Summary by Moomoo AI
VICI Properties reported strong Q3 2024 results with total revenues increasing 6.7% YoY to $964.7 million. Net income attributable to common stockholders rose 31.7% YoY to $732.9 million, or $0.70 per share. AFFO grew 8.4% YoY to $593.9 million, or $0.57 per share.The company announced its 7th consecutive annual dividend increase, raising the quarterly dividend by 4.2% to $0.4325 per share. During the quarter, VICI deployed $230 million of capital through various loan and Partner Property Growth Fund agreements. The company maintained strong liquidity with $355.7 million in cash and $630.2 million in estimated forward sale equity proceeds.VICI updated its full-year 2024 AFFO guidance to between $2,360 million and $2,370 million, or $2.25-$2.26 per diluted share. The company's portfolio includes 93 experiential assets across 54 gaming properties and 39 other experiential properties, with approximately 127 million square feet and 60,300 hotel rooms.
