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VICI PROPERTIES INC. 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
Golf revenues 11,993 11,190 22,945 20,797
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
Golf expenses 7,395 6,619 13,864 12,971
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 attributable to common stockholders $ 526,521 $ 865,079 $ 1,398,911 $ 1,408,686
Net income per common share        
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 shares of common stock 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        
Net income $ 535,311 $ 878,368 $ 1,421,265 $ 1,430,633
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 531,835 882,073 1,415,585 1,422,079
Comprehensive income attributable to non-controlling interests (8,754) (13,339) (22,293) (21,860)
Comprehensive income attributable to common stockholders $ 523,081 $ 868,734 $ 1,393,292 $ 1,400,219