VICI PROPERTIES INC.

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

VICI$24.99-0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ Equity F -

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands, except per share data)

Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Retained Earnings · Total VICI Stockholders’ Equity · Non-controlling Interests · Total Stockholders’ Equity
Balance as of December 31, 2022	$9,631	$21,645,499	$185,353	$93,154		$21,933,637		$356,476		$22,290,113
Net income	—	—	—	2,513,540		2,513,540		41,082		2,554,622
Issuance of common stock, net	791	2,478,929	—	—		2,479,720		—		2,479,720
Issuance of partnership units	—	—	—		—		24,390		24,390
Reallocation of equity	—	(8,993)	—	—		(8,993)		8,993		—
Dividends and distributions declared ($1.610 per common share)	—	—	—	(1,640,932)		(1,640,932)		(28,858)		(1,669,790)
Stock-based compensation, net of forfeitures	5	10,437	—	—		10,442		128		10,570
Reclassification of derivative gain to Interest expense	—	—	(23,860)	—		(23,860)		(288)		(24,148)
Unrealized loss on cash flow hedges	—	—	(9,551)	—		(9,551)		(104)		(9,655)
Foreign currency translation adjustments	—	—	1,928	—		1,928		24		1,952
Balance as of December 31, 2023	10,427	24,125,872	153,870	965,762		25,255,931		401,843		25,657,774
Net income	—	—	—	2,678,810		2,678,810		42,432		2,721,242
Issuance of common stock, net	132	378,554	—	—		378,686		—		378,686
Reallocation of equity	—	(975)	—	—		(975)		975		—
Dividends and distributions declared ($1.695 per common share)	—	—	—	(1,777,172)		(1,777,172)		(31,447)		(1,808,619)
Stock-based compensation, net of forfeitures	5	11,966	—	—		11,971		198		12,169
Reclassification of derivative gain to Interest expense	—	—	(24,384)	—		(24,384)		(278)		(24,662)
Unrealized gain on cash flow hedges	—	—	26,668	—		26,668		305		26,973
Foreign currency translation adjustments	—	—	(11,580)		(11,580)		(182)		(11,762)
Balance as of December 31, 2024	10,564	24,515,417	144,574	1,867,400		26,537,955		413,846		26,951,801
Net income	—	—	—	2,775,493		2,775,493		43,051		2,818,544
Issuance of common stock, net	121	375,229	—	—		375,350		—		375,350
Reallocation of equity	—	(639)	—	—		(639)		639		—
Dividends and distributions declared ($1.765 per common share)	—	—	—	(1,875,840)		(1,875,840)		(32,423)		(1,908,263)
Stock-based compensation, net of forfeitures	3	8,861	—	—		8,864		100		8,964
Reclassification of derivative gain to Interest expense	—	—	(25,218)	—		(25,218)		(291)		(25,509)
Unrealized loss on cash flow hedges	—	—	(5,881)	—		(5,881)		(68)		(5,949)
Foreign currency translation adjustments	—	—	7,556	—		7,556		93		7,649
Balance as of December 31, 2025	$10,688	$24,898,868	$121,031	$2,767,053		$27,797,640		$424,947		$28,222,587

F - 10

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.