Quarterly ResultApr 29, 2026, 04:44 PM
VICI Q1 Net Income +60.4% to $885.9M; EPS $0.82; Revenue +3.5%
AI Summary
VICI Properties Inc. reported strong first-quarter 2026 results, with net income increasing significantly by 60.4% to $885.9 million and diluted EPS rising to $0.82. Total revenues grew by 3.5% to $1.019 billion, driven by increases in both sales-type leases and lease financing receivables. The substantial increase in net income was primarily due to a favorable change in the allowance for credit losses.
Key Highlights
- Net income attributable to common stockholders increased 60.5% to $872.4 million.
- Diluted EPS rose 60.8% to $0.82.
- Total revenues grew 3.5% to $1.019 billion.
- Income from sales-type leases increased 1.5% to $536.7 million.
- Income from lease financing receivables, loans & securities rose 6.0% to $452.0 million.
- Change in allowance for credit losses was a benefit of $(118.8) million vs. a provision of $187.0 million YoY.
- Net cash provided by operating activities increased 6.8% to $631.9 million.
- Dividends declared were $0.4500 per common share.
Price Impact
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