VICI(US:VICI) ZACKS·2025-10-31 13:31Core Insights - VICI Properties reported third-quarter adjusted funds from operations (AFFO) per share of 60 cents, exceeding the Zacks Consensus Estimate of 59 cents, and reflecting a 5.3% increase from the prior-year quarter [1][9] - The company generated total revenues of $1.01 billion, surpassing the Zacks Consensus Estimate of $1.00 billion, with a year-over-year growth of 4.4% [2][9] - VICI Properties raised its 2025 AFFO per share outlook to a range of $2.36-$2.37, above the previous guidance of $2.35-$2.36, aligning with the Zacks Consensus Estimate [7][9] Revenue Breakdown - Income from sales-type leases was $531.8 million, a 2.5% increase year-over-year [3] - Income from lease financing receivables, loans, and securities rose to $448 million, marking a 6.9% year-over-year increase [3] - Other income for the quarter was $19.5 million, up 1.2% from the previous year, while golf revenues increased by 8.5% to $8.2 million [3] Financial Position - As of September 30, 2025, VICI Properties had cash and cash equivalents of $507.5 million, up from $233 million as of June 30, 2025 [5] - The company's total liquidity stood at $3.1 billion, which includes cash, estimated net proceeds from forward sale agreements, and availability under its revolving credit facility [5] - Total debt decreased to approximately $17.1 billion from $17.3 billion in the previous quarter [6] Strategic Developments - VICI Properties entered into a new agreement with Clairvest Group for the Northfield Park property in Northfield, OH, previously owned by MGM Resorts International [4]