VICI Properties’ investments continued to pay off as its shares and net income increased. According to its recent financial report, the firm achieved record end-of-year results. As a result, its shareholders are happy with the company’s rising value and sustainable growth.
Its fourth quarter revenues increased 100.9 percent year-over-year to $770 million. Also, its profits during the fiscal year 2022 increased significantly. VICI earned $2.6 billion, an increase of 72.3 percent from the previous fiscal year.
According to pay per head bookie reports, VICI shareholders were impressed with the fiscal information. The company’s net income increased from $1.013 billion to $1.117 billion. However, its per share prices dropped from $1.76 to $1.27. The company attributed the drop to increased CECL allowed and the weighted average share count.
