VICI PROPERTIES INC. (VICI)
VICI PROPERTIES INC. (VICI)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 885,954 | 614,291 | 773,620 | 878,368 |
| Non-cash leasing and financing adjustments | 129,958 | 130,844 | 131,105 | 129,924 |
| Stock-based compensation | 4,125 | 4,437 | 4,415 | 4,439 |
| Depreciation | 967 | 963 | 937 | 741 |
| Other losses | -21 | 1,866 | -82 | 992 |
| Amortization of debt issuance costs and original issue discount | 10,894 | 11,040 | 11,007 | 12,428 |
| Change in allowance for credit losses | -118,775 | 153,084 | -20,153 | -142,001 |
| Deferred income taxes | 2,106 | -4,591 | 2,776 | 4,048 |
| Payment-in-kind interest | 13,543 | 13,716 | 13,084 | 10,747 |
| Receipt of payment-in-kind interest | 51,089 | NaN | NaN | NaN |
| Net proceeds from settlement of derivatives | 0 | 0 | 0 | 0 |
| Income from unconsolidated affiliate | NaN | 0 | NaN | NaN |
| Distributions from unconsolidated affiliate | NaN | 0 | NaN | NaN |
| Other assets | -1,386 | -8,160 | 2,354 | -419 |
| Accrued expenses and deferred revenue | -60,740 | 52,247 | -41,871 | 25,508 |
| Other liabilities | -1,662 | -1,261 | 2,019 | -2,388 |
| Net cash provided by operating activities | 631,864 | 691,944 | 586,289 | 639,899 |
| Investments in leases - sales-type | NaN | 0 | 0 | 0 |
| Investments in leases - financing receivables | NaN | 0 | 0 | 0 |
| Investments in loans and securities | 734,470 | 100,886 | 62,416 | 338,592 |
| Principal repayments of loans and securities and receipts of deferred fees | 468,648 | 7,193 | 12,782 | 7,464 |
| Net cash paid in connection with the mgm grand/mandalay bay jv interest acquisition | NaN | 0 | NaN | NaN |
| Capitalized transaction costs | 937 | 4,367 | 248 | -46 |
| Investments in short-term investments | NaN | 44,484 | 0 | 0 |
| Maturities of short-term investments | 44,484 | 0 | 0 | 0 |
| Proceeds from sale of real estate | NaN | 3,540 | -30 | 1,992 |
| Acquisition of property and equipment | 628 | 302 | 205 | 672 |
| Net cash used in investing activities | -222,903 | -139,306 | -50,117 | -329,762 |
| Proceeds from offering of common stock, net | NaN | -1 | 375,350 | NaN |
| Proceeds from revolving credit facility | 0 | 0 | 2,668 | 175,000 |
| Repayment of revolving credit facility | 0 | 7,253 | 174,999 | 105,849 |
| Proceeds from senior unsecured notes offerings | NaN | 0 | 0 | 1,284,437 |
| Redemption of senior unsecured notes | NaN | 0 | 0 | 1,300,000 |
| Debt issuance costs | 98 | 80 | 0 | 313 |
| Repurchase of stock for tax withholding | 2,298 | 0 | 11 | 44 |
| Distributions to non-controlling interests | 8,257 | 8,239 | 7,989 | 7,995 |
| Dividends paid | 481,431 | 480,740 | 456,815 | 456,886 |
| Net cash used in financing activities | -492,084 | -496,313 | -261,796 | -411,650 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -150 | -349 | 144 | 179 |
| Net decrease in cash, cash equivalents and restricted cash | -83,273 | 55,976 | 274,520 | -101,334 |
| Cash, cash equivalents and restricted cash, beginning of period | 563,479 | 507,503 | 232,983 | 334,317 |
| Cash, cash equivalents and restricted cash, end of period | 480,206 | 563,479 | 507,503 | 232,983 |