XML 26 R10.htm IDEA: XBRL DOCUMENT v3.25.3
VICI PROPERTIES L.P. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Income from sales-type leases $ 531,765 $ 518,691 $ 1,590,717 $ 1,543,752
Income from lease financing receivables, loans and securities 447,986 419,115 1,314,726 1,242,151
Other income 19,547 19,315 58,596 57,950
Total revenues 1,007,488 964,669 2,993,026 2,873,153
Operating expenses        
General and administrative 16,344 16,458 45,765 48,418
Depreciation 937 1,008 2,674 3,133
Other expenses 19,547 19,315 58,596 57,950
Change in allowance for credit losses (20,153) (31,626) 24,803 32,292
Transaction and acquisition expenses 9 1,164 7,488 1,728
Total operating expenses 23,449 13,143 159,062 163,669
Interest expense (210,333) (207,317) (633,381) (617,976)
Interest income 3,881 2,797 9,871 12,016
Other (losses) gains (82) (64) 792 770
Income before income taxes 777,505 746,942 2,211,246 2,104,294
Provision for income taxes (3,885) (2,461) (6,993) (7,257)
Net income 773,620 744,481 2,204,253 2,097,037
Less: Net income attributable to non-controlling interests $ (11,580) $ (11,583) $ (33,527) $ (32,821)
Net income per Partnership unit        
Basic (in dollars per share) $ 0.71 $ 0.70 $ 2.05 $ 1.98
Diluted (in dollars per share) $ 0.71 $ 0.70 $ 2.05 $ 1.98
Weighted average number of Partnership units outstanding        
Basic (in shares) 1,067,253,644 1,046,626,838 1,059,870,808 1,043,921,660
Diluted (in shares) 1,068,369,218 1,048,338,348 1,060,732,039 1,044,897,468
Other comprehensive income        
Comprehensive income attributable to common stockholders $ 751,131 $ 726,392 $ 2,151,350 $ 2,052,051
VICI Properties LP        
Revenues        
Income from sales-type leases 531,765 518,691 1,590,717 1,543,752
Income from lease financing receivables, loans and securities 447,986 419,115 1,314,726 1,242,151
Other income 19,547 19,315 58,596 57,950
Total revenues 999,298 957,121 2,964,039 2,843,853
Operating expenses        
General and administrative 16,284 16,366 45,632 48,255
Depreciation 131 125 390 570
Other expenses 19,547 19,315 58,596 57,950
Change in allowance for credit losses (20,153) (31,626) 24,803 32,292
Transaction and acquisition expenses 9 1,164 7,488 1,728
Total operating expenses 15,818 5,344 136,909 140,795
Interest expense (210,333) (207,317) (633,381) (617,976)
Interest income 3,777 2,624 9,475 10,485
Other (losses) gains (82) (64) 792 770
Income before income taxes 776,842 747,020 2,204,016 2,096,337
Provision for income taxes (3,736) (2,480) (5,434) (5,775)
Net income 773,106 744,540 2,198,582 2,090,562
Less: Net income attributable to non-controlling interests (2,825) (3,021) (8,558) (8,722)
Net income attributable to partners $ 770,281 $ 741,519 $ 2,190,024 $ 2,081,840
Net income per Partnership unit        
Basic (in dollars per share) $ 0.71 $ 0.70 $ 2.04 $ 1.97
Diluted (in dollars per share) $ 0.71 $ 0.70 $ 2.04 $ 1.97
Weighted average number of Partnership units outstanding        
Basic (in shares) 1,079,485,017 1,058,858,211 1,072,102,181 1,056,153,033
Diluted (in shares) 1,080,600,591 1,060,569,721 1,072,963,412 1,057,128,841
Net income attributable to partners $ 770,281 $ 741,519 $ 2,190,024 $ 2,081,840
Other comprehensive income        
Reclassification of derivative gain to Interest expense (6,389) (6,100) (19,120) (18,530)
Unrealized (loss) gain on cash flow hedges 0 (2,714) (5,949) 9,768
Foreign currency translation adjustments, net (4,652) 2,258 5,474 (3,559)
Comprehensive income attributable to common stockholders $ 759,240 $ 734,963 $ 2,170,429 $ 2,069,519