Vici Pptys Stock Price, News & Analysis

PENN Entertainment reported Q1 2025 financial results with revenues of $1.67 billion and net income of $111.5 million. The company's properties showed resilience despite weather challenges, with gaming volumes rebounding in March. The Interactive segment achieved record gaming revenue despite unfavorable sports betting hold. Property level revenues reached $1.4 billion with Adjusted EBITDAR of $457.0 million and margins of 33.1%. Weather events in January and February negatively impacted EBITDAR by $10 million. Through May 7, PENN repurchased $35 million of shares and maintains its commitment to repurchase at least $350 million in 2025. The company ended Q1 with $1.5 billion in total liquidity, including $591.6 million in cash, and traditional net debt of $2.1 billion.

VICI Properties reported strong Q1 2025 results with total revenues increasing 3.4% to $984.2 million. The company announced two major strategic partnerships: a $300 million mezzanine loan investment with Cain International for One Beverly Hills development, and up to $510 million for a tribal casino development with Red Rock Resorts.

Key financial highlights include:

• Net income of $543.6 million ($0.51 per share)
• AFFO growth of 5.6% to $616 million ($0.58 per share)
• Successful $1.3 billion bond offering at 5.34% blended yield
• Total liquidity of $3.2 billion

The company raised its full-year 2025 AFFO guidance and completed a new $2.5 billion multicurrency credit facility. VICI maintained strong balance sheet management with $17.2 billion in total debt and declared a quarterly dividend of $0.4325 per share.

VICI Properties (NYSE: VICI) has successfully completed a $1.3 billion senior unsecured notes offering through its subsidiary VICI Properties L.P. The offering consists of:

• $400 million of 4.750% notes due 2028 (issued at 99.729% of par value)
• $900 million of 5.625% notes due 2035 (issued at 99.219% of par value)

The proceeds will be used to repay existing debt obligations, including:

• $500.0 million of 4.375% senior notes due 2025
• $799.4 million of 4.625% senior exchange notes due 2025
• $0.6 million of 4.625% senior notes due 2025

VICI Properties (NYSE: VICI) has scheduled the release of its first quarter 2025 financial results for Wednesday, April 30, 2025, after the New York Stock Exchange trading hours. The company will follow up with a conference call and audio webcast on Thursday, May 1, 2025, at 10:00 a.m. ET.

Investors can access the conference call by dialing +1 833-470-1428 (domestic) or +1 929-526-1599 (international) with conference ID 183495. An audio replay will be available from 1:00 p.m. ET on May 1 until May 8, 2025. Additionally, a live webcast will be accessible through the company's website investor section, with a replay available for one year.

VICI Properties (NYSE: VICI) has announced the pricing of a $1.3 billion public offering of senior unsecured notes through its subsidiary VICI Properties L.P. The offering consists of:

• $400 million of 4.750% notes due 2028 (issued at 99.729% of par value)
• $900 million of 5.625% notes due 2035 (issued at 99.219% of par value)

Interest payments will be made semi-annually on April 1 and October 1, starting October 1, 2025. The offering is expected to close on April 7, 2025. The proceeds will be used to repay existing notes due 2025 (including $500 million at 4.375% and $800 million at 4.625%) and for general corporate purposes such as property acquisitions, improvements, and working capital.

VICI Properties (NYSE: VICI) has announced its quarterly dividend declaration for Q1 2025. The company's Board of Directors has approved a regular quarterly cash dividend of $0.4325 per share of common stock, covering the period from January 1, 2025, to March 31, 2025.

The dividend will be distributed on April 3, 2025, to stockholders who are registered as of the market close on March 20, 2025.

PENN Entertainment reported its Q4 2024 financial results, highlighting solid property-level performance with revenues of $1.4 billion and Adjusted EBITDAR of $461.2 million. Properties unaffected by new supply generated nearly 3% year-over-year revenue growth.

The Interactive segment showed significant improvements, with revenues of $275.0 million, despite customer-friendly sports betting outcomes. The company's iCasino business achieved record quarterly gaming revenue, showing over 60% growth year-over-year, boosted by the successful launches of the standalone Hollywood Casino app in Pennsylvania and Michigan.

PENN announced plans to repurchase at least $350 million of shares in 2025. The company maintained strong liquidity of $1.7 billion, including $706.6 million in cash and cash equivalents, with traditional net debt at $1.9 billion as of December 31, 2024.

VICI Properties reported strong financial results for Q4 and full year 2024. Total revenues increased 4.7% year-over-year to $976.1M in Q4, and 6.6% to $3.8B for the full year. The company announced over $1B in capital commitments in 2024 at a weighted average initial yield of 8.1%.

Q4 net income decreased 17.8% to $614.6M ($0.58 per share) due to CECL allowance changes. However, AFFO increased 5.4% to $601.3M ($0.57 per share). For full year 2024, net income grew 6.6% to $2.7B ($2.56 per share), while AFFO rose 8.4% to $2.4B ($2.26 per share).

Key highlights include a credit rating upgrade by Moody's to 'Baa3', a new $2.5B multicurrency credit facility, and a strategic relationship with Cain International and Eldridge Industries involving a $300M investment in One Beverly Hills. The company increased its dividend by 4.2% and established guidance for 2025.

VICI Properties has announced a strategic partnership with Cain International and Eldridge Industries focused on investing in high-growth, experience-driven real estate. The collaboration launches with VICI's $300 million investment into a mezzanine loan for One Beverly Hills, a 17.5-acre luxury mixed-use development.

The development will feature Aman Beverly Hills, the brand's first West Coast hotel, along with Aman-branded residences and an Aman Club. The project includes a renovation of The Beverly Hilton and will incorporate 10 acres of botanical gardens, luxury retail, and dining experiences. Construction has begun with completion expected in late 2027.

The development will include 5.5 acres of private botanical gardens for Aman residents and guests, plus 4.5 acres of public space. VICI funded the investment through cash on hand and its existing revolving credit facility.