VICI PROPERTIES INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
VICI$24.99-0.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Income F -
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(In thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Income from sales-type leases | $2,068,443 | $1,980,178 | $1,464,245 |
| Income from lease financing receivables, loans and securities | 1,662,889 | 1,519,516 | 1,041,229 |
| Other income | 77,422 | 73,326 | 59,629 |
| Golf revenues | 40,451 | 38,968 | 35,594 |
| Total revenues | 3,849,205 | 3,611,988 | 2,600,697 |
| Operating expenses | |||
| General and administrative | 69,109 | 59,603 | 48,340 |
| Depreciation | 4,125 | 4,298 | 3,182 |
| Other expenses | 77,422 | 73,326 | 59,629 |
| Golf expenses | 26,895 | 27,089 | 22,602 |
| Change in allowance for credit losses | 126,720 | 102,824 | 834,494 |
| Transaction and acquisition expenses | 4,567 | 8,017 | 22,653 |
| Total operating expenses | 308,838 | 275,157 | 990,900 |
| Income from unconsolidated affiliate | — | 1,280 | 59,769 |
| Interest expense | (826,097) | (818,056) | (539,953) |
| Interest income | 16,095 | 23,970 | 9,530 |
| Other gains | 581 | 4,456 | — |
| Income before income taxes | 2,730,946 | 2,548,481 | 1,139,143 |
| (Provision for) benefit from income taxes | (9,704) | 6,141 | (2,876) |
| Net income | 2,721,242 | 2,554,622 | 1,136,267 |
| Less: Net income attributable to non-controlling interests | (42,432) | (41,082) | (18,632) |
| Net income attributable to common stockholders | $2,678,810 | $2,513,540 | $1,117,635 |
| Net income per common share | |||
| Basic | $2.56 | $2.48 | $1.27 |
| Diluted | $2.56 | $2.47 | $1.27 |
| Weighted average number of shares of common stock outstanding | |||
| Basic | 1,046,739,537 | 1,014,513,195 | 877,508,388 |
| Diluted | 1,047,675,111 | 1,015,776,697 | 879,675,845 |
| Other comprehensive income | |||
| Net income | $2,721,242 | $2,554,622 | $1,136,267 |
| Reclassification of derivative gain Interest expense | (24,662) | (24,148) | (16,233) |
| Unrealized gain (loss) on cash flow hedges | 26,973 | (9,655) | 200,550 |
| Foreign currency translation adjustments | (11,762) | 1,952 | — |
| Comprehensive income | 2,711,791 | 2,522,771 | 1,320,584 |
| Comprehensive income attributable to non-controlling interests | (42,277) | (40,714) | (18,428) |
| Comprehensive income attributable to common stockholders | $2,669,514 | $2,482,057 | $1,302,156 |
F - 9
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