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Revenue by Segment
Breaks down revenue across different business lines (such as casino leases, hotel operations, and retail), showing which activities drive cash flow and where growth or risk is concentrated. Helps assess diversification, reliance on gaming and tourism, and how shifts in consumer spending or travel could affect returns.Lease-related revenue—both sales-type leases and income from financing receivables—has been the engine of growth, rising sharply since mid‑2022 as VICI deployed capital into acquisitions and structured financing; management’s recent mezzanine loan activity and the pending Golden transaction underpin the momentum and the raised AFFO guide. That diversification into higher‑yielding loans and mezzanine deals boosts AFFO and supports the dividend, but it also raises leverage and refinancing/interest‑rate exposure, so upside hinges on deal closings and the timing of a Las Vegas recovery. Other and Golf remain small and stable, offering limited revenue upside.
Date | Other | Income From Sales Type Leases | Income From Lease Financing Receivables Loans & Securities | Golf |
|---|---|---|---|---|
Jun 30, 2026 | $18.91M | $549.20M | $478.39M | $11.99M |
Mar 31, 2026 | $18.90M | $536.72M | $451.95M | $10.95M |
Dec 31, 2025 | $18.88M | $534.65M | $448.77M | $10.79M |
Sep 30, 2025 | $19.55M | $531.76M | $447.99M | $8.19M |
Jun 30, 2025 | $19.54M | $530.35M | $440.26M | $11.19M |
Mar 31, 2025 | $19.51M | $528.60M | $426.48M | $9.61M |
Dec 31, 2024 | $19.47M | $524.69M | $420.74M | $11.15M |
Sep 30, 2024 | $19.32M | $518.69M | $419.12M | $7.55M |
Jun 30, 2024 | $19.32M | $512.29M | $413.74M | $11.66M |
Mar 31, 2024 | $19.31M | $512.77M | $409.30M | $10.10M |