VICI Properties reported strong Q3 2024 financial results with total revenue increasing 6.7% to $964.7 million, driven by property acquisitions and rent escalators. Net income rose 31.7% to $744.5 million, while AFFO grew 8.4% to $593.9 million. The company benefited from the Venetian Capital Investment and various property additions to its portfolio.During the quarter, VICI continued expanding its portfolio through strategic investments, including funding $150 million of the Venetian Capital Investment which increased annual rent by $7.3 million starting July 1. The company maintained a strong balance sheet with $3.3 billion in total available liquidity and a weighted average debt maturity of 5.7 years.Looking ahead, VICI remains focused on growing its experiential real estate portfolio while maintaining conservative leverage. The company increased its quarterly dividend by 4.2% to $0.4325 per share and continues to benefit from its high-quality tenant base with 100% rent collection and weighted average lease term of 41 years.

VICI Properties reported strong Q3 2024 financial results with total revenue increasing 6.7% to $964.7 million, driven by property acquisitions and rent escalators. Net income rose 31.7% to $744.5 million, while AFFO grew 8.4% to $593.9 million. The company benefited from the Venetian Capital Investment and various property additions to its portfolio.During the quarter, VICI continued expanding its portfolio through strategic investments, including funding $150 million of the Venetian Capital Investment which increased annual rent by $7.3 million starting July 1. The company maintained a strong balance sheet with $3.3 billion in total available liquidity and a weighted average debt maturity of 5.7 years.Looking ahead, VICI remains focused on growing its experiential real estate portfolio while maintaining conservative leverage. The company increased its quarterly dividend by 4.2% to $0.4325 per share and continues to benefit from its high-quality tenant base with 100% rent collection and weighted average lease term of 41 years.