We are a New York-based real estate investment trust (“REIT”) that owns, acquires, and develops single-tenant, triple-net leased properties, with a focus on best-in-class gaming, hospitality and entertainment destinations that provide exceptional customer experiences. We partner with leading brands that are committed to driving customer loyalty and value through great service, superior products and constant innovation. Our strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. We believe our specialized knowledge and targeted investment philosophy are key differentiators, providing us with a sustainable competitive advantage that presents a compelling value proposition for investors seeking current income as well as long-term growth.

VICI Properties was formed as a real estate investment trust (“REIT”) and commenced operations on October 6, 2017, as a result of a spin-off from Caesars Entertainment Operating Company (“CEOC”) as part of a reorganization under Chapter 11.

VICI Properties’ fiscal year aligns with the calendar year, ending on December 31st.

Our common stock is listed and traded on the New York Stock Exchange under the symbol VICI. For more detailed stock information, please visit our Stock Information page.

The Company commenced trading its shares on the NYSE under the ticker VICI on February 1, 2018.

The Company typically releases earnings for interim quarters at or around the end of the month following quarter-end. Additionally, the Company typically releases year-end earnings around the end of the second month following year-end.

VICI Properties intends to pay regular quarterly distributions to holders of its common shares. VICI Properties paid its first dividends to public shareholders in March 2018. The declaration and payment of future dividends will be at the sole discretion of VICI Properties’ board of directors and will depend upon many factors, including its financial condition, earnings, legal requirements, restrictions in its credit facility and the indenture governing its debt securities and other factors its board of directors deems relevant. There can be no assurance that VICI Properties will be able to make distributions to its shareholders or maintain its anticipated level of distributions over time. Read More

At this time VICI Properties does not have a Dividend Reinvestment Plan (DRIP).

Dividends are generally taxable in the year in which they are declared by VICI Properties. Following the end of each year we provide our US-based investors a Form 1099-DIV, and in relation to our non-US investors a Form 1042-S, and a tax status letter to shareholders that describes the taxability of the dividends paid in the preceding year, including a breakdown between ordinary and capital gain dividends. For information about taxes in respect of dividends received by you, you should consult your own tax advisor. Read More

As a REIT, VICI Properties will be issuing a Form 1099-DIV, and in relation to our non-US investors a Form 1042-S.

Our transfer agent is Computershare. For transfer agent inquiries by phone, please call 1-(800) 962‐4284. For additional information see: computershare.com/us

VICI Properties does not have a direct stock purchase plan.

Most of VICI Properties’ reports and financial filings can be viewed and downloaded from the News Releases or SEC Filings pages on this website. They can also be accessed via the Securities & Exchange Commission website under EDGAR search at sec.gov.

A ‘subscribe to emails’ sign up for email alerts on our SEC filings, presentations, events, news, and end-of-day stock quotes, can be found in the ‘subscribe to emails alerts’ area of the Investor section drop-down menu, and in the footer of this website.

You can request information via our Contact page. Investors can contact us by email at investors@viciproperties.com or by phone at 646-949-4631. Media inquiries can contact us by email at pr@viciproperties.com or by phone at 646-949-4631.

We present Funds From Operations (“FFO”), FFO per share, Adjusted Funds From Operations (“AFFO”), AFFO per share, and Adjusted EBITDA, which are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). These are non-GAAP financial measures and should not be construed as alternatives to net income or as an indicator of operating performance (as determined in accordance with GAAP). We believe FFO, FFO per share, AFFO, AFFO per share and Adjusted EBITDA provide a meaningful perspective of the underlying operating performance of our business.

FFO is a non-GAAP financial measure that is considered a supplemental measure for the real estate industry and a supplement to GAAP measures. Consistent with the definition used by The National Association of Real Estate Investment Trusts (“NAREIT”), we define FFO as net income (or loss) (computed in accordance with GAAP) excluding (i) gains (or losses) from sales of certain real estate assets, (ii) depreciation and amortization related to real estate, (iii) gains and losses from change in control and (iv) impairment writedowns of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity.

AFFO is a non-GAAP financial measure that we use as a supplemental operating measure to evaluate our performance. We calculate AFFO by adding or subtracting from FFO non-cash leasing and financing adjustments attributable to common stockholders, non-cash change in allowance for credit losses attributable to common stockholders, transaction costs incurred in connection with the acquisition of real estate investments, non-cash stock-based compensation expense, amortization of debt issuance costs and original issue discount, other non-cash interest expense, non-real estate depreciation (which is comprised of the depreciation related to our golf course operations), capital expenditures (which are comprised of additions to property, plant and equipment related to our golf course operations), impairment charges related to non-depreciable real estate and gains (or losses) on debt extinguishment. The non-cash allowance for credit losses attributable to common stockholders consists of estimated credit loss for our investments in leases - direct financing and sales-type, investments in leases - financing receivables and investments in loans as a result of our adoption of ASU No. 2016-13 - Financial Instruments-Credit Losses (Topic 326). No similar adjustments are reflected in prior periods because the accounting standard was adopted effective January 1, 2020 and does not require retrospective application. Please see the note titled “Allowance for Credit Losses” in our financial statements included in our most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K for further information.

We calculate Adjusted EBITDA by adding or subtracting from AFFO interest expense, net and income tax expense.

These non-GAAP financial measures: (i) do not represent cash flow from operations as defined by GAAP; (ii) should not be considered as an alternative to net income as a measure of operating performance or to cash flows from operating, investing and financing activities; and (iii) are not alternatives to cash flow as a measure of liquidity. In addition, these measures should not be viewed as measures of liquidity, nor do they measure our ability to fund all of our cash needs, including our ability to make cash distributions to our stockholders, to fund capital improvements, or to make interest payments on our indebtedness. Investors are also cautioned that FFO, FFO per share, AFFO, AFFO per share and Adjusted EBIDTA, as presented, may not be comparable to similarly titled measures reported by other real estate companies, including REITs, due to the fact that not all real estate companies use the same definitions. Our presentation of these measures does not replace the presentation of our financial results in accordance with GAAP.

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