Vici Pptys Stock Price, News & Analysis

Golden Entertainment (NASDAQ: GDEN) agreed to be acquired by Blake L. Sartini and to sell seven casino real estate assets to VICI Properties (NYSE: VICI) in a sale-leaseback. Each Golden share will receive 0.902 VICI shares plus $2.75 cash, valuing the deal at $30.00 per share — a 41% premium to Golden's Nov 5, 2025 close. VICI will assume and repay up to $426 million of Golden’s senior secured credit facility. The transaction has unanimous Independent Committee approval, a go-shop through Dec 5, 2025, and is expected to close in mid-2026. Golden will continue quarterly dividends of $0.25 per share through closing and will delist from NASDAQ upon completion.

PENN Entertainment (Nasdaq: PENN) reported results for the three and nine months ended September 30, 2025, and announced an early termination of its U.S. online sports betting agreement with ESPN effective December 1, 2025. Key terms: cash payments to ESPN end Q4 2025, ESPN retains vested warrants to purchase 7,957,210 shares (weighted strike $28.951) and forfeit unvested warrants, and PENN plans to rebrand its U.S. OSB offering to theScore Bet (target Dec 1, subject to approvals).

Financial highlights: Q3 revenues of $1.72B, Segment Adjusted EBITDAR $465.8M (32.8% margin), Interactive revenues $297.7M (includes $139.5M tax gross-up), consolidated Adjusted EBITDA $194.9M, liquidity $1.1B, traditional net debt $2.2B, and significant share repurchases with a new $750M buyback authorized.

VICI Properties (NYSE:VICI) reported Q3 2025 results with total revenues of $1.0B, up 4.4% year-over-year, and net income attributable to common stockholders of $762.0M ($0.71 per diluted share), up 4.0% Y/Y. AFFO was $637.6M, up 7.4% Y/Y, and AFFO per share was $0.60, up 5.3% Y/Y. The company declared a quarterly cash dividend of $0.45 per share, a 4.0% increase, marking its 8th consecutive annual dividend increase. Cash and equivalents totaled $507.5M with $244.9M estimated forward-sale proceeds and $2.4B available on the revolving credit facility; total debt was $17.1B and net debt was $16.59B. Updated 2025 AFFO guidance is $2,510M–$2,520M or $2.36–$2.37 per diluted share. Subsequent to quarter-end, VICI agreed to a 25-year triple-net lease for MGM Northfield Park with Clairvest at initial annual base rent of $53.0M.

VICI Properties (NYSE: VICI) agreed to a new lease and master-lease amendment tied to the sale of MGM Northfield Park operations to a Clairvest-managed affiliate.

The Northfield Park Lease sets initial annual base rent at $53.0M (or $54.0M if closing after May 1, 2026), begins a new 25-year term with three 10-year renewal options, carries 2.0% annual escalators (with CPI linkage capped at 3.0% beginning in 2032), and requires minimum capex equal to 1.0% of annual net revenue. The lease will be guaranteed by the Clairvest affiliate. VICI will reduce MGM Master Lease rent by the same amount. Transactions are expected in H1 2026, subject to closing conditions and regulatory approvals.

VICI Properties (NYSE:VICI) has scheduled its third quarter 2025 financial results release for Thursday, October 30, 2025 after market close. The company will host a conference call and webcast to discuss the results on Friday, October 31, 2025 at 10:00 a.m. ET.

Investors can access the conference call by dialing +1 833-470-1428 (domestic) or +1 929-526-1599 (international) with conference ID 158138. An audio replay will be available until November 7, 2025. A live webcast will be accessible through the company's website and will remain available for one year.

Land & Buildings Investment Management, a major shareholder of Six Flags Entertainment Corporation (NYSE: FUN), has issued a public letter proposing a strategy to unlock substantial value through real estate monetization and operational turnaround. The investment firm believes FUN's real estate could attract multiple bidders and potentially sell for up to $6 billion.

The letter highlights that FUN's stock has declined over 50% year-to-date and trades at a 7x EBITDA multiple. Land & Buildings suggests spinning off a FUN REIT or pursuing a sale-leaseback transaction, projecting up to 78% immediate upside based on 2026 consensus estimates, with potential upside of 130% if 2026 EBITDA reaches $1.1 billion.

The firm recommends evaluating real estate sales to buyers like VICI Properties while maintaining focus on park operations and considering accelerated sales of non-core theme parks and land.

VICI Properties (NYSE:VICI), an experiential real estate investment trust, has released its 2024-2025 Corporate Responsibility Report. The report showcases the company's initiatives and progress across three key pillars: Operational Responsibility, Social Responsibility, and Environmental Responsibility.

The report aligns with several external frameworks, including SASB Real Estate Standard, TCFD guidelines, UN SDGs, and for the first time, references the GRI standards. As VICI approaches its ninth year as a public company, it remains focused on creating long-term stockholder value while enhancing organizational practices through these responsibility pillars.

VICI Properties (NYSE:VICI) has announced a dividend increase, demonstrating strong financial performance and commitment to shareholder returns. The company's Board of Directors declared a quarterly cash dividend of $0.45 per share for Q3 2025, representing a 4.0% increase from the previous rate. The annualized dividend amount will be $1.80 per share.

The dividend will be paid on October 9, 2025 to stockholders of record as of September 18, 2025.

PENN Entertainment (NASDAQ:PENN) reported Q2 2025 financial results, with total revenues of $1.77 billion and a net loss of $18.3 million. The company's retail properties delivered solid performance with revenues of $1.4 billion and Adjusted EBITDAR of $489.6 million.

The Interactive segment achieved record gaming revenue in both online sports betting and iCasino. Through August 6, 2025, PENN has repurchased $115.3 million of shares and remains committed to repurchasing at least $350 million in 2025. The company completed a $233.5 million Note Repurchase Transaction, eliminating approximately 9.6 million potentially dilutive shares.

Total liquidity stood at $1.2 billion as of June 30, 2025, including $671.6 million in cash and cash equivalents, with traditional net debt at $2.1 billion.