NYSE$VICI
VICI Properties Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
VICI Properties reported increased revenue and AFFO, but net income declined due to a change in CECL allowance.
VICI Properties posted a revenue increase of 4.7% YoY to $976.1 million in Q4 2024. However, net income decreased 17.8% to $614.6 million due to a change in CECL allowance. AFFO grew 5.4% to $601.3 million, and the company ended the quarter with $524.6 million in cash and cash equivalents.
- Total revenue rose 4.7% YoY to $976.1 million.
- Net income fell 17.8% YoY to $614.6 million due to a CECL allowance impact.
- AFFO increased 5.4% YoY to $601.3 million.
- Cash and cash equivalents stood at $524.6 million at quarter-end.
Headline financials
Revenue & EPS history
VICI Properties · Revenue · Quarterly
$976M
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
VICI Properties expects AFFO for 2025 to range between $2.455 billion and $2.485 billion, or $2.32 to $2.35 per diluted share.
Tailwinds
- AFFO expected to range between $2.455B and $2.485B.
- Company continues to expand partnerships and strategic relationships.
- Investment-grade credit rating reaffirmed by Moody’s.
- New $2.5B multicurrency unsecured revolving credit facility secured.
- Planned capital commitments and reinvestments in key assets.
Headwinds
- Net income impacted by ongoing changes in CECL allowance.
- Rising interest expense could affect profitability.
- Market volatility may influence investment returns.
- Tenant financial performance remains a key risk factor.
- Potential economic downturn could impact discretionary spending on entertainment properties.
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 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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