VICI PROPERTIES INC.
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 29, 2026
Contents
Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Real estate portfolio: | ||
| Investments in leases - sales-type, net | $23,897,827 | $23,706,563 |
| Investments in leases - financing receivables, net | 18,806,242 | 18,697,133 |
| Investments in loans and securities, net | 2,710,021 | 2,525,457 |
| Land | 148,002 | 148,002 |
| Cash and cash equivalents | 480,206 | 563,479 |
| Short-term investments | — | 44,484 |
| Other assets | 1,047,376 | 1,039,050 |
| Total assets | $47,089,674 | $46,724,168 |
| Liabilities | ||
| Debt, net | $16,787,100 | $16,773,241 |
| Accrued expenses and deferred revenue | 173,509 | 238,715 |
| Dividends and distributions payable | 486,316 | 486,259 |
| Other liabilities | 1,023,887 | 1,003,366 |
| Total liabilities | 18,470,812 | 18,501,581 |
| Commitments and contingent liabilities (Note 10) | ||
| Stockholders’ equity | ||
| Common stock, $0.01 par value, 1,350,000,000 shares authorized and 1,068,988,999 and 1,068,811,371 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 10,690 | 10,688 |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized and no shares outstanding at March 31, 2026 and December 31, 2025 | — | — |
| Additional paid-in capital | 24,900,713 | 24,898,868 |
| Accumulated other comprehensive income | 118,852 | 121,031 |
| Retained earnings | 3,158,398 | 2,767,053 |
| Total VICI stockholders’ equity | 28,188,653 | 27,797,640 |
| Non-controlling interests | 430,209 | 424,947 |
| Total stockholders’ equity | 28,618,862 | 28,222,587 |
| Total liabilities and stockholders’ equity | $47,089,674 | $46,724,168 |
Note: As of March 31, 2026 and December 31, 2025, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and securities, and Other assets (sales-type sub-leases) are net of allowance for credit losses of $787.1 million, $726.8 million, $93.3 million and $20.4 million, respectively, and $919.2 million, $769.9 million, $56.4 million and $23.9 million, respectively. Refer to Note 5 - Allowance for Credit Losses for further details.
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