v3.26.3
Earnings Per Share and Earnings Per Unit (Tables)
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Weighted Average Earnings Per Share
The following tables reconcile the weighted-average shares of common stock outstanding used in the calculation of basic earnings per share to the weighted-average shares of common stock outstanding used in the calculation of diluted earnings per share:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands)2026202520262025
Determination of shares:
Weighted-average shares of common stock outstanding1,100,560 1,067,254 1,086,503 1,059,871 
Assumed conversion of restricted stock65 779 78 613 
Assumed settlement of forward sale agreements— 337 — 248 
Diluted weighted-average shares of common stock outstanding1,100,625 1,068,369 1,086,581 1,060,732 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands, except per share data)2026202520262025
Basic:
Net income attributable to common stockholders$342,534 $762,040 $1,741,445 $2,170,726 
Weighted-average shares of common stock outstanding1,100,560 1,067,254 1,086,503 1,059,871 
Basic EPS$0.31 $0.71 $1.60 $2.05 
Diluted:
Net income attributable to common stockholders$342,534 $762,040 $1,741,445 $2,170,726 
Diluted weighted-average shares of common stock outstanding1,100,625 1,068,369 1,086,581 1,060,732 
Diluted EPS$0.31 $0.71 $1.60 $2.05 
The following tables reconcile the weighted-average units outstanding used in the calculation of basic EPU to the diluted weighted-average units outstanding used in the calculation of diluted EPU:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands)2026202520262025
Determination of units:
Weighted-average units outstanding1,112,792 1,079,485 1,098,735 1,072,102 
Assumed conversion of VICI restricted stock65 779 78 613 
Assumed settlement of VICI forward sale agreements— 337 — 248 
Diluted weighted-average units outstanding1,112,857 1,080,601 1,098,812 1,072,963 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands, except per unit data)2026202520262025
Basic:
Net income attributable to partners$346,716 $770,281 $1,755,658 $2,190,024 
Weighted-average units outstanding1,112,792 1,079,485 1,098,735 1,072,102 
Basic EPU$0.31 $0.71 $1.60 $2.04 
Diluted:
Net income attributable to partners$346,716 $770,281 $1,755,658 $2,190,024 
Diluted weighted-average units outstanding1,112,857 1,080,601 1,098,812 1,072,963 
Diluted EPU$0.31 $0.71 $1.60 $2.04