VICI Properties, an experiential real estate investment trust, saw revenue growth of 4.6 per cent year-over-year to $1bn for the quarter ended June 30, 2025.
During the quarter, it entered into an agreement to provide up to $510m of development funds pursuant to a delayed draw term loan facility for the development of the North Fork Mono Casino & Resort located near Madera, California, which will be developed and managed by affiliates of Red Rock Resorts.
Edward Pitoniak, Chief Executive Officer of VICI Properties, said: “In the second quarter of 2025, we increased our quarterly revenue by 4.6 per cent and our quarterly AFFO per share by nearly five per cent year-over-year, reflecting the efficient flow-through of our business model. The strength of our internal growth from contractual rent escalations coupled with investment activity across new and existing partnerships continues to support our earnings growth. During the second quarter, we initiated a partnership with Red Rock Resorts related to the development of the North Fork Mono Casino & Resort near Madera, California, and we expanded our investment with Cain International and Eldridge Industries related to the development of One Beverly Hills. We also refinanced senior unsecured debt coming due in the second quarter at a blended yield of 5.34 per cent, including the impact of our hedging program, underscoring the importance VICI places on situational readiness in protecting and advancing the compounding nature of our business model.”
The post VICI Properties sees second-quarter revenues surge past $1bn appeared first on G3 Newswire.
VICI Properties, an experiential real estate investment trust, saw revenue growth of 4.6 per cent year-over-year to $1bn for the quarter ended June 30, 2025. During the quarter, it entered into an agreement to provide up to $510m of development funds pursuant to a delayed draw term loan facility for the development of the North…
The post VICI Properties sees second-quarter revenues surge past $1bn appeared first on G3 Newswire.