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AI brief of an SEC Form 8-K · Vici Properties (VICI)

VICI Properties Q4 revenue rises 4.7% to $976.1 million; net income falls 17.8%

Mixed Impact 3 of 5 earnings Written later

VICI Properties reported fourth-quarter 2024 results on February 20, 2025, with total revenues up 4.7% year over year to $976.1 million and AFFO up 5.4% to $601.3 million. Net income attributable to common stockholders fell 17.8% to $614.6 million, or $0.58 per diluted share, mainly due to a $157.7 million year-over-year change in the CECL allowance. The company also gave preliminary 2025 AFFO guidance of $2,455 million to $2,485 million, or $2.32 to $2.35 per diluted share.

Key points

  • Q4 2024 AFFO was $601.3 million, up 5.4%, or $0.57 per share, up 3.6%
  • Full-year 2024 AFFO was $2,370.8 million, up 8.4%, or $2.26 per share, up 5.1%
  • 2025 AFFO guidance is $2,455 million to $2,485 million, or $2.32 to $2.35 per diluted share
  • Moody's upgraded the issuer credit rating to Baa3 from Ba1, with a stable outlook

The filing

CompanyVici Properties (VICI)
Form8-K, current report
Filed with the SECFeb 20, 2025, 4:16 PM ET
Accession number0001705696-25-000032

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.