VICI Properties Inc. - VICI STOCK NEWS

PENN Entertainment reported Q3 2024 financial results with revenues of $1.64 billion and a net loss of $37.5 million. The company's retail business showed stable consumer demand, though affected by unfavorable hold in Northeast and weather disruptions in South segment. Interactive segment posted revenues of $244.6 million with an Adjusted EBITDA loss of $90.9 million, benefiting from better-than-expected hold and lower promotional expenses. Total liquidity stood at $1.8 billion with $834.0 million in cash. The company launched account linking between ESPN BET and ESPN on October 30th, expanding its online sports betting footprint to 19 U.S. states.

VICI Properties reported strong Q3 2024 results with total revenues increasing 6.7% year-over-year to $964.7 million. Net income attributable to common stockholders rose 31.7% to $732.9 million ($0.70 per share). The company deployed $230 million of capital through loan and Partner Property Growth Fund agreements and declared a quarterly dividend of $0.4325 per share, marking a 4.2% year-over-year increase. VICI updated its full-year 2024 AFFO guidance to between $2,360-2,370 million, or $2.25-2.26 per diluted share. The company ended Q3 with $355.7 million in cash and $630.2 million in estimated forward sale equity proceeds.

VICI Properties Inc. (NYSE: VICI) has announced the release date for its third quarter 2024 financial results. The company will disclose its results on Thursday, October 31, 2024 after the New York Stock Exchange closes. Following this, VICI Properties will host a conference call and audio webcast on Friday, November 1, 2024 at 10:00 a.m. Eastern Time (ET).

Interested parties can access the conference call by dialing specific numbers for domestic and international callers. An audio replay of the call will be available from 1:00 p.m. ET on November 1, 2024, until midnight ET on November 8, 2024. Additionally, a live audio webcast will be accessible through the company's website in the 'Investors' section, with a replay available for one year after the call.

VICI Properties, a leading experiential real estate investment trust, has released its 2023-2024 ESG Report, showcasing the company's progress in environmental, social, and governance initiatives over the past year. The report aligns with the SASB Real Estate Standard and TCFD reporting framework, while also demonstrating VICI's alignment with the UN Sustainable Development Goals.

CEO Ed Pitoniak emphasized VICI's focus on continuous improvement and growth, expressing pride in the company's ongoing sustainability efforts, advancements in community and employee impact, and commitment to responsible corporate governance. The comprehensive report is now available on VICI's website in the 'Corporate Responsibility' section, providing stakeholders with detailed insights into the company's ESG performance and strategies.

VICI Properties (NYSE: VICI) has announced its seventh consecutive annual dividend increase since formation. The company's Board of Directors declared a regular quarterly cash dividend of $0.4325 per share of common stock for the period from July 1, 2024 to September 30, 2024. This represents an annualized amount of $1.73 per share and a 4.2% increase from the current dividend rate. The dividend will be payable on October 3, 2024 to stockholders of record as of the close of business on September 18, 2024. This increase demonstrates VICI Properties' commitment to delivering value to its shareholders and reflects the company's strong financial position.

PENN Entertainment (Nasdaq: PENN) reported Q2 2024 results. Retail properties showed solid performance with revenues of $1.4 billion and Adjusted EBITDAR of $496.6 million, achieving a 34.8% margin. The Interactive segment saw revenues of $232.6 million but posted an Adjusted EBITDA loss of $102.8 million. Overall revenues stood at $1.663 billion, slightly down from $1.674 billion YoY. The company reported a net loss of $27.1 million and a diluted loss per share of $0.18. Total liquidity was $1.9 billion with $877.6 million in cash. Traditional net debt was $1.7 billion.

CEO Jay Snowden highlighted the company's stable retail business and growth in the digital segment, notably a significant increase in their PENN Play™ database to 31 million members. Despite challenges, PENN remains focused on customer engagement, technology investment, and upcoming ESPN BET launch in New York. The company's development projects are on budget and on schedule.

VICI Properties Inc. (NYSE: VICI) reported strong Q2 2024 results, with total revenues increasing 6.6% year-over-year to $957.0 million. Net income attributable to common stockholders rose 7.3% to $741.3 million, or $0.71 per share. AFFO grew 9.6% to $592.4 million, or $0.57 per share. The company announced significant investments, including a $700 million capital investment in The Venetian Resort Las Vegas and a $250 million mezzanine loan to Great Wolf Resorts. VICI raised its full-year 2024 AFFO guidance to between $2,350 million and $2,370 million, or $2.24 to $2.26 per diluted share. The company ended the quarter with $347.2 million in cash and $681.0 million in estimated forward sale equity proceeds.

VICI Properties Inc. (NYSE: VICI) has announced the release date for its second quarter 2024 financial results. The company will publish these results on July 31, 2024, after the market closes. Following this, a conference call and audio webcast are scheduled for August 1, 2024, at 10:00 a.m. Eastern Time (ET). The domestic conference call can be accessed by dialing +1 833-470-1428, and the international call by dialing +1 929-526-1599, with the conference ID 896264. An audio replay will be available from August 1, 2024, at 1:00 p.m. ET until August 8, 2024, and can be accessed by dialing +1 866-813-9403 (domestic) or +44 204-525-0658 (international), with the passcode 762138. Additionally, a live audio webcast will be accessible via the 'Investors' section of VICI's website.

VICI Properties announced that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share for the period from April 1, 2024, to June 30, 2024.

The dividend will be payable on July 3, 2024, to stockholders who are on record as of June 18, 2024.