VICI Properties Inc. announced strong Q2 2024 results, with total revenues increasing 6.6% year-over-year to $957.0 million. Net income attributable to common stockholders rose 7.3% to $741.3 million, or $0.71 per diluted share.The company reported a 9.6% increase in AFFO to $592.4 million, or $0.57 per diluted share. VICI announced two significant investments: up to $700 million for The Venetian Resort Las Vegas through its Partner Property Growth Fund, and a $250 million mezzanine loan for Great Wolf Resorts.Based on these results, VICI raised its full-year 2024 AFFO guidance to between $2,350 million and $2,370 million, or $2.24 to $2.26 per diluted share. The company ended the quarter with $347.2 million in cash and $681.0 million in estimated forward sale equity proceeds, demonstrating strong liquidity and financial flexibility.

VICI Properties Inc. announced strong Q2 2024 results, with total revenues increasing 6.6% year-over-year to $957.0 million. Net income attributable to common stockholders rose 7.3% to $741.3 million, or $0.71 per diluted share.The company reported a 9.6% increase in AFFO to $592.4 million, or $0.57 per diluted share. VICI announced two significant investments: up to $700 million for The Venetian Resort Las Vegas through its Partner Property Growth Fund, and a $250 million mezzanine loan for Great Wolf Resorts.Based on these results, VICI raised its full-year 2024 AFFO guidance to between $2,350 million and $2,370 million, or $2.24 to $2.26 per diluted share. The company ended the quarter with $347.2 million in cash and $681.0 million in estimated forward sale equity proceeds, demonstrating strong liquidity and financial flexibility.