Vici Pptys Stock Price, News & Analysis

VICI Properties (NYSE: VICI) has released its tax treatment details for 2024 distributions on common stock. The company paid quarterly dividends totaling $2.1100 per share throughout 2024, with payments of $0.4150 per share in the first three quarters and $0.4325 per share in the fourth quarter.

Of the total distributions, $1.5045 is classified as ordinary dividends, with $0.1730 categorized as non-dividend distributions (return of capital). The January 9, 2025 distribution of $0.4325 will be treated as a 2025 distribution for federal tax purposes. Notably, $1.5013 qualifies as Section 199A dividends, subject to the 45-day holding period requirement.

VICI Properties (NYSE: VICI) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 20, 2025, after the New York Stock Exchange closes. The company will host a conference call and audio webcast the following day, Friday, February 21, 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 752834. An audio replay will be available from 1:00 p.m. ET on February 21 until February 28, 2025. A live webcast will be accessible through the company's website Investors section, with a replay available for one year.

VICI Properties announced that its subsidiary, VICI Properties L.P., has completed a $750 million public offering of senior unsecured notes due 2031, with a 5.125% interest rate. The notes were issued at 99.643% of par value and will mature on November 15, 2031. The company plans to use the proceeds to repay its outstanding $750 million in 3.500% senior notes due 2025. The offering was managed by multiple financial institutions, including J.P. Morgan, Wells Fargo Securities, and Barclays, among others.

VICI Properties has announced an amendment and assignment of its master lease agreement with PURE Canadian Gaming Corp. to Indigenous Gaming Partners Inc. (IGP), a partnership of five institutional First Nations established for acquiring gaming assets in North America. IGP, partnering with Sonco Gaming, will maintain the existing lease terms, including annual base rent of C$22.0 million (US$15.5 million) for a 25-year base term with four 5-year renewal options.

The agreement covers four casino properties in Alberta, Canada: PURE Casino Edmonton, Yellowhead, Calgary, and Lethbridge. VICI received a 5-year right of first offer (ROFO) on future sale-leaseback transactions. The lease maintains its original escalation terms, starting at 1.25% in year 3 and adjusting to the greater of 1.5% or Canadian CPI (capped at 2.5%) from year 4.

VICI Properties announced the pricing of a $750 million senior unsecured notes offering through its subsidiary VICI Properties L.P. The notes, due 2031, carry a 5.125% interest rate and will be issued at 99.643% of par value. Interest payments will be made semi-annually on May 15 and November 15, starting May 15, 2025. The offering is expected to close on December 19, 2024.

The company plans to use the proceeds to repay its existing $750 million 3.500% senior notes due 2025, with any remaining funds allocated for general corporate purposes, including property acquisitions, improvements, capital expenditures, working capital, and debt refinancing.

VICI Properties (NYSE: VICI) has announced its Board of Directors' declaration of a regular quarterly cash dividend. Shareholders will receive $0.4325 per share of common stock for the period from October 1, 2024 to December 31, 2024. The dividend payment is scheduled for January 9, 2025, and stockholders must be on record by the close of business on December 17, 2024 to be eligible.

VICI Properties (NYSE: VICI) announced that Moody's Investors Service upgraded its issuer credit rating for VICI Properties L.P. to 'Baa3' from 'Ba1', with a stable outlook. This upgrade establishes VICI's investment grade status across all three rating agencies. The company's CFO, David Kieske, highlighted that this achievement reflects VICI's strong credit profile and strategic approach to transformational transactions. Moody's cited VICI's dominant size and scale, resilient operating cash flow, good liquidity, and disciplined financial policy as key factors in their decision.

PENN Entertainment reported Q3 2024 financial results with revenues of $1.64 billion and a net loss of $37.5 million. The company's retail business showed stable consumer demand, though affected by unfavorable hold in Northeast and weather disruptions in South segment. Interactive segment posted revenues of $244.6 million with an Adjusted EBITDA loss of $90.9 million, benefiting from better-than-expected hold and lower promotional expenses. Total liquidity stood at $1.8 billion with $834.0 million in cash. The company launched account linking between ESPN BET and ESPN on October 30th, expanding its online sports betting footprint to 19 U.S. states.

VICI Properties reported strong Q3 2024 results with total revenues increasing 6.7% year-over-year to $964.7 million. Net income attributable to common stockholders rose 31.7% to $732.9 million ($0.70 per share). The company deployed $230 million of capital through loan and Partner Property Growth Fund agreements and declared a quarterly dividend of $0.4325 per share, marking a 4.2% year-over-year increase. VICI updated its full-year 2024 AFFO guidance to between $2,360-2,370 million, or $2.25-2.26 per diluted share. The company ended Q3 with $355.7 million in cash and $630.2 million in estimated forward sale equity proceeds.