VICI Properties (VICI) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the reporting quarter, driven by continued growth in the real estate portfolio. The company reported higher revenue compared to both the prior quarter and the same quarter a year ago.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the reporting quarter, driven by continued growth in the real estate portfolio. The company reported higher revenue compared to both the prior quarter and the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$904.3M
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+20.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $769.9M | +100.9% |
| Mar 31, 2023 | $877.6M | +110.7% |
| Jun 30, 2023 | $898.2M | +35.5% |
| Sep 30, 2023 | $904.3M | +20.3% |
Revenue performance
Revenue for the quarter was higher than the preceding quarter, reflecting the company's ongoing expansion in its lease and loan investments.
Quarterly comparison
Compared to the prior quarter, revenue showed a modest increase. Versus the same period last year, revenue was substantially higher, indicating strong year-over-year growth.
What to watch
Monitor the company's liquidity position and its ability to sustain growth in the real estate portfolio.