VICI Properties Inc. (: VICI) reported Q1 EPS of $0.33, $0.01 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $218.3 million versus the consensus estimate of $216.2 million.

• Net revenues for the quarter ended March 31, 2018 were $218.3 million and included $211.5 million of rental revenues.
• Net income attributable to common shareholders was $112.1 million, or $0.33 per diluted share, for the quarter ended March 31, 2018.
• NAREIT-defined Funds from Operations (“FFO”) attributable to common shareholders was $112.1 million, or $0.33 per diluted share, for the quarter ended March 31, 2018.
• Adjusted Funds from Operations (“AFFO”) attributable to common shareholders was $125.0 million, or $0.36 per diluted share, for the quarter ended March 31, 2018.
• On February 5, 2018, the Company completed an initial registered public offering (“IPO”) of 69,575,000 shares of common stock at an offering price of $20.00 per share.
• On April 13, 2018, the Company paid a pro rated quarterly cash dividend of $0.16 per share of common stock for the period from February 5, 2018 to March 31, 2018, based on a quarterly distribution rate of $0.2625 per share.

Guidance

The Company is providing estimated net income and AFFO per share guidance for the full year of 2018. The Company estimates that net income attributable to common shareholders for the year ending December 31, 2018 will be between $1.44 and $1.46 per diluted share. The Company estimates AFFO per share for the year ending December 31, 2018 will be between $1.39 and $1.41 per diluted share.

For earnings history and earnings-related data on VICI Properties Inc. (VICI) click here.