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VICI PROPERTIES L.P. CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real estate portfolio:    
Investments in leases - sales-type, net [1] $ 23,581,101 $ 23,015,931
Land 150,727 150,727
Cash and cash equivalents 524,615 522,574
Other assets [1] 1,030,644 1,015,330
Total assets 45,368,940 44,059,841
Liabilities    
Debt, net 16,732,889 16,724,125
Accrued expenses and deferred revenue 217,956 227,241
Distributions payable 461,954 437,599
Other liabilities 1,004,340 1,013,102
Total liabilities 18,417,139 18,402,067
Commitments and contingent liabilities (Note 10)
Partners’ capital    
Accumulated other comprehensive income 144,574 153,870
Total liabilities and stockholders’ equity 45,368,940 44,059,841
Investments in leases - financing receivables, net    
Real estate portfolio:    
Investments in leases and loans [1] 18,430,320 18,211,102
Investments in loans and securities, net    
Real estate portfolio:    
Investments in leases and loans [1] 1,651,533 1,144,177
VICI Properties LP    
Real estate portfolio:    
Investments in leases - sales-type, net [2] 23,581,101 23,015,931
Land 150,727 150,727
Cash and cash equivalents 456,899 471,584
Other assets [2] 1,015,180 936,528
Total assets 45,285,760 43,930,049
Liabilities    
Debt, net 16,732,889 16,724,125
Accrued expenses and deferred revenue 215,452 222,333
Distributions payable 461,954 437,599
Other liabilities 990,577 998,363
Total liabilities 18,400,872 18,382,420
Commitments and contingent liabilities (Note 10)
Partners’ capital    
Partners’ capital, 1,068,598,058 and 1,054,934,136 operating partnership units issued and outstanding at December 31, 2024 and December 31, 2023, respectively 26,634,873 25,288,647
Accumulated other comprehensive income 143,899 153,350
Total VICI LP’s capital 26,778,772 25,441,997
Non-controlling interest 106,116 105,632
Total capital attributable to partners 26,884,888 25,547,629
Total liabilities and stockholders’ equity 45,285,760 43,930,049
VICI Properties LP | Investments in leases - financing receivables, net    
Real estate portfolio:    
Investments in leases and loans [2] 18,430,320 18,211,102
VICI Properties LP | Investments in loans and securities, net    
Real estate portfolio:    
Investments in leases and loans [2] $ 1,651,533 $ 1,144,177
[1] As of December 31, 2024 and December 31, 2023, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and Other assets (sales-type sub-leases) are net of $802.7 million, $737.1 million, $25.0 million and $20.6 million, respectively, and $701.1 million, $703.6 million, $29.8 million, and $18.7 million, respectively, of Allowance for credit losses. Refer to Note 5 - Allowance for Credit Losses for further details.
[2] As of December 31, 2024 and December 31, 2023, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and Other assets (sales-type sub-leases) are net of $802.7 million, $737.1 million, $25.0 million and $20.6 million, respectively, and $701.1 million, $703.6 million, $29.8 million, and $18.7 million, respectively, of Allowance for credit losses. Refer to Note 5 - Allowance for Credit Losses for further details.