Information
NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, "VICI" or the “Comp...
Original sourceAI Summary
VICI's Q3 2024 revenues rose 6.7% to $964.7 million. Net income increased 31.7% year-over-year to $732.9 million. AFFO per share grew 4.9% to $0.57, guidance for 2024 updated to $2.25-$2.26. 4.2% dividend increase achieved, marking a CAGR of 7% since IPO. Capital deployment of $230 million reflects commitment to strategic growth.
Sentiment Rationale
Strong revenue and net income growth suggest VICI's financial health, similar to previous upward trends impacting share prices.
Trading Thesis
The expected growth in AFFO and dividends positions VICI favorably over time, reflecting past performance.
Market-Moving
- VICI's Q3 2024 revenues rose 6.7% to $964.7 million.
- Net income increased 31.7% year-over-year to $732.9 million.
- AFFO per share grew 4.9% to $0.57, guidance for 2024 updated to $2.25-$2.26.
Key Facts
- VICI's Q3 2024 revenues rose 6.7% to $964.7 million.
- Net income increased 31.7% year-over-year to $732.9 million.
- AFFO per share grew 4.9% to $0.57, guidance for 2024 updated to $2.25-$2.26.
- 4.2% dividend increase achieved, marking a CAGR of 7% since IPO.
- Capital deployment of $230 million reflects commitment to strategic growth.
Companies Mentioned
- VICI (VICI)
- CZR (CZR)
- MGM (MGM)
Earnings
The article provides key financial results and positive outlook, highly relevant for VICI shareholders.