VICI Properties (VICI) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased from both the prior quarter and the same quarter a year earlier. The positive trajectory reflects continued growth in the company's experiential asset portfolio.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased from both the prior quarter and the same quarter a year earlier. The positive trajectory reflects continued growth in the company's experiential asset portfolio.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$931.9M
Revenue reported for this quarter.
Quarter-over-quarter
+3.0%
Change from the immediately preceding quarter.
Year-over-year
+21.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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 |
|---|---|---|
| Mar 31, 2023 | $877.6M | +110.7% |
| Jun 30, 2023 | $898.2M | +35.5% |
| Sep 30, 2023 | $904.3M | +20.3% |
| Dec 31, 2023 | $931.9M | +21.0% |
Revenue performance
The reported revenue rose compared with the immediately preceding quarter, marking another sequential improvement. Year-over-year, the revenue also showed a substantial increase.
Quarterly comparison
When measured against the prior quarter, revenue moved higher, and the gain relative to the same quarter one year earlier was even more pronounced.
What to watch
The company’s 100% leased portfolio with a long weighted-average lease term supports revenue stability, but any change in tenant performance or lease renewals would be key to monitor.