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VICI PROPERTIES INC . ANNOUNCES SECOND QUARTER 2021 RESULTS Announces Revenue Growth of 45.9 % - Enters Strategic Arrangement with Great Wolf Resorts , Inc. - Reaffirms Guidance for Full Year 2021 - NEW YORK , NY – July 28 , 2021 VICI Properties Inc. ( NYSE : VICI ) ( “ VICI Properties " or the " Company " ) , an experiential real estate investment trust , today reported results for the quarter ended June 30 , 2021. All per share amounts included herein are on a per diluted share basis unless otherwise stated . Second Quarter 2021 Financial and Operating Highlights Total revenues increased 45.9 % year - over - year to $ 376.4 million Net income attributable to common stockholders was $ 300.7 million , or $ 0.54 per share FFO was $ 300.7 million , or $ 0.54 per share AFFO increased 45.3 % year - over - year to $ 256.1 million AFFO per share increased 27.8 % year - over - year to $ 0.46 Entered into a strategic arrangement with Great Wolf Resorts , Inc. to provide up to a total of $ 300 million of mezzanine financing for the construction and development of Great Wolf's extensive domestic and international indoor water park resort pipeline Declared a quarterly cash dividend of $ 0.33 per share CEO Comments Edward Pitoniak , Chief Executive Officer of VICI Properties , said : " Our stellar second quarter 2021 financial results , supported by revenue growth of 45.9 % year - over - year , highlight the value we've created on behalf of shareholders by growing our portfolio accretively and partnering with best - in - class tenants . Earlier in July , we announced a strategic partnership arrangement with Great Wolf Resorts , which is a result of our work sourcing unique opportunities that align with our experiential strategy and focus . Additionally , we continue to work diligently toward closing our pending acquisition of the real estate of the Venetian Resort Las Vegas and Sands Expo and Convention Center . We note that institutional capital continues to validate our sector , as demonstrated by the recent acquisition of CityCenter on the Las Vegas Strip at a 5.5 % cap rate . Our acquisition of the Venetian's real estate at a 6.25 % cap rate showcases our ability to be opportunistic and prudent as the institutionalization of gaming real estate continues . " Second Quarter 2021 Financial Results Total Revenues Total revenues were $ 376.4 million for the quarter , an increase of 45.9 % compared to $ 257.9 million for the quarter ended June 30 , 2020. Total revenues for the quarter included $ 36.3 million of non - cash items , comprised of $ 29.3 million of non - cash leasing and financing adjustments and $ 7.0 million of other income . Net Income Attributable to Common Stockholders Net income attributable to common stockholders was $ 300.7 million for the quarter , or $ 0.54 per share , compared to $ 229.4 million , or $ 0.47 per share for the quarter ended June 30 , 2020 .