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VICI PROPERTIES L.P. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Income from sales-type leases $ 2,068,443 $ 1,980,178 $ 1,464,245
Income from lease financing receivables, loans and securities 1,662,889 1,519,516 1,041,229
Other income 77,422 73,326 59,629
Total revenues 3,849,205 3,611,988 2,600,697
Operating expenses      
General and administrative 69,109 59,603 48,340
Depreciation 4,125 4,298 3,182
Other expenses 77,422 73,326 59,629
Change in allowance for credit losses 126,720 102,824 834,494
Transaction and acquisition expenses 4,567 8,017 22,653
Income from unconsolidated affiliate 0 1,280 59,769
Interest expense (826,097) (818,056) (539,953)
Interest income 16,095 23,970 9,530
Other gains 581 4,456 0
Income before income taxes 2,730,946 2,548,481 1,139,143
(Provision for) benefit from income taxes (9,704) 6,141 (2,876)
Net income 2,721,242 2,554,622 1,136,267
Less: Net income attributable to non-controlling interests $ (42,432) $ (41,082) $ (18,632)
Net income per common share      
Basic (in dollars per share) $ 2.56 $ 2.48 $ 1.27
Diluted (in dollars per share) $ 2.56 $ 2.47 $ 1.27
Weighted average number of shares of common stock outstanding      
Basic (in shares) 1,046,739,537 1,014,513,195 877,508,388
Diluted (in shares) 1,047,675,111 1,015,776,697 879,675,845
Other comprehensive income      
Comprehensive income attributable to common stockholders $ 2,669,514 $ 2,482,057 $ 1,302,156
VICI Properties LP      
Revenues      
Income from sales-type leases 2,068,443 1,980,178 1,464,245
Income from lease financing receivables, loans and securities 1,662,889 1,519,516 1,041,229
Other income 77,422 73,326 59,629
Total revenues 3,808,754 3,573,020 2,565,103
Operating expenses      
General and administrative 63,909 59,570 48,332
Depreciation 699 558 121
Other expenses 77,422 73,326 59,629
Change in allowance for credit losses 126,720 102,824 834,494
Transaction and acquisition expenses 4,567 8,017 22,653
Total operating expenses 273,317 244,295 965,229
Income from unconsolidated affiliate 0 1,280 59,769
Interest expense (826,097) (818,056) (539,953)
Interest income 14,013 21,444 8,481
Other gains 581 4,456 0
Income before income taxes 2,723,934 2,537,849 1,128,171
(Provision for) benefit from income taxes (8,479) 8,121 (573)
Net income 2,715,455 2,545,970 1,127,598
Less: Net income attributable to non-controlling interests (11,200) (10,904) (9,127)
Net income attributable to common stockholders $ 2,704,255 $ 2,535,066 $ 1,118,471
Net income per common share      
Basic (in dollars per share) $ 2.55 $ 2.47 $ 1.26
Diluted (in dollars per share) $ 2.55 $ 2.47 $ 1.26
Weighted average number of shares of common stock outstanding      
Basic (in shares) 1,058,970,910 1,026,744,568 885,785,509
Diluted (in shares) 1,059,906,484 1,028,008,070 887,952,966
Other comprehensive income      
Net income attributable to common stockholders $ 2,704,255 $ 2,535,066 $ 1,118,471
Reclassification of derivative gain Interest expense (24,662) (24,148) (16,233)
Unrealized gain (loss) on cash flow hedges 26,973 (9,655) 200,550
Foreign currency translation adjustments (11,762) 1,952 0
Comprehensive income attributable to common stockholders $ 2,694,804 $ 2,503,215 $ 1,302,788