Vici Properties， the real estate investment trust， has reported results for the third quarter ending September 30 2023.

In this quarter， Vici Properties reported total revenue of $904.3m， representing a 20% year-over-year increase. Net income attributable to common stockholders surged 68% from $330.9m to $556.3m year-on-year.

Additionally， AFFO attributable to common stockholders showed growth， up 16% to $547.6m， with a per-share increase of 11% year-over-year to $0.54.

Edward Pitoniak， CEO of Vici Properties， emphasised the company's commitment to accretive growth and capital deployment through acquisitions and strategic financing. He highlighted the addition of Rocky Gap Casino Resort， the expansion of the Canyon Ranch partnership and the recent foray into the family entertainment sector through the acquisition of 38 bowling entertainment centres from Bowlero Corp.

In an effort to diversify its position in the market， the company's acquisition of Century Casinos' four gaming properties in Alberta，slots Canada， reflects its expansion into the Canadian market.

Vici Properties declared a quarterly cash dividend of $0.415 per share， representing a 6% year-over-year increase. With $510.9m in cash and cash equivalents and $807.2m in estimated available forward sale equity proceeds.

Furthermore， Vici Properties has been on a growth trajectory， evident in its past financial reports. In 2021， the company generated $1.5bn in total revenue， marking growth of 23%. This followed the acquisition of The Venetian Resort's land and real estate assets， strategic partnerships with Blackstone Real Estate and Apollo Global Management and access to the equity capital markets.

The company's Q4 2022 results also showed growth， with revenue up 101% year-on-year. The results were accredited to the acquisition of the remaining 50% in the MGM Grand/Mandalay Bay joint venture and partnerships with Canyon Ranch， Century Casinos and Hard Rock.

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