VICI Properties reports growth and strategic investments By Investing.com
VICI Properties Inc. (NYSE: NYSE:), a real estate investment trust specializing in casino properties, reported a solid financial standing in its third-quarter earnings call on November 1, 2024. The company announced an adjusted funds from operations (AFFO) per share increase of 4.9% to $0.57 and updated its full-year AFFO guidance to between $2.36 billion and $2.37 billion. Executives highlighted strategic investments in the Las Vegas market, a disciplined approach to acquisitions, and positive partnerships in both gaming and non-gaming sectors.
Key Takeaways
- VICI Properties reported approximately $2.9 billion in total liquidity, with $160 million in cash.
- Total debt stands at $17.1 billion, with a net debt to annualized adjusted…
