VICI Properties FFO of $0.70 beats by $0.03, revenue of $964.67M beats by $10.21M
seekingalpha
01 Nov 2024
VICI Properties press release (NYSE:VICI): Q3 FFO of $0.70 beats by $0.03.
Revenue of $964.67M (+6.7% Y/Y) beats by $10.21M.
AFFO attributable to common stockholders increased 8.4% year-over-year to $593.9 million and, on a per share basis, increased 4.9% year-over-year to $0.57
Declared a quarterly cash dividend of $0.4325 per share, representing a 4.2% year-over-year increase
Ended the quarter with $355.7 million in cash and cash equivalents and $630.2 million of estimated forward sale equity proceeds
Deployed $230 million of capital through various loan and Partner Property Growth Fund agreements
Updated AFFO guidance for full year 2024 to between $2,360 million and $2,370 million, or between $2.25 and $2.26 per diluted share vs. consensus of $2.61.
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