO, but decreased net income and FFO due to costs associated with debt termination and increased share count.

VICI Properties reported an increase in total revenues for Q4 2019, driven by higher leasing revenues. However, net income and FFO decreased due to costs related to debt termination and an increased share count. Adjusted Funds From Operations (AFFO) saw a significant increase.

  • Total revenues increased to $237.5 million, driven by a 15.7% increase in leasing revenues.
  • Net income attributable to common stockholders decreased to $98.6 million, or $0.21 per diluted share.
  • Adjusted Funds From Operations (AFFO) rose to $176.6 million, or $0.37 per diluted share.
  • Completed the acquisition of Century Casino Cape Girardeau, Century Casino Caruthersville and Mountaineer Casino, Racetrack & Resort from Eldorado Resorts for $277.8 million in cash.

Headline financials

Total Revenue

$238M

Previous: $226M+5.1%
EPS (adj)

$0.37

Previous: $0.36+2.8%
Total Hotel Rooms

15.6K

No prior period
Capital Expenditures

$295K

Previous: $155K+90.3%
Free Cash Flow

$245M

Previous: $175M+39.5%
Net Income

$101M

Previous: $143M-29.3%
Operating Income

$227M

Previous: $196M+15.9%
Gross Profit

$233M

Previous: $201M+15.8%
Cash & Equivalents

$1.1B

Previous: $578M+90.7%
Total Assets

$13.3B

Previous: $11.3B+17.0%
Stock-Based Comp

$1.4M

Previous: $860K+63.0%

Revenue & EPS history

VICI Properties · Revenue · Quarterly

$238M

Q4 2019+5.1%vs Q4 2018
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Revenue by segment

VICI Properties · $238M total across 3 segments · Q4 2019

  • Income from Sales-Type Leases
    $219M
  • Lease Financing and Loans
    $10.9M
  • Golf Revenues
    $7.72M

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 Q4 2019

Historical avgQ4 2019

+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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