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VICI PROPERTIES INC. CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Real estate portfolio:    
Investments in leases - sales-type, net [1] $ 24,370,572,000 $ 23,706,563,000
Real estate under development 25,499,000 0
Land 148,002,000 148,002,000
Cash and cash equivalents 270,321,000 563,479,000
Short-term investments 0 44,484,000
Other assets [1] 1,030,126,000 1,039,050,000
Total assets 48,064,304,000 46,724,168,000
Liabilities    
Debt, net 16,916,934,000 16,773,241,000
Accrued expenses and deferred revenue 178,249,000 238,715,000
Dividends and distributions payable 511,884,000 486,259,000
Other liabilities 1,017,579,000 1,003,366,000
Total liabilities 18,624,646,000 18,501,581,000
Commitments and contingent liabilities (Note 10)
Stockholders’ equity    
Common stock, $0.01 par value, 1,350,000,000 shares authorized and 1,101,083,124 and 1,068,811,371 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 11,011,000 10,688,000
Preferred stock, $0.01 par value, 50,000,000 shares authorized and no shares outstanding at September 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 25,859,760,000 24,898,868,000
Accumulated other comprehensive income 115,455,000 121,031,000
Retained earnings 3,025,489,000 2,767,053,000
Total VICI stockholders’ equity 29,011,715,000 27,797,640,000
Non-controlling interests 427,943,000 424,947,000
Total stockholders’ equity 29,439,658,000 28,222,587,000
Total liabilities and partners’ capital 48,064,304,000 46,724,168,000
Investments in leases - financing receivables, net    
Real estate portfolio:    
Investments in leases - financing receivables, net [1] 19,235,774,000 18,697,133,000
Investments in loans and securities, net    
Real estate portfolio:    
Investments in leases - financing receivables, net [1] $ 2,984,010,000 $ 2,525,457,000
[1] As of September 30, 2026 and December 31, 2025, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and securities, and Other assets (sales-type sub-leases) are net of allowance for credit losses of $1,282.4 million, $884.9 million, $159.0 million and $29.7 million, respectively, and $919.2 million, $769.9 million, $56.4 million and $23.9 million, respectively. Refer to Note 5 - Allowance for Credit Losses for further details.