VICI Properties Inc. (VICI) announced its second-quarter financial results on Wednesday, reporting a net income of $741.3 million, or $0.71 per share. This reflects a growth from the previous year's figures of $690.7 million, or $0.69 per share.
Funds From Operations (FFO) attributable to common stockholders stood at $741.3 million, translating to $0.71 per share, compared to $690.7 million, or $0.69 per share, in the same quarter last year.
Adjusted Funds From Operations (AFFO) for common stockholders reached $592.4 million for the quarter, marking a 9.6% increase from $540.4 million in the quarter ending June 30, 2023. AFFO per share rose by 5.9% to $0.57, up from $0.54 in the prior-year period.
Total revenue for the quarter was $957.0 million, an increase of 6.6% from $898.2 million in the same period last year.
These figures surpassed analyst expectations, as those polled by Thomson Reuters had anticipated earnings of $0.68 per share and revenues of $952.44 million.
