v3.26.3
VICI PROPERTIES L.P. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Income from sales-type leases $ 556,749 $ 531,765 $ 1,642,668 $ 1,590,717
Income from lease financing receivables, loans and securities 482,642 447,986 1,412,990 1,314,726
Other income 18,969 19,547 56,783 58,596
Total revenues 1,065,484 1,007,488 3,142,510 2,993,026
Expenses        
General and administrative 17,479 16,344 48,884 45,765
Depreciation 876 937 2,841 2,674
Other expenses 18,969 19,547 56,783 58,596
Change in allowance for credit losses 458,030 (20,153) 610,314 24,803
Transaction and acquisition expenses 194 9 2,176 7,488
Total expenses 502,406 23,449 741,720 159,062
Interest expense (214,983) (210,333) (634,272) (633,381)
Interest income 1,564 3,881 8,285 9,871
Other (losses) gains (229) (82) (595) 792
Income before income taxes 349,430 777,505 1,774,208 2,211,246
Provision for income taxes (2,579) (3,885) (6,092) (6,993)
Net income 346,851 773,620 1,768,116 2,204,253
Less: Net income attributable to non-controlling interests $ (4,317) $ (11,580) $ (26,671) $ (33,527)
Net income per Partnership unit        
Basic (in dollars per share) $ 0.31 $ 0.71 $ 1.60 $ 2.05
Diluted (in dollars per share) $ 0.31 $ 0.71 $ 1.60 $ 2.05
Weighted average number of Partnership units outstanding        
Basic (in shares) 1,100,560,183 1,067,253,644 1,086,503,368 1,059,870,808
Diluted (in shares) 1,100,625,472 1,068,369,218 1,086,581,026 1,060,732,039
Other comprehensive income        
Reclassification of derivative gain to Interest expense $ (6,640) $ (6,389) $ (19,418) $ (19,120)
Unrealized gain (loss) on cash flow hedges 7,081 0 19,959 (5,949)
Comprehensive income attributable to common stockholders 342,577 751,131 1,735,869 2,151,350
VICI Properties LP        
Revenues        
Income from sales-type leases 556,749 531,765 1,642,668 1,590,717
Income from lease financing receivables, loans and securities 482,642 447,986 1,412,990 1,314,726
Other income 18,969 19,547 56,783 58,596
Total revenues 1,058,360 999,298 3,112,441 2,964,039
Expenses        
General and administrative 17,438 16,284 48,766 45,632
Depreciation 133 131 396 390
Other expenses 18,969 19,547 56,783 58,596
Change in allowance for credit losses 458,030 (20,153) 610,314 24,803
Transaction and acquisition expenses 194 9 2,176 7,488
Total expenses 494,764 15,818 718,435 136,909
Interest expense (214,983) (210,333) (634,272) (633,381)
Interest income 1,531 3,777 8,094 9,475
Other (losses) gains (229) (82) (595) 792
Income before income taxes 349,915 776,842 1,767,233 2,204,016
Provision for income taxes (2,692) (3,736) (4,553) (5,434)
Net income 347,223 773,106 1,762,680 2,198,582
Less: Net income attributable to non-controlling interests (507) (2,825) (7,022) (8,558)
Net income attributable to partners $ 346,716 $ 770,281 $ 1,755,658 $ 2,190,024
Net income per Partnership unit        
Basic (in dollars per share) $ 0.31 $ 0.71 $ 1.60 $ 2.04
Diluted (in dollars per share) $ 0.31 $ 0.71 $ 1.60 $ 2.04
Weighted average number of Partnership units outstanding        
Basic (in shares) 1,112,791,556 1,079,485,017 1,098,734,741 1,072,102,181
Diluted (in shares) 1,112,856,845 1,080,600,591 1,098,812,399 1,072,963,412
Other comprehensive income        
Net income attributable to partners $ 346,716 $ 770,281 $ 1,755,658 $ 2,190,024
Reclassification of derivative gain to Interest expense (6,640) (6,389) (19,418) (19,120)
Unrealized gain (loss) on cash flow hedges 7,081 0 19,959 (5,949)
Foreign currency translation adjustments (398) (4,652) (6,178) 5,474
Comprehensive income attributable to common stockholders $ 346,759 $ 759,240 $ 1,750,021 $ 2,170,429