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VICI PROPERTIES INC . ANNOUNCES FIRST QUARTER 2021 RESULTS - - Announces Record Revenue Growth of 46.8 % - - Reaffirms Guidance for Full Year 2021 - NEW YORK , NY – April 29 , 2021 – VICI Properties Inc. ( NYSE : VICI ) ( “ VICI Properties ” or the “ Company ” ) , an experiential real estate investment trust , today reported results for the quarter ended March 31 , 2021. All per share amounts included herein are on a per diluted share basis unless otherwise stated . First Quarter 2021 Financial and Operating Highlights • Total revenues increased 46.8 % year - over - year to $ 374.3 million • Net income attributable to common stockholders was $ 269.8 million , or $ 0.50 per share • FFO was $ 269.8 million , or $ 0.50 per share AFFO increased 41.7 % year - over - year to $ 255.0 million • AFFO per share increased 23.7 % to $ 0.47 • Announced a $ 4.0 billion acquisition of the land and real estate assets of The Venetian Resort Las Vegas and the Sands Expo and Convention Center Declared a quarterly cash dividend of $ 0.33 per share Completed an equity offering in which 69,000,000 shares were sold through forward sale agreements at $ 29.00 per share CEO Comments Edward Pitoniak , Chief Executive Officer of VICI Properties , said : “ During the first quarter of 2021 , Team VICI worked hard to create value for our stockholders by generating AFFO growth in the quarter and by executing a transaction that will generate , upon closing , AFFO growth in future quarters . Following on our strong double - digit AFFO growth in 2020 , a year in which most REITs posted AFFO declines , we posted 23.7 % growth in AFFO per share in Q1 2021. VICI also announced in Q1 the $ 4.0 billion acquisition of the real estate of the Venetian Resort Las Vegas and the Sands Expo and Convention Center : one of America's most economically productive commercial real estate assets . Upon closing , this acquisition will generate $ 250 million of incremental annual rent without any direct corresponding increase in our operating expenses , demonstrating the extreme efficiency of our triple net business model . Our successful track record of consistent value creation is supported by prudent balance sheet management and our proven access to capital markets , as we raised $ 2.0 billion of equity during the quarter to fund the Venetian acquisition , eliminating equity market risk with respect to the acquisition . Finally , we are very pleased with recent reporting on the continuing resurgence in visitation and spending within gaming jurisdictions across the US . We believe US gaming , after showing its resilience as a consumer leisure sector throughout the worst periods of the COVID - 19 pandemic , will demonstrate continuing leadership as America fully reopens from the crisis . "