Vici Pptys Stock Price, News & Analysis

VICI Properties (NYSE: VICI) will announce its first quarter 2021 financial results on April 29, 2021, post-market close. The Company will hold a conference call on April 30, 2021, at 10:00 a.m. ET, accessible via phone or live audio webcast on its website. VICI Properties is a real estate investment trust managing a portfolio of premier gaming, hospitality, and entertainment destinations, including Caesars Palace, with 28 gaming facilities across 47 million square feet, featuring 18,000 hotel rooms and over 200 dining options.

VICI Properties Inc. (NYSE: VICI) announced CEO Edward Pitoniak's appearance on Fox Business Network's 'The Claman Countdown' on March 16, 2021. He discussed the acquisition of the Venetian Resort Las Vegas and the Sands Expo and Convention Center. VICI Properties is a leading experiential real estate investment trust with a diverse portfolio of 28 gaming facilities, over 47 million square feet, and 17,800 hotel rooms. Their strategy focuses on building high-quality experiential real estate, and the company holds significant assets in the gaming and hospitality sectors.

VICI Properties Inc. has declared a quarterly cash dividend of $0.33 per share for the period from January 1, 2021, to March 31, 2021. This dividend will be payable on April 8, 2021, to stockholders of record as of the close of business on March 25, 2021. The company owns a diversified portfolio of 28 gaming and hospitality facilities, covering over 47 million square feet, which includes renowned venues like Caesars Palace. VICI Properties aims to enhance its real estate portfolio's quality and productivity, leasing to top industry operators.

VICI Properties (NYSE: VICI) announced CEO Edward Pitoniak's interview on CNBC.com regarding the acquisition of the Venetian Resort Las Vegas and Sands Expo. The company owns a diverse portfolio of gaming and hospitality properties, including Caesars Palace, with 28 facilities covering over 47 million square feet. VICI aims to enhance its experiential real estate portfolio, highlighting the potential growth from this acquisition. The press release contains forward-looking statements about risks related to economic conditions and potential delays in the transaction.

VICI Properties Inc. announced the closing of a public offering of 69 million shares of common stock at $29.00 per share, including 9 million additional shares from underwriters’ options. The offering involved forward sale agreements with major financial institutions, and the company anticipates using the proceeds to fund its acquisition of The Venetian Resort and Sands Expo in Las Vegas, along with general business needs. Notably, VICI will not receive initial proceeds from the shares sold by forward purchasers, posing potential implications for immediate cash flow.

VICI Properties Inc. (NYSE: VICI) announced the pricing of a public offering of 60 million shares of common stock at $29.00 per share. The offering, expected to close on March 8, 2021, includes a 30-day option for underwriters to purchase up to an additional 9 million shares. Proceeds will be used for the acquisition of real estate assets associated with The Venetian Resort and Sands Expo, as well as general business purposes. The offering is conducted under an effective shelf registration statement.

VICI Properties Inc. (NYSE: VICI) announced an underwritten public offering of 60,000,000 shares of common stock, with an additional 9,000,000 shares offered at the underwriters' discretion. The shares will be sold through forward sale agreements with major financial institutions. The proceeds will fund the acquisition of The Venetian Resort and Sands Expo in Las Vegas, as well as support general business purposes including property acquisition and capital expenditures. The offering is conducted under an effective shelf registration statement.

VICI Properties has announced its acquisition of the Venetian Resort Las Vegas and Sands Expo and Convention Center from Las Vegas Sands for $4 billion, representing a 6.25% cap rate. An affiliate of Apollo Global Management will acquire the operating company for $2.25 billion. A triple-net lease with initial annual rent set at $250 million for 30 years will be established. LVS will support lease payments through 2023, with rent escalating at least 2% annually. The transaction is pending regulatory approvals, expected for completion by year-end 2021.

VICI Properties, a real estate investment trust, reported a strong financial performance for Q4 and FY 2020, with revenues rising 57% to $373 million in Q4 and 37% to $1.2 billion for the full year. Net income attributed to common stockholders reached $288 million for Q4 ($0.53/share) and $891.7 million for the year ($1.75/share). The company completed $4.6 billion in acquisitions, increased its quarterly dividend by 10.9%, and maintained strong rent collections amid the pandemic. 2021 AFFO guidance is set between $1.82 and $1.87 per diluted share.