VICI Properties Q4 FFO Hits $0.60; Revenue $1.01B Slightly Misses
VICI Properties reported Q4 FFO of $0.60 per share, up from $0.57 a year ago, matching consensus. Revenue rose 3.4% to $1.01 billion but missed estimates by 0.3%, while other income and golf revenues fell about 3% year over year.
1. Q4 Financial Results
VICI Properties posted Q4 funds from operations of $0.60 per share, a 5.3% increase from $0.57 in the prior year and in line with consensus. Total revenue grew 3.4% to $1.01 billion but came in 0.3% below expectations.
2. Segment Performance
Other income reached $18.9 million, down 3% year over year versus an expected $19.5 million, and golf revenue declined 3.3% to $10.8 million against a $11.3 million forecast. Diluted net earnings per share were $0.57, below the $0.69 estimate.
3. Stock Reaction and Outlook
Shares have gained about 7.7% since the start of the year, outperforming the S&P 500's 0.7% rise. Near-term performance will likely depend on management commentary and any revisions to FFO and revenue forecasts.