Symbols

VICI

VICI Properties·NYSE

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VICI fundamentals

VICI Q4 2025 Earnings

VICI Properties (VICI) released its earnings on Feb 25, 2026: revenue was 1.01B (YoY +3.79%), beat estimates; EPS was 0.57 (YoY -1.72%), missed estimates.

Revenue / YoY

1.01B

+3.79%

EPS / YoY

0.57

-1.72%

Report date

Feb 25, 2026

VICI Earnings Call Summary for Q4,2025

$2.1B Strategic Investments: 2025 highlights include a $1.16B Golden Entertainment deal and $960M in non-gaming loans, diversifying into live entertainment and sports.
AFFO Growth: 6.6% YoY growth to $2.5B, with 2026 guidance of $2.59-2.625B, driven by stable triple-net model (1.6% G&A as % of revenue).
Balance Sheet Strength: 5.0x leverage, $3.2B liquidity, and 2026 debt refinancing at low 4% rates.
Strategic Shifts: Expansion into sports (50+ university discussions) and live entertainment, with a focus on Gen Z trends and mixed-use developments.
Caesars Update: Ongoing lease negotiations aim to reduce tenant concentration (39% Caesars exposure) while maintaining operator collaboration.

Earnings

EPS

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Revenue & Expenses

Key Indicators

VICI Properties (VICI) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

VICI Properties (VICI)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

VICI Properties (VICI)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

VICI Properties (VICI)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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Breakdown