10-Q quarterly report · filed Jul 30, 2025

Vici Properties (VICI) Q2 2025 10-Q Quarterly Report

Short answer

Vici Properties (VICI) filed its Q2 2025 10-Q quarterly report on Jul 30, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.0B (up 4.6% year over year) with net income of $865M.

Q2 2025 key financials · XBRL

Revenue
$1.0B
+4.6% YoY · +1.7% QoQ
Net income
$865M
+16.7% YoY · +59.1% QoQ
EPS (diluted)
$0.82
+15.5% YoY · +60.8% QoQ

Source: XBRL data from the Vici Properties (VICI) Q2 2025 10-Q on SEC EDGAR. USD.

Vici Properties Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New funding commitment risk: $300M Venetian Capital Investment option funding through Nov 2026 initiated May 1, 2024
  • Updated liquidity risk: cash decreased $114.2M YoY, cash $233M vs $347M at June 30, 2024, driven by increased investing outflows
  • Legal tax compliance risk: REIT mandatory 90% distribution to avoid 4% excise tax on undistributed income per federal tax law
  • Operational leasing risk: tenants responsible for capital expenditures, insurance, taxes under lease agreements per Note 4
  • Debt maturity risk: $17.3B outstanding debt with none maturing in next 12 months, $13.95B senior unsecured notes maturing 2026-29

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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