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VICI PROPERTIES L.P. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Income from sales-type leases $ 549,202 $ 530,348 $ 1,085,919 $ 1,058,952
Income from lease financing receivables, loans and securities 478,395 440,260 930,348 866,740
Other income 18,915 19,536 37,814 39,049
Total revenues 1,058,505 1,001,334 2,077,026 1,985,538
Expenses        
General and administrative 15,429 14,561 31,405 29,421
Depreciation 998 741 1,965 1,737
Other expenses 18,915 19,536 37,814 39,049
Change in allowance for credit losses 271,059 (142,001) 152,284 44,956
Transaction and acquisition expenses 1,815 7,434 1,982 7,479
Total expenses 315,611 (93,110) 239,314 135,613
Interest expense (209,927) (213,797) (419,289) (423,048)
Interest income 2,228 2,293 6,721 5,990
Other (losses) gains (345) 992 (366) 874
Income before income taxes 534,850 883,932 1,424,778 1,433,741
Benefit from (provision for) income taxes 461 (5,564) (3,513) (3,108)
Net income 535,311 878,368 1,421,265 1,430,633
Less: Net income attributable to non-controlling interests $ (8,790) $ (13,289) $ (22,354) $ (21,947)
Net income per Partnership unit        
Basic (in dollars per share) $ 0.48 $ 0.82 $ 1.30 $ 1.33
Diluted (in dollars per share) $ 0.48 $ 0.82 $ 1.30 $ 1.33
Weighted average number of Partnership units outstanding        
Basic (in shares) 1,090,197,080 1,056,222,836 1,079,358,468 1,056,118,206
Diluted (in shares) 1,090,236,611 1,057,270,580 1,079,442,313 1,056,852,269
Other comprehensive income        
Comprehensive income attributable to common stockholders $ 523,081 $ 868,734 $ 1,393,292 $ 1,400,219
VICI Properties LP        
Revenues        
Income from sales-type leases 549,202 530,348 1,085,919 1,058,952
Income from lease financing receivables, loans and securities 478,395 440,260 930,348 866,740
Other income 18,915 19,536 37,814 39,049
Total revenues 1,046,512 990,144 2,054,081 1,964,741
Expenses        
General and administrative 15,389 14,525 31,328 29,348
Depreciation 132 130 263 259
Other expenses 18,915 19,536 37,814 39,049
Change in allowance for credit losses 271,059 (142,001) 152,284 44,956
Transaction and acquisition expenses 1,815 7,434 1,982 7,479
Total expenses 307,310 (100,376) 223,671 121,091
Interest expense (209,927) (213,797) (419,289) (423,048)
Interest income 2,148 2,227 6,563 5,698
Other (losses) gains (345) 992 (366) 874
Income before income taxes 531,078 879,942 1,417,318 1,427,174
Benefit from (provision for) income taxes 1,300 (4,683) (1,861) (1,698)
Net income 532,378 875,259 1,415,457 1,425,476
Less: Net income attributable to non-controlling interests (2,898) (3,343) (6,515) (5,733)
Net income attributable to partners $ 529,480 $ 871,916 $ 1,408,942 $ 1,419,743
Net income per Partnership unit        
Basic (in dollars per share) $ 0.48 $ 0.82 $ 1.29 $ 1.33
Diluted (in dollars per share) $ 0.48 $ 0.82 $ 1.29 $ 1.33
Weighted average number of Partnership units outstanding        
Basic (in shares) 1,102,428,453 1,068,454,209 1,091,589,841 1,068,349,579
Diluted (in shares) 1,102,467,984 1,069,501,953 1,091,673,686 1,069,083,642
Other comprehensive income        
Net income attributable to partners $ 529,480 $ 871,916 $ 1,408,942 $ 1,419,743
Reclassification of derivative gain to Interest expense (6,389) (6,386) (12,778) (12,731)
Unrealized gain (loss) on cash flow hedges 6,188 0 12,878 (5,949)
Foreign currency translation adjustments (3,275) 10,091 (5,780) 10,126
Comprehensive income attributable to common stockholders $ 526,004 $ 875,621 $ 1,403,262 $ 1,411,189