VICI Properties Inc. Announces Third Quarter 2019 Results

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Go back to VICI Properties Inc. Announces Third Quarter 2019 Results

VICI Properties Inc. (VICI) Misses Q3 EPS by 2c, Revenues Miss

October 31, 2019 4:26 PM EDT

VICI Properties Inc. (NYSE: VICI) reported Q3 EPS of $0.31, $0.02 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $222.5 million versus the consensus estimate of $223.99 million.

Third Quarter 2019 Financial Results Summary

Total revenues were $222.5 million for the quarter ended September 30, 2019, compared to $232.7 million for the quarter ended September 30, 2018. The quarter ended September 30, 2018 included $25.1 million associated with tenant reimbursement of property taxes that are no longer recorded as revenue1. Excluding the impact of tenant reimbursement of property taxes, total revenues for the quarter ended September 30, 2019 increased 7.2% compared to the quarter ended September... More