In the first half of the year, we completed our transformational acquisitions of MGM Growth Properties and the Venetian Resort Las Vegas, thereby becoming the leading real estate owner on America’s most dynamic commercial street, The Las Vegas Strip. Raised total equity proceeds of $1.3 billion through the Company’s ATM program and November equity offeringĮdward Pitoniak, Chief Executive Officer of VICI Properties, said, “In 2022, less than 5 years from our IPO, VICI became a Top 10 REIT in the RMZ REIT Index, a member of the S&P 500 and an investment grade issuer of credit. Issued $5.0 billion inaugural investment grade senior notes Increased annualized cash dividend by 8.3% in the third quarterĮntered into a new $2.5 billion unsecured revolving credit facility Net income attributable to common stockholders increased 10.2% year-over-year to $1.1 billion and, on a per share basis, decreased 27.7% year-over-year to $1.27, primarily due to the impact of CECL and increased weighted average share countĪFFO increased 61.7% year-over-year to $1.7 billion and, on a per share basis, increased 6.1% year-over-year to $1.93Īnnounced and originated total investment volume of approximately $4.5 billion and completed $22.8 billion of acquisitions and investments, including the $4.0 billion strategic acquisition of the Venetian Resort Las Vegas and the $17.2 billion transformative acquisition of MGM Growth Properties LLC Total revenues increased 72.3% year-over-year to $2.6 billion Weighted average shares outstanding increased 51.4% year-over-yearĪnnounced the acquisition of the remaining 49.9% interest in the MGM Grand/Mandalay Bay joint venture and completed the acquisition subsequent to quarter-endĪcquired two regional gaming assets through a sale-leaseback transaction with Foundation Gaming for $293.4 millionĪnnounced partnership with Canyon Ranch, providing up to $200.0 million in financing related to a development in Austin, Texas and purchase options for additional Canyon Ranch propertiesĪnnounced $51.9 million Partner Property Growth Fund investment with Century Casinos Inc.Īnnounced an agreement to provide up to $350.0 million in mezzanine loan financing for the construction of the Fontainebleau Las VegasĮntered into a lease agreement with Hard Rock related to the Mirage Hotel & Casino in Las VegasĮxpanded existing partnership with Great Wolf Resorts through the origination of a construction loan of up to $287.9 millionĬompleted an equity offering with aggregate value of $580.0 million in November 2022 and raised $212.4 million of gross proceeds under the ATM programĪcquired four gaming properties in Alberta, Canada for C$271.9 million, representing the Company’s first international investmentĬompleted a forward equity offering with an aggregate gross offering value of approximately $1.0 billionįull Year 2022 Financial and Operating Highlights
Net income attributable to common stockholders increased 114.6% year-over-year to $604.1 million and, on a per share basis, increased 41.7% year-over-year to $0.63ĪFFO increased 74.8% year-over-year to $487.6 million and, on a per share basis, increased 15.5% year-over-year to $0.51 Total revenues increased 100.9% year-over-year to $769.9 million
All per share amounts included herein are on a per diluted share basis unless otherwise stated.įourth Quarter 2022 Financial and Operating Highlights (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter and year ended December 31, 2022.
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Establishes Guidance for Full Year 2023. Closed on $22.8 Billion of Transactions in 2022. Announces Record Financial Results Driven By 72% Full-Year Revenue Growth.
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