Wells Fargo Starts VICI Properties Inc. (VICI) at Overweight

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Go back to Wells Fargo Starts VICI Properties Inc. (VICI) at Overweight

VICI Properties Inc. (VICI) Misses Q4 EPS by 11c, Revenues Beat

February 20, 2020 4:18 PM EST

VICI Properties Inc. (NYSE: VICI) reported Q4 EPS of $0.21, $0.11 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $237.5 million versus the consensus estimate of $235.3 million.

Fourth Quarter 2019 Financial Results Summary

Total revenues were $237.5 million for the quarter, compared to $226.0 million for the quarter ended December 31, 2018. The quarter ended December 31, 2018 included $19.9 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 increased 15.2% compared to the quarter ended December 31, 2018.Leasing revenues were... More