Company research
VICI PROPERTIES INC.
CIK 1705696Updated Nov 13, 2026
SecurityVICI · NYSE · equity
VICI price & chart
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CLUB MED ADVANCES STRATEGIC NORTH AMERICAN EXPANSION WITH THE REDEVELOPMENT OF CARAMBOLA BEACH RESORT IN ST. CROIX IN PARTNERSHIP WITH VICI PROPERTIES ↗
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 46,535,840,000Source | 44,918,106,000Source | 48,271,220,000Source | 46,054,023,000Source | 44,511,250,000Source | 47,089,674,000Source | 45,526,064,000Source | 44,157,873,000Source | 46,724,168,000Source | 45,368,940,000Source | 44,059,841,000Source | 37,575,826,000Source |
| Property, Plant and Equipment, NetUSD | 68,706,000Source | 70,255,000Source | 66,874,000Source | 69,438,000Source | 69,914,000Source | 67,706,000Source | 69,507,000Source | 68,240,000Source | 68,045,000Source | 70,347,000Source | 66,946,000Source | 67,209,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 507,503,000Source | 355,667,000Source | 288,063,000Source | 232,983,000Source | 347,160,000Source | 480,206,000Source | 334,317,000Source | 485,318,000Source | 563,479,000Source | 524,615,000Source | 522,574,000Source | 208,933,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | 36,608,000Source | — | — | — | 45,008,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 18,438,562,000Source | 18,395,034,000Source | 18,668,509,000Source | 18,609,911,000Source | 18,384,937,000Source | 18,470,812,000Source | 18,503,399,000Source | 18,339,315,000Source | 18,501,581,000Source | 18,417,139,000Source | 18,402,067,000Source | 15,285,713,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 10,688,000Source | 10,472,000Source | 11,011,000Source | 10,567,000Source | 10,432,000Source | 10,690,000Source | 10,567,000Source | 10,431,000Source | 10,688,000Source | 10,564,000Source | 10,427,000Source | 9,631,000Source |
| Additional Paid in CapitalUSD | 24,894,452,000Source | 24,247,840,000Source | 25,854,906,000Source | 24,515,601,000Source | 24,128,989,000Source | 24,900,713,000Source | 24,512,026,000Source | 24,124,875,000Source | 24,898,868,000Source | 24,515,417,000Source | 24,125,872,000Source | 21,645,499,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,643,251,000Source | 1,711,277,000Source | 3,189,420,000Source | 2,362,176,000Source | 1,431,264,000Source | 3,158,398,000Source | 1,954,124,000Source | 1,122,878,000Source | 2,767,053,000Source | 1,867,400,000Source | 965,762,000Source | 93,154,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 125,198,000Source | 141,705,000Source | 115,412,000Source | 136,107,000Source | 148,211,000Source | 118,852,000Source | 132,452,000Source | 156,640,000Source | 121,031,000Source | 144,574,000Source | 153,870,000Source | 185,353,000Source |
| Stockholders' Equity Attributable to ParentUSD | 27,673,589,000Source | 26,111,294,000Source | 29,170,749,000Source | 27,024,451,000Source | 25,718,896,000Source | 28,188,653,000Source | 26,609,169,000Source | 25,414,824,000Source | 27,797,640,000Source | 26,537,955,000Source | 25,255,931,000Source | 21,933,637,000Source |
| Liabilities and EquityUSD | 46,535,840,000Source | 44,918,106,000Source | 48,271,220,000Source | 46,054,023,000Source | 44,511,250,000Source | 47,089,674,000Source | 45,526,064,000Source | 44,157,873,000Source | 46,724,168,000Source | 45,368,940,000Source | 44,059,841,000Source | 37,575,826,000Source |
| Deferred Income Tax Liabilities, NetUSD | 5,962,000Source | 4,575,000Source | 6,862,000Source | 4,041,000Source | 4,473,000Source | 6,942,000Source | 3,773,000Source | 4,490,000Source | 6,619,000Source | 3,812,000Source | 4,506,000Source | 4,339,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 423,689,000Source | 411,778,000Source | 431,962,000Source | 419,661,000Source | 407,417,000Source | 430,209,000Source | 413,496,000Source | 403,734,000Source | 424,947,000Source | 413,846,000Source | 401,843,000Source | 356,476,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 4,339,000Source |
| Dividends PayableUSD | 486,258,000Source | 457,977,000Source | 500,755,000Source | 462,113,000Source | 437,785,000Source | 486,316,000Source | 462,092,000Source | 437,766,000Source | 486,259,000Source | 461,954,000Source | 437,599,000Source | 380,178,000Source |
| Long-term DebtUSD | 16,762,660,000Source | 16,743,584,000Source | 16,931,155,000Source | 16,922,273,000Source | 16,727,361,000Source | 16,787,100,000Source | 16,847,001,000Source | 16,711,739,000Source | 16,773,241,000Source | 16,732,889,000Source | 16,724,125,000Source | 13,739,675,000Source |
| Short-term InvestmentsUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 29,579,000Source | 44,484,000Source | 0Source | 0Source | 217,342,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 773,620,000Source | 744,481,000Source | 535,311,000Source | 878,368,000Source | 885,954,000Source | 552,265,000Source | 2,818,544,000Source | 2,721,242,000Source | 2,554,622,000Source | 1,136,267,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 4,125,000Source | 2,904,000Source | 16,195,000Source | 17,511,000Source | 15,536,000Source | 12,986,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -1,743,000Source | 5,439,000Source | -10,426,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 631,864,000Source | 591,859,000Source | 2,509,991,000Source | 2,381,498,000Source | 2,181,009,000Source | 1,943,396,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | — | 0Source | — | — | 4,574,536,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -222,903,000Source | -385,581,000Source | -904,766,000Source | -922,781,000Source | -2,899,095,000Source | -9,304,014,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 2,298,000Source | 7,177,000Source | 7,232,000Source | 5,341,000Source | 4,966,000Source | 6,156,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -492,084,000Source | -396,762,000Source | -1,566,521,000Source | -1,457,121,000Source | 1,031,790,000Source | 6,829,937,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -83,273,000Source | -190,298,000Source | 38,864,000Source | 2,041,000Source | 313,641,000Source | -530,681,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 507,503,000Source | 355,667,000Source | 288,063,000Source | 232,983,000Source | 480,206,000Source | 334,317,000Source | 563,479,000Source | 524,615,000Source | 522,574,000Source | 208,933,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 239,463,000Source | 278,329,000Source | 778,793,000Source | 781,401,000Source | 762,610,000Source | 466,806,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 7,337,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -150,000Source | 186,000Source | 160,000Source | 445,000Source | -63,000Source | — |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 10,894,000Source | 12,356,000Source | 46,831,000Source | 46,668,000Source | 46,123,000Source | 32,363,000Source |
| DepreciationUSD | — | — | 937,000Source | 1,008,000Source | 998,000Source | 741,000Source | 967,000Source | 996,000Source | 3,637,000Source | 4,125,000Source | 4,298,000Source | 3,182,000Source |
| Dividends PayableUSD | — | — | 486,258,000Source | 457,977,000Source | 500,755,000Source | 462,113,000Source | 486,316,000Source | 462,092,000Source | 486,259,000Source | 461,954,000Source | 437,599,000Source | 380,178,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 16,344,000Source | 16,458,000Source | 15,429,000Source | 14,561,000Source | 15,976,000Source | 14,860,000Source | 65,082,000Source | 69,109,000Source | 59,603,000Source | 48,340,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 1,280,000Source | 59,769,000Source |
| Income Tax Expense (Benefit)USD | — | — | 3,885,000Source | 2,461,000Source | -461,000Source | 5,564,000Source | 3,974,000Source | -2,456,000Source | 2,435,000Source | 9,704,000Source | -6,141,000Source | 2,876,000Source |
| InterestExpenseNonoperatingUSD | — | — | 210,333,000Source | 207,317,000Source | 209,927,000Source | 213,797,000Source | 209,362,000Source | 209,251,000Source | 843,614,000Source | 826,097,000Source | — | — |
| Investment Income, InterestUSD | — | — | 3,881,000Source | 2,797,000Source | 2,228,000Source | 2,293,000Source | 4,493,000Source | 3,697,000Source | 14,363,000Source | 16,095,000Source | 23,970,000Source | 9,530,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 762,040,000Source | 732,898,000Source | 526,521,000Source | 865,079,000Source | 872,390,000Source | 543,607,000Source | 2,775,493,000Source | 2,678,810,000Source | 2,513,540,000Source | 1,117,635,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 11,580,000Source | 11,583,000Source | 8,790,000Source | 13,289,000Source | 13,564,000Source | 8,658,000Source | 43,051,000Source | 42,432,000Source | 41,082,000Source | 18,632,000Source |
| Operating Costs and ExpensesUSD | — | — | — | 13,143,000Source | — | — | — | 228,723,000Source | 358,544,000Source | 308,838,000Source | 275,157,000Source | 990,900,000Source |
| Operating Lease, ExpenseUSD | — | — | 632,000Source | 631,000Source | 635,000Source | 632,000Source | 627,000Source | 626,000Source | 2,520,000Source | 2,334,000Source | 2,004,000Source | 2,006,000Source |
| Operating Lease, Lease IncomeUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 375,349,000Source | 378,687,000Source | 2,480,105,000Source | 3,219,101,000Source |
| Share-based Payment Arrangement, Expense | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,007,488,000Source | 964,669,000Source | 1,058,505,000Source | 1,001,334,000Source | 1,018,521,000Source | 984,204,000Source | 4,006,116,000Source | 3,849,205,000Source | 3,611,988,000Source | 2,600,697,000Source |
| Cost of RevenueUSD | — | — | 6,765,000Source | 6,824,000Source | 7,395,000Source | 6,619,000Source | 6,469,000Source | 6,352,000Source | 26,730,000Source | 26,895,000Source | 27,089,000Source | 22,602,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 777,505,000Source | 746,942,000Source | 534,850,000Source | 883,932,000Source | 889,928,000Source | 549,809,000Source | 2,820,979,000Source | 2,730,946,000Source | 2,548,481,000Source | 1,139,143,000Source |
| Income Tax Expense (Benefit)USD | — | — | 3,885,000Source | 2,461,000Source | -461,000Source | 5,564,000Source | 3,974,000Source | -2,456,000Source | 2,435,000Source | 9,704,000Source | -6,141,000Source | 2,876,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 11,580,000Source | 11,583,000Source | 8,790,000Source | 13,289,000Source | 13,564,000Source | 8,658,000Source | 43,051,000Source | 42,432,000Source | 41,082,000Source | 18,632,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 762,040,000Source | 732,898,000Source | 526,521,000Source | 865,079,000Source | 872,390,000Source | 543,607,000Source | 2,775,493,000Source | 2,678,810,000Source | 2,513,540,000Source | 1,117,635,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.71Source | 0.7Source | 0.48Source | 0.82Source | 0.82Source | 0.51Source | 2.61Source | 2.56Source | 2.48Source | 1.27Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.71Source | 0.7Source | 0.48Source | 0.82Source | 0.82Source | 0.51Source | 2.61Source | 2.56Source | 2.47Source | 1.27Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 1,067,253,644Source | 1,046,626,838Source | 1,090,197,080Source | 1,056,222,836Source | 1,068,399,427Source | 1,056,012,414Source | 1,062,006,448Source | 1,046,739,537Source | 1,014,513,195Source | 877,508,388Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 1,068,369,218Source | 1,048,338,348Source | 1,090,236,611Source | 1,057,270,580Source | 1,068,527,584Source | 1,056,432,790Source | 1,062,693,062Source | 1,047,675,111Source | 1,015,776,697Source | 879,675,845Source |
| Interest Expense (non-operating)USD | — | — | 210,333,000Source | 207,317,000Source | 209,927,000Source | 213,797,000Source | 209,362,000Source | 209,251,000Source | 843,614,000Source | 826,097,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.45Source | 0.43Source | 0.45Source | 0.43Source | 0.45Source | 0.43Source | 1.77Source | 1.7Source | 1.61Source | 1.5Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 4,178,000Source | 4,265,000Source | 4,285,000Source | 2,416,000Source |
| General and Administrative ExpenseUSD | — | — | 16,344,000Source | 16,458,000Source | 15,429,000Source | 14,561,000Source | 15,976,000Source | 14,860,000Source | 65,082,000Source | 69,109,000Source | 59,603,000Source | 48,340,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 2,767,100,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 1,280,000Source | 59,769,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 818,056,000Source | 539,953,000Source |
| Investment Income, InterestUSD | — | — | 3,881,000Source | 2,797,000Source | 2,228,000Source | 2,293,000Source | 4,493,000Source | 3,697,000Source | 14,363,000Source | 16,095,000Source | 23,970,000Source | 9,530,000Source |
| Lease IncomeUSD | — | — | — | — | — | — | — | — | — | — | — | 47,819,000Source |
| Operating Costs and ExpensesUSD | — | — | — | 13,143,000Source | — | — | — | 228,723,000Source | 358,544,000Source | 308,838,000Source | 275,157,000Source | 990,900,000Source |
| Operating Lease, ExpenseUSD | — | — | 632,000Source | 631,000Source | 635,000Source | 632,000Source | 627,000Source | 626,000Source | 2,520,000Source | 2,334,000Source | 2,004,000Source | 2,006,000Source |
| Operating Lease, Lease IncomeUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Other ExpensesUSD | — | — | 19,547,000Source | 19,315,000Source | 18,915,000Source | 19,536,000Source | 18,899,000Source | 19,513,000Source | 77,479,000Source | 77,422,000Source | 73,326,000Source | 59,629,000Source |
| Other IncomeUSD | — | — | 19,547,000Source | 19,315,000Source | 18,915,000Source | 19,536,000Source | 18,899,000Source | 19,513,000Source | 77,479,000Source | 77,422,000Source | 73,326,000Source | 59,629,000Source |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |