7Baggers

VICI Properties Inc
(NYSE:VICI) 

VICI stock logo

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming...

Founded: 2017
Full Time Employees: 140
Sector: Real Estate
Industry: REIT-Diversified
REIT
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At a glance:
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Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-10-06 
                                       
      revenues
    		                     213,139,000 339,653,000 257,902,000 255,001,000 237,537,000 222,513,000 220,746,000 214,002,000 226,039,000 232,687,000 220,975,000    
      income from sales-type leases
    		536,717,000 534,650,000 531,765,000 530,348,000 528,604,000 524,691,000 518,691,000 512,289,000 512,772,000 506,217,000 500,212,000 495,355,000 478,394,000 386,293,000 376,048,000 375,169,000 326,735,000                   
      income from lease financing receivables, loans and securities
    		451,953,000 448,768,000 447,986,000 440,260,000 426,480,000 420,738,000 419,115,000 413,735,000 409,301,000 396,813,000 378,502,000 373,132,000 371,069,000                       
      other income
    		18,899,000 18,883,000 19,547,000 19,536,000 19,513,000 19,472,000 19,315,000 19,323,000 19,312,000 18,283,000 18,179,000 18,525,000 18,339,000 17,818,000 17,862,000 15,563,000 8,386,000 6,911,000 6,936,000 6,987,000 6,974,000 7,091,000 7,276,000 733,000            
      golf revenues
    		10,952,000 10,789,000 8,190,000 11,190,000 9,607,000 11,151,000 7,548,000 11,656,000 10,096,000 10,552,000 7,425,000 11,146,000 9,845,000 10,110,000 6,688,000 10,170,000 8,626,000 8,944,000 6,504,000 8,285,000 6,813,000               
      total revenues
    		1,018,521,000 1,013,090,000 1,007,488,000 1,001,334,000 984,204,000 976,052,000 964,669,000 957,003,000 951,481,000 931,865,000 904,318,000 898,158,000 877,647,000 769,906,000 751,543,000 662,623,000 416,625,000 383,154,000 375,704,000 376,400,000 374,310,000               
      yoy
    		3.49% 3.79% 4.44% 4.63% 3.44% 4.74% 6.67% 6.55% 8.41% 21.04% 20.33% 35.55% 110.66% 100.94% 100.04% 76.04% 11.30%                   
      qoq
    		0.54% 0.56% 0.61% 1.74% 0.84% 1.18% 0.80% 0.58% 2.11% 3.05% 0.69% 2.34% 13.99% 2.44% 13.42% 59.05% 8.74% 1.98% -0.18% 0.56%                
      expenses
    		                                   
      general and administrative
    		15,976,000 19,317,000 16,344,000 14,561,000 14,860,000 20,691,000 16,458,000 15,768,000 16,192,000 15,256,000 14,422,000 14,920,000 15,005,000 15,029,000 12,063,000 11,782,000 9,466,000 9,030,000 8,379,000 7,628,000 8,085,000 8,101,000 8,047,000 7,498,000 7,015,000 5,109,000 6,717,000 6,518,000 6,225,000 4,284,000 5,678,000 7,160,000 7,308,000   
      depreciation
    		967,000 963,000 937,000 741,000 996,000 992,000 1,008,000 992,000 1,133,000 1,586,000 1,011,000 887,000 814,000 811,000 816,000 779,000 776,000 771,000 771,000 757,000 792,000 741,000 910,000 1,213,000 867,000 883,000 1,000,000 1,018,000 930,000 929,000 929,000 922,000 906,000   
      other expenses
    		18,899,000 18,883,000 19,547,000 19,536,000 19,513,000 19,472,000 19,315,000 19,323,000 19,312,000 18,283,000 18,179,000 18,525,000 18,339,000 17,818,000 17,862,000 15,563,000 8,386,000 6,911,000 6,936,000 6,987,000 6,974,000 7,091,000 7,263,000 736,000            
      golf expenses
    		6,469,000 6,994,000 6,765,000 6,619,000 6,352,000 6,747,000 6,824,000 6,813,000 6,511,000 8,215,000 6,332,000 6,590,000 5,952,000 6,272,000 5,186,000 5,859,000 5,285,000 5,881,000 5,143,000 5,232,000 4,506,000               
      change in allowance for credit losses
    		-118,775,000 153,084,000 -20,153,000 -142,001,000 186,957,000 94,428,000 -31,626,000 -43,000,000 106,918,000 -63,295,000 95,997,000 -41,355,000 111,477,000 -30,965,000 232,763,000 551,876,000 80,820,000 4,899,000 9,031,000 -29,104,000 -4,380,000 -16,563,000 177,052,000 -65,480,000 149,508,000           
      transaction and acquisition expenses
    		167,000 241,000 9,000 7,434,000 45,000 2,839,000 1,164,000 259,000 305,000 4,632,000 3,566,000 777,000 -958,000 3,287,000 1,947,000 16,664,000 755,000 713,000 177,000 791,000 8,721,000 981,000 2,026,000 1,160,000 4,517,000 249,000 993,000 2,867,000 889,000       
      total expenses
    		-76,297,000                                   
      interest expense
    		-209,362,000 -210,233,000 -210,333,000 -213,797,000 -209,251,000 -208,121,000 -207,317,000 -205,777,000 -204,882,000 -205,175,000 -204,927,000 -203,594,000 -204,360,000 -169,329,000 -169,354,000 -133,128,000 -68,142,000 -70,437,000 -165,099,000 -79,806,000 -77,048,000 -77,420,000 -77,399,000 -77,693,000 -76,093,000 -71,448,000 -68,531,000 -54,819,000 -53,586,000 -54,298,000 -54,051,000 -51,440,000 -52,875,000   
      interest income
    		4,493,000 4,492,000 3,881,000 2,293,000 3,697,000 4,079,000 2,797,000 3,926,000 5,293,000 7,776,000 7,341,000 5,806,000 3,047,000 5,633,000 3,024,000 780,000 93,000 45,000 26,000 30,000 19,000 52,000 214,000 1,009,000 5,520,000 4,153,000 6,690,000 4,004,000 5,167,000 3,803,000 2,027,000 3,799,000 1,678,000   
      other losses
    		-21,000    -118,000                               
      income before income taxes
    		889,928,000 609,733,000 777,505,000 883,932,000 549,809,000 626,652,000 746,942,000 755,987,000 601,365,000 749,950,000 566,103,000 703,480,000 528,948,000 615,874,000 337,295,000 -57,114,000 243,088,000 284,557,000 164,572,000 304,333,000 272,583,000 290,848,000 395,850,000 231,952,000 -21,611,000 101,320,000 146,539,000 154,680,000 153,447,000 145,187,000 132,076,000 141,807,000 114,487,000   
      benefit from income taxes
    		-3,974,000    2,456,000                               
      net income
    		885,954,000 614,291,000 773,620,000 878,368,000 552,265,000 624,205,000 744,481,000 752,753,000 599,803,000 759,721,000 565,459,000 701,581,000 527,861,000 614,842,000 336,878,000 -58,141,000 242,688,000 283,798,000 164,184,000 303,077,000 272,099,000 290,412,000 396,218,000 231,643,000 -22,065,000 100,713,000 146,515,000 154,127,000 152,926,000 144,630,000 132,024,000 141,359,000 114,103,000   
      yoy
    		60.42% -1.59% 3.91% 16.69% -7.93% -17.84% 31.66% 7.29% 13.63% 23.56% 67.85% -1306.69% 117.51% 116.65% 105.18% -119.18% -10.81% -2.28% -58.56% 30.84% -1333.17% 188.36% 170.43% 50.29% -114.43% -30.37% 10.98% 9.03% 34.02%       
      qoq
    		44.22% -20.60% -11.93% 59.05% -11.53% -16.16% -1.10% 25.50% -21.05% 34.35% -19.40% 32.91% -14.15% 82.51% -679.42% -123.96% -14.49% 72.85% -45.83% 11.38% -6.31% -26.70% 71.05% -1149.82% -121.91% -31.26% -4.94% 0.79% 5.74% 9.55% -6.60% 23.89%    
      net income margin %
    		86.98% 60.64% 76.79% 87.72% 56.11% 63.95% 77.17% 78.66% 63.04% 81.53% 62.53% 78.11% 60.15% 79.86% 44.82% -8.77% 58.25% 74.07% 43.70% 80.52% 72.69% Infinity% Infinity% Infinity% -Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity%   
      less: net income attributable to non-controlling interests
    		-13,564,000 -9,524,000 -11,580,000 -13,289,000 -8,658,000 -9,611,000 -11,583,000 -11,451,000 -9,787,000 -11,952,000 -9,130,000  -9,121,000 -10,789,000 -5,973,000             -2,078,000 -2,077,000 -2,089,000 -2,112,000 -2,315,000 -1,981,000   
      net income attributable to common stockholders
    		872,390,000 604,767,000 762,040,000 865,079,000 543,607,000 614,594,000 732,898,000 741,302,000 590,016,000 747,769,000 556,329,000 690,702,000 518,740,000 604,053,000 330,905,000 -57,706,000 240,383,000 281,479,000 161,862,000 300,709,000 269,801,000 288,010,000 398,274,000 229,402,000 -24,012,000 98,631,000 144,435,000 152,049,000 150,849,000 142,541,000 129,912,000 139,044,000    
      net income per common share
    		                                   
      basic
    		820 560 710 820 510 580 700 710 570 730 550 690 520 660 340 -60 350 450 290 560 500 540 750 470 -50 200 310 370 370 370 350 380    
      diluted
    		820 560 710 820 510 580 700 710 570 720 550 690 520 670 340 -60 350 450 280 540 500 540 740 470 -50 200 310 370 370 370 350 380    
      weighted-average number of shares of common stock outstanding
    		                                   
      basic
    		1,068,399,427,000 1,062,006,448,000 1,067,253,644,000 1,056,222,836,000 1,056,012,414,000 1,046,739,537,000 1,046,626,838,000 1,042,650,713,000 1,042,404,634,000 1,014,513,195,000 1,012,986,784,000 1,006,893,810,000 1,001,526,645,000 877,508,388,000 962,573,646,000 896,545,880,000 684,341,045,000 564,467,362,000 555,153,692,000 536,692,167,000 536,480,505,000 506,140,642,000 533,407,916,000 489,012,165,000 465,177,425,000 435,071,096,000 460,666,295,000 412,309,577,000 405,733,656,000 367,226,395,000 369,935,055,000 369,932,843,000 342,900,842,000   
      diluted
    		1,068,527,584,000 1,062,693,062,000 1,068,369,218,000 1,057,270,580,000 1,056,432,790,000 1,047,675,111,000 1,048,338,348,000 1,042,959,627,000 1,043,311,636,000 1,015,776,697,000 1,013,589,640,000 1,007,968,422,000 1,003,831,325,000 879,675,845,000 964,134,340,000 896,545,880,000 687,914,683,000 577,066,292,000 571,894,545,000 554,438,981,000 544,801,802,000 510,908,755,000 536,180,175,000 489,213,427,000 465,177,425,000 439,152,946,000 465,771,668,000 412,821,400,000 406,035,025,000 367,316,901,000 370,127,185,000 369,991,738,000 343,056,532,000   
      other comprehensive income
    		                                   
      reclassification of derivative gain to interest expense
    		-6,389,000 -6,389,000 -6,389,000 -6,386,000 -6,345,000 -4,632,500 -6,100,000 -6,384,000 -6,046,000 -4,527,750 -6,037,000 -6,037,000 -6,037,000   -4,159,000                    
      unrealized gain on cash flow hedges
    		6,690,000    -5,949,000 17,205,000 -2,714,000  12,482,000 -29,944,000 20,109,000 7,573,000 -7,393,000   91,939,000 108,611,000 884,000 6,576,000 9,328,000 12,378,000 -9,795,000 13,007,000 951,000  -13,748,000 -7,113,000   1,366,250 10,105,000     
      foreign currency translation adjustments
    		-2,505,000 2,175,000 -4,652,000 10,091,000 35,000 -8,203,000 2,258,000 -2,173,000 -3,644,000 3,232,000 -1,348,000 1,732,000 -1,664,000                       
      comprehensive income
    		883,750,000 610,077,000 762,579,000 882,073,000 540,006,000 627,075,000 737,925,000 744,196,000 602,595,000 726,972,000 578,183,000 704,849,000 512,767,000 608,805,000 330,841,000 29,639,000                    
      comprehensive income attributable to non-controlling interests
    		-13,539,000 -9,477,000 -11,448,000 -13,339,000 -8,521,000 -9,612,000 -11,533,000 -11,323,000 -9,809,000                           
      comprehensive income attributable to common stockholders
    		870,211,000 600,600,000 751,131,000 868,734,000 531,485,000 617,463,000 726,392,000 732,873,000 592,786,000 715,398,000 568,900,000 693,931,000 503,828,000 598,092,000 324,944,000 30,126,000 348,994,000 282,363,000 232,677,000 310,037,000 282,179,000 299,747,000 411,281,000 230,353,000 -77,150,000 110,669,000 137,322,000 121,361,000 133,658,000 114,952,000 140,017,000 134,404,000    
      operating expenses
    		                                   
      total operating expenses
    		 39,765,500 23,449,000 -93,110,000 228,723,000 145,169,000 13,143,000 155,000 150,371,000 -15,323,000 139,507,000 344,000 150,629,000 12,252,000 270,637,000 602,523,000 105,488,000 28,205,000 30,437,000 -7,709,000 24,698,000 4,802,000 199,970,000 -50,734,000 166,980,000 10,779,000 14,133,000 15,251,000 12,136,000 30,357,000 48,587,000 31,527,000 29,552,000   
      other gains
    		 1,866,000 -82,000 992,000  -189,000 -64,000 990,000 -156,000 161,000 -1,122,000 3,454,000 1,963,000                       
      provision for income taxes
    		 -1,748,250 -3,885,000 -5,564,000  -1,814,250 -2,461,000 -3,234,000 -1,562,000                           
      income from unconsolidated affiliate
    		            1,280,000 21,916,000 22,719,000 15,134,000                    
      income tax expense
    		         -907,500 -644,000 -1,899,000 -1,087,000 -1,032,000 -417,000 -1,027,000 -400,000   -1,256,000 -484,000   -309,000 -454,000 -274,500 -24,000 -553,000 -521,000 -221,000 -52,000 -448,000 -384,000   
      comprehensive income attributable to non-controlling interest
    		         -7,285,000 -9,283,000  -8,939,000 -1,928,750 -5,897,000                     
      less: net loss attributable to non-controlling interests
    		           -10,879,000    435,000                    
      comprehensive loss attributable to non-controlling interest
    		           -10,918,000    487,000                    
      income from lease financing receivables and loans
    		             355,685,000 350,945,000 261,721,000 72,878,000 72,664,000 70,205,000 69,996,000 70,377,000 70,321,000 52,827,000 17,026,000 12,843,000           
      loss from extinguishment of debt
    		                  -15,622,000      -39,059,000        -23,040,000   
      reclassification of derivative loss to interest expense
    		             -6,037,000 -6,037,000                     
      less: net income attributable to non-controlling interest
    		                -2,305,000   -2,368,000 -2,298,000   -2,241,000 -1,947,000 -1,558,750 -2,080,000         
      income from sales-type and direct financing leases
    		                 294,635,000 292,059,000 291,132,000 290,146,000 289,087,000 270,274,000             
      income from operating leases
    		                      3,638,000 10,913,000 10,913,000 10,913,000 10,913,000 10,914,000 10,913,000 11,345,000 12,209,000 12,209,000    
      gain upon lease modification
    		                      333,352,000             
      income tax benefit
    		                 -532,000 -388,000   -98,750 368,000             
      less: net loss attributable to non-controlling interest
    		                 -1,747,000 -2,322,000   -533,000 2,056,000             
      reclassification of realized loss on cash flow hedges to net income
    		                  64,239,000                 
      golf operations
    		                     4,318,250 5,638,000 5,335,000 6,300,000 7,719,000 5,599,000 8,283,000 7,339,000 7,505,000 5,393,000 7,515,000    
      operating income
    		                     134,085,000 139,683,000 308,636,000 88,021,000 226,758,000 208,380,000 205,495,000 201,866,000 195,682,000 184,100,000 189,448,000 188,724,000   
      yoy
    		                     -40.87% -32.97% 50.19% -56.40% 15.88% 13.19% 8.47% 6.96%       
      qoq
    		                     -4.01% -54.74% 250.64% -61.18% 8.82% 1.40% 1.80% 3.16% 6.29% -2.82% 0.38%    
      operating margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity%   
      income from direct financing and sales-type leases
    		                       223,895,000 224,252,000 218,905,000 206,001,000 201,549,000 195,750,000       
      tenant reimbursements and other income
    		                        693,000           
      tenant reimbursements and other expenses
    		                        703,000           
      unrealized loss on cash flow hedges
    		                        -53,138,000   -30,688,000 -17,191,000   -4,640,000    
      tenant reimbursement of property taxes
    		                             19,918,000 25,147,000 18,932,000 17,243,000   
      property taxes
    		                             20,212,000 25,423,000 18,932,000 17,243,000   
      loss on impairment
    		                              12,334,000     
      weighted-average number of common shares outstanding
    		                                   
      basic
    		1,068,399,427,000 1,062,006,448,000 1,067,253,644,000 1,056,222,836,000 1,056,012,414,000 1,046,739,537,000 1,046,626,838,000 1,042,650,713,000 1,042,404,634,000 1,014,513,195,000 1,012,986,784,000 1,006,893,810,000 1,001,526,645,000 877,508,388,000 962,573,646,000 896,545,880,000 684,341,045,000 564,467,362,000 555,153,692,000 536,692,167,000 536,480,505,000 506,140,642,000 533,407,916,000 489,012,165,000 465,177,425,000 435,071,096,000 460,666,295,000 412,309,577,000 405,733,656,000 367,226,395,000 369,935,055,000 369,932,843,000 342,900,842,000   
      diluted
    		1,068,527,584,000 1,062,693,062,000 1,068,369,218,000 1,057,270,580,000 1,056,432,790,000 1,047,675,111,000 1,048,338,348,000 1,042,959,627,000 1,043,311,636,000 1,015,776,697,000 1,013,589,640,000 1,007,968,422,000 1,003,831,325,000 879,675,845,000 964,134,340,000 896,545,880,000 687,914,683,000 577,066,292,000 571,894,545,000 554,438,981,000 544,801,802,000 510,908,755,000 536,180,175,000 489,213,427,000 465,177,425,000 439,152,946,000 465,771,668,000 412,821,400,000 406,035,025,000 367,316,901,000 370,127,185,000 369,991,738,000 343,056,532,000   
      dividends declared per common share
    		                            287.5 177.5 287.5 262.5 0.16   
      income from direct financing leases
    		                             187,271,000 189,938,000 182,319,000    
      earned income from direct financing leases
    		                                182,036,000   
      rental income from operating leases
    		                                12,209,000   
      golf-related
    		                                6,788,000   
      net revenues
    		                                218,276,000   
      net income attributable to common shareholders
    		                                112,122,000   
      common per share data
    		                                   
      basic earnings per common share
    		                                0.33   
      diluted earnings per common share
    		                                0.33   
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 
                                        
        assets
      		                                  
        real estate portfolio:
      		                                  
        investments in leases - sales-type
      		23,706,563,000 23,763,616,000 23,686,926,000 23,506,674,000 23,581,101,000 23,429,732,000 23,189,566,000 22,985,837,000 23,015,931,000 22,889,984,000 22,655,164,000 22,579,820,000 17,172,325,000 17,011,585,000 17,075,857,000 17,113,699,000 13,136,664,000 13,124,209,000 13,098,853,000 13,054,135,000               
        investments in leases - financing receivables
      		18,697,133,000 18,640,073,000 18,577,584,000 18,455,017,000 18,430,320,000 18,410,105,000 18,337,881,000 18,266,712,000 18,211,102,000 17,337,665,000 17,144,528,000 17,051,187,000 16,740,770,000 16,441,616,000 16,486,522,000 2,650,633,000 2,644,824,000 2,640,399,000 2,643,648,000 2,628,422,000 2,618,562,000 2,600,228,000 812,636,000 794,055,000           
        investments in loans and securities
      		2,525,457,000 2,432,999,000 2,369,049,000 2,036,533,000 1,651,533,000 1,550,680,000 1,461,198,000 1,224,987,000 1,144,177,000 973,217,000 627,259,000 886,524,000                       
        land
      		148,002,000 149,717,000 149,787,000 150,727,000 150,727,000 150,727,000 150,727,000 150,727,000 150,727,000 150,727,000 150,727,000 153,560,000 153,560,000 153,560,000 153,576,000 153,576,000 153,576,000 153,576,000 157,365,000 158,046,000 158,190,000 158,190,000 94,711,000 94,711,000 94,711,000 94,711,000 94,711,000 94,711,000 95,789,000 95,789,000 73,600,000 73,600,000 73,600,000  
        cash and cash equivalents
      		563,479,000 507,503,000 232,983,000 334,317,000 524,615,000 355,667,000 347,160,000 485,318,000 522,574,000 510,884,000 738,793,000 247,673,000 208,933,000 518,383,000 614,001,000 568,702,000 739,614,000 669,514,000 407,522,000 322,530,000 315,993,000 144,057,000 1,680,536,000 369,052,000 1,101,893,000 431,423,000 1,205,335,000 598,276,000 577,883,000 145,223,000 940,740,000 918,215,000 183,646,000  
        short-term investments
      		44,484,000       29,579,000     217,342,000 207,722,000       19,973,000 19,973,000   59,474,000 342,767,000 97,586,000 356,878,000 520,877,000 320,676,000 39,906,000    
        other assets
      		1,039,050,000 1,041,932,000 1,037,694,000 1,042,796,000 1,030,644,000 1,021,195,000 1,024,718,000 1,014,713,000 1,015,330,000 969,672,000 934,139,000 934,049,000 936,328,000 932,081,000 949,333,000 741,583,000 424,693,000 437,209,000 406,898,000 406,617,000 386,530,000 385,703,000 180,561,000 181,507,000 188,638,000 137,920,000 112,508,000 29,863,000 44,037,000 43,220,000 18,467,000 14,920,000 15,363,000  
        total assets
      		46,724,168,000 46,535,840,000 46,054,023,000 45,526,064,000 45,368,940,000 44,918,106,000 44,511,250,000 44,157,873,000 44,059,841,000 42,832,149,000 42,250,610,000 41,852,813,000 37,575,826,000 37,307,982,000 37,289,217,000 21,741,321,000 17,597,373,000 17,548,804,000 17,219,548,000 17,085,001,000 17,063,613,000 16,851,830,000 16,277,634,000 14,907,213,000 13,265,619,000 12,581,466,000 12,522,046,000 11,448,671,000 11,333,368,000 10,568,501,000 10,564,703,000 10,486,239,000 9,739,712,000 89,250,000 
        liabilities
      		                                  
        debt
      		16,773,241,000 16,762,660,000 16,922,273,000 16,847,001,000 16,732,889,000 16,743,584,000 16,727,361,000 16,711,739,000 16,724,125,000 16,692,728,000 16,624,197,000 16,606,240,000 13,739,675,000 13,730,503,000 13,721,500,000 5,297,014,000 4,694,523,000 4,692,032,000 6,772,903,000 6,769,211,000 6,765,532,000 6,761,832,000 6,758,132,000 6,754,485,000 4,791,563,000 4,125,473,000 4,124,448,000 4,123,350,000 4,122,264,000 4,121,153,000 4,120,141,000 4,119,263,000 4,785,756,000  
        accrued expenses and deferred revenue
      		238,715,000 182,651,000 219,814,000 191,548,000 217,956,000 194,201,000 215,689,000 186,556,000 227,241,000 222,430,000 210,534,000 221,283,000 213,388,000 202,888,000 173,734,000 99,062,000 113,530,000                  
        dividends and distributions payable
      		486,259,000 486,258,000 462,113,000 462,092,000 461,954,000 457,977,000 437,785,000 437,766,000 437,599,000 426,861,000 397,480,000 396,212,000 380,178,000 380,174,000                     
        other liabilities
      		1,003,366,000 1,006,993,000 1,005,711,000 1,002,758,000 1,004,340,000 999,272,000 1,004,102,000 1,003,254,000 1,013,102,000 954,448,000 933,824,000 954,543,000 952,472,000 932,120,000 932,570,000 592,183,000 375,837,000 382,547,000 414,597,000 417,841,000 413,663,000 422,462,000 163,646,000 164,155,000 123,918,000 147,081,000 105,164,000 62,720,000 62,406,000 31,742,000 10,979,000    
        total liabilities
      		18,501,581,000 18,438,562,000 18,609,911,000 18,503,399,000 18,417,139,000 18,395,034,000 18,384,937,000 18,339,315,000 18,402,067,000 18,296,467,000 18,166,035,000 18,178,278,000 15,285,713,000 15,245,685,000 15,174,330,000 6,257,535,000 5,410,199,000 5,420,018,000 7,484,479,000 7,485,309,000 7,569,868,000 7,482,291,000 7,203,223,000 7,183,182,000 5,216,630,000 4,507,397,000 4,449,623,000 4,402,783,000 4,432,346,000 4,361,228,000 4,391,760,000 4,351,339,000 4,963,348,000 6,255,000 
        commitments and contingent liabilities
      		                                  
        stockholders’ equity
      		                                  
        common stock, 0.01 par value...
      		10,688,000 10,688,000 10,567,000 10,567,000 10,564,000 10,472,000 10,432,000 10,431,000 10,427,000 10,168,000 10,074,000 10,042,000 9,631,000 9,631,000 9,631,000 7,484,000 6,289,000 6,289,000 5,370,000 5,370,000 5,367,000 5,367,000 5,337,000 4,686,000 4,610,000 4,610,000 4,610,000 4,110,000 4,047,000 3,702,000 3,701,000 3,701,000 3,003,000  
        preferred stock, 0.01 par value...
      		                                  
        additional paid-in capital
      		24,898,868,000 24,894,452,000 24,515,601,000 24,512,026,000 24,515,417,000 24,247,840,000 24,128,989,000 24,124,875,000 24,125,872,000 23,316,140,000 23,014,913,000 22,910,509,000 21,645,499,000 21,641,945,000 21,644,198,000 14,971,890,000 11,755,069,000 11,752,852,000 9,366,561,000 9,364,294,000 9,363,539,000 9,361,526,000 9,296,511,000 8,018,568,000 7,817,582,000 7,816,233,000 7,814,829,000 6,777,683,000 6,648,430,000 5,953,726,000 5,953,104,000    
        accumulated other comprehensive income
      		121,031,000 125,198,000 136,107,000 132,452,000 144,574,000 141,705,000 148,211,000 156,640,000 153,870,000 186,241,000 173,670,000 170,441,000 185,353,000 191,314,000 197,275,000 109,495,000 884,000           -39,315,000  5,465,000 -4,640,000    
        retained earnings
      		2,767,053,000 2,643,251,000 2,362,176,000 1,954,124,000 1,867,400,000 1,711,277,000 1,431,264,000 1,122,878,000 965,762,000 652,402,000 518,059,000 220,254,000 93,154,000   315,809,000 346,026,000 290,966,000 355,524,000 232,038,000 139,454,000 29,338,000   208,069,000 246,587,000 239,301,000 219,791,000 187,096,000 160,915,000 137,444,000 95,563,000 42,662,000 52,000 
        total vici stockholders’ equity
      		27,797,640,000 27,673,589,000 27,024,451,000 26,609,169,000 26,537,955,000 26,111,294,000 25,718,896,000 25,414,824,000 25,255,931,000 24,164,951,000 23,716,716,000 23,311,246,000 21,933,637,000 21,709,579,000 21,762,494,000 15,404,678,000 12,108,268,000 12,050,107,000 9,656,640,000 9,521,559,000 9,415,839,000 9,291,973,000 8,992,748,000 7,642,568,000 7,965,183,000 7,990,314,000 7,988,737,000 6,962,269,000 6,817,449,000 6,123,808,000 6,089,609,000    
        non-controlling interests
      		424,947,000 423,689,000 419,661,000 413,496,000 413,846,000 411,778,000 407,417,000 403,734,000 401,843,000 370,731,000 367,859,000 363,289,000 356,476,000 352,718,000 352,393,000          83,806,000  83,686,000 83,619,000 83,573,000 83,465,000 83,334,000 83,000,000 84,875,000  
        total stockholders’ equity
      		28,222,587,000 28,097,278,000 27,444,112,000 27,022,665,000 26,951,801,000 26,523,072,000 26,126,313,000 25,818,558,000 25,657,774,000 24,535,682,000 24,084,575,000 23,674,535,000 22,290,113,000 22,062,297,000 22,114,887,000 15,483,786,000 12,187,174,000 12,128,786,000 9,735,069,000 9,599,692,000 9,493,745,000 9,369,539,000 9,074,411,000 7,724,031,000 8,048,989,000 8,074,069,000 8,072,423,000 7,045,888,000 6,901,022,000 6,207,273,000 6,172,943,000    
        total liabilities and stockholders’ equity
      		46,724,168,000 46,535,840,000 46,054,023,000 45,526,064,000 45,368,940,000 44,918,106,000 44,511,250,000 44,157,873,000 44,059,841,000 42,832,149,000 42,250,610,000 41,852,813,000 37,575,826,000 37,307,982,000 37,289,217,000 21,741,321,000 17,597,373,000 17,548,804,000 17,219,548,000 17,085,001,000 17,063,613,000 16,851,830,000 16,277,634,000 14,907,213,000 13,265,619,000 12,581,466,000 12,522,046,000 11,448,671,000 11,333,368,000 10,568,501,000 10,564,703,000    
        investment in unconsolidated affiliate
      		            1,460,775,000 1,463,230,000 1,464,766,000                    
        investments in loans
      		            685,793,000 579,805,000 545,162,000 513,128,000 498,002,000 523,897,000 505,262,000 515,251,000 536,721,000 533,713,000 49,876,000 48,470,000           
        commitments and contingencies
      		                                  
        retained (deficit) earnings
      		             -133,311,000 -88,610,000        -191,835,000 -262,470,000           
        dividends payable
      		              346,526,000 269,276,000 226,309,000 226,300,000 177,114,000 177,089,000 176,992,000 176,982,000 158,659,000 139,304,000 137,056,000 137,048,000 132,441,000 118,056,000 116,287,000 106,356,000 97,107,000 59,221,000   
        non-controlling interest
      		               79,108,000 78,906,000 78,679,000 78,429,000 78,133,000 77,906,000 77,566,000 81,663,000 81,463,000  83,755,000         
        accrued interest
      		                 45,078,000 45,913,000 47,075,000 46,422,000 47,106,000 48,828,000 51,162,000 20,153,000 23,945,000 13,965,000 24,702,000 14,184,000 23,672,000 14,254,000 25,387,000 21,595,000  
        deferred financing liability
      		                 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000 73,600,000  
        deferred revenue
      		                 461,000 352,000 493,000 93,659,000 309,000 358,000 476,000 70,340,000 250,000 5,000 355,000 43,605,000 701,000 71,961,000 60,929,000 68,117,000  
        accumulated other comprehensive loss
      		                  -70,815,000 -80,143,000 -92,521,000 -104,258,000 -117,265,000 -118,216,000 -65,078,000 -77,116,000 -70,003,000  -22,124,000      
        investments in leases - sales-type and direct financing
      		                    13,027,644,000 13,009,966,000             
        investments in leases - operating
      		                      1,086,658,000 1,086,658,000           
        investments in leases - direct financing and sales-type
      		                      10,372,656,000 10,330,728,000           
        restricted cash
      		                      2,000,000,000 2,002,032,000  32,087,000 28,217,000 24,366,000 20,564,000 58,000 13,808,000 13,808,000 13,760,000  
        investments in direct financing and sales-type leases
      		                        10,734,245,000 10,455,900,000 9,897,031,000 9,186,144,000       
        investments in operating leases
      		                        1,086,658,000 1,086,658,000 1,086,658,000 1,086,658,000 1,086,658,000 1,075,691,000 1,110,400,000    
        property and equipment used in operations
      		                           71,775,000 71,513,000 72,287,000 73,029,000 73,739,000 74,300,000  
        investments in direct financing leases
      		                            8,916,047,000 8,815,557,000 8,294,753,000    
        deferred income taxes
      		                             4,004,000 3,718,000 3,718,000 3,718,000 5,043,000 
        investment in direct financing leases
      		                               8,281,557,000 8,268,643,000  
        real estate investments:
      		                                  
        accounted for using the operating method
      		                               1,110,400,000 1,110,400,000  
        accounts payable and accrued expenses
      		                               9,221,000 10,562,000  
        shareholders’ equity
      		                                  
        additional paid in capital
      		                               5,952,636,000 4,645,824,000  
        total vici shareholders’ equity
      		                               6,051,900,000 4,691,489,000  
        total shareholders’ equity
      		                               6,134,900,000 4,776,364,000  
        total liabilities and shareholders’ equity
      		                               10,486,239,000 9,739,712,000  
        current assets
      		                                  
        cash
      		                                 84,000 
        receivables
      		                                 206,000 
        inventories
      		                                 528,000 
        prepayments
      		                                 85,000 
        total current assets
      		                                 903,000 
        property and equipment
      		                                 88,347,000 
        liabilities and equity
      		                                  
        current liabilities
      		                                  
        accounts payable
      		                                 194,000 
        accrued expense
      		                                 769,000 
        current portion of long-term debt
      		                                  
        total current liabilities
      		                                 963,000 
        liabilities subject to compromise
      		                                 249,000 
        equity
      		                                  
        net investment
      		                                 82,943,000 
        total equity
      		                                 82,995,000 
        total liabilities and equity
      		                                 89,250,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-10-06 
                                         
          cash flows from operating activities
        		                                 
          net income
        		614,291,000 773,620,000 878,368,000 552,265,000 624,205,000 744,481,000 752,753,000 599,803,000 759,721,000 565,459,000 701,581,000 527,861,000 614,842,000 336,878,000 -58,141,000 242,688,000 283,798,000 164,184,000 303,077,000 272,099,000 290,412,000 396,218,000 231,643,000 -22,065,000 100,713,000 146,515,000 154,127,000 152,926,000 144,630,000 132,024,000 141,360,000 114,103,000  
          adjustments to reconcile net income to cash flows from operating activities:
        		                                 
          non-cash leasing and financing adjustments
        		-130,844,000 -131,105,000 -129,924,000 -132,047,000 -134,869,000 -135,890,000 -131,283,000 -135,666,000 -131,800,000 -131,344,000 -129,510,000 -122,834,000 -107,109,000 -108,553,000 -86,405,000 -35,564,000 -30,255,000 -31,425,000 -30,155,000 -28,134,000 -28,442,000 -19,548,000 3,302,000 2,924,000          
          stock-based compensation
        		4,437,000 4,415,000 4,439,000 2,904,000 4,538,000 4,601,000 4,579,000 3,793,000 4,019,000 4,019,000 4,031,000 3,467,000 3,627,000 3,493,000 3,236,000 2,630,000 2,304,000 2,395,000 2,395,000 2,277,000 2,013,000 2,014,000 2,011,000 1,350,000 1,402,000 1,404,000 1,366,000 1,051,000 860,000     
          depreciation
        		963,000 937,000 741,000 996,000 992,000 1,008,000 992,000 1,133,000 1,586,000 1,011,000 887,000 814,000 811,000 816,000 779,000 776,000 771,000 771,000 757,000 792,000 741,000 910,000 1,213,000 867,000 883,000 1,000,000 1,018,000 930,000 929,000 929,000 922,000 906,000 -1,651,000 
          other gains
        		-1,866,000 82,000   189,000 64,000                            
          amortization of debt issuance costs and original issue discount
        		11,040,000 11,007,000 12,428,000 12,356,000 12,493,000 12,580,000 11,195,000 10,400,000 10,708,000 11,186,000 10,588,000 13,641,000 4,264,000 4,290,000 7,832,000 15,977,000 20,729,000 34,098,000 9,934,000 6,691,000 4,368,000 4,368,000 4,837,000 6,299,000 14,854,000 14,816,000 1,899,000 1,465,000 1,499,000 1,495,000 1,488,000 1,494,000  
          change in allowance for credit losses
        		153,084,000 -20,153,000 -142,001,000 186,957,000 94,428,000 -31,626,000 -43,000,000 106,918,000 -63,295,000 95,997,000 -41,355,000 111,477,000 -30,965,000 232,763,000 551,876,000 80,820,000 4,899,000 9,031,000 -29,104,000 -4,380,000 -16,563,000 177,052,000 -65,480,000 149,508,000          
          deferred income taxes
        		-4,591,000 2,776,000 4,048,000 -3,976,000 1,205,000 1,945,000 1,854,000 435,000                          
          payment-in-kind interest
        		-13,716,000 -13,084,000                                
          net proceeds from settlement of derivatives
        		0 0 0 1,767,000 6,775,000 0 0 2,827,000     1,000 0                    
          income from unconsolidated affiliate
        		        0 0 0 -1,280,000 -21,916,000 -22,719,000                    
          distributions from unconsolidated affiliate
        		        0 0 0 3,273,000 24,371,000 24,255,000                    
          change in operating assets and liabilities:
        		                                 
          other assets
        		8,160,000 -2,354,000 419,000 -6,666,000 9,338,000 14,095,000 -14,979,000 -5,026,000 4,990,000 -2,114,000 868,000 1,380,000 -1,621,000 1,235,000 -3,230,000 -2,057,000 -1,864,000 10,369,000 -6,136,000 -1,539,000 -3,906,000 245,000 -515,000 1,111,000 317,000 972,000 -3,709,000 -3,215,000 -3,336,000 -15,930,000 -3,879,000 200,000  
          accrued expenses and deferred revenue
        		52,247,000 -41,871,000 25,508,000 -22,898,000 26,130,000 -28,903,000 28,840,000 -39,510,000 2,585,000 10,016,000 -11,964,000 -12,282,000 1,585,000 31,909,000 25,937,000 -7,170,000                  
          other liabilities
        		-1,261,000 2,019,000 -2,388,000 83,000 -1,327,000 -3,303,000 4,649,000 -1,524,000 -1,435,000 -3,246,000 -1,294,000 -1,521,000 29,000 -24,000 -220,000 73,000 -1,371,000 -3,865,000 5,279,000 433,000 2,830,000 -5,112,000 6,492,000 -2,752,000 -184,000 -3,169,000 5,963,000 -2,271,000 4,200,000 25,230,000    
          net cash from operating activities
        		691,944,000 586,289,000 639,899,000 591,859,000 644,097,000 579,052,000 614,610,000 543,739,000 576,492,000 552,106,000 530,378,000 522,033,000 487,919,000 504,343,000 652,961,000 298,173,000 285,426,000 200,454,000 254,744,000 155,726,000 344,119,000 221,024,000 181,051,000 137,446,000 244,960,000 174,257,000 147,300,000 115,642,000 175,565,000 81,854,000 124,180,000 122,483,000  
          capital expenditures
        		-302,000 -205,000 -672,000 -156,000 -1,084,000 -1,366,000 -2,666,000 -2,410,000 -2,141,000 -577,000 -329,000 -988,000 -718,000 -472,000 -232,000 -454,000 -852,000 -130,000 -276,000 -1,247,000 -241,000 -340,000 -858,000 -1,329,000 -295,000 -948,000 -290,000 -1,191,000 -155,000 -187,000 -212,000 -345,000  
          free cash flows
        		691,642,000 586,084,000 639,227,000 591,703,000 643,013,000 577,686,000 611,944,000 541,329,000 574,351,000 551,529,000 530,049,000 521,045,000 487,201,000 503,871,000 652,729,000 297,719,000 284,574,000 200,324,000 254,468,000 154,479,000 343,878,000 220,684,000 180,193,000 136,117,000 244,665,000 173,309,000 147,010,000 114,451,000 175,410,000 81,667,000 123,968,000 122,138,000  
          cash flows from investing activities
        		                                 
          investments in leases - sales-type
        		    -150,000,000 -151,900,000 -104,000,000 -5,900,000 -9,924,000 -216,215,000 -8,900,000 -6,100,000 -5,006,000 -17,000 -732,000 -4,012,096,000                  
          investments in leases - financing receivables
        		    0 0 0 -248,000 -766,169,000 -162,555,000 -589,000 -202,683,000     0 0 0 -6,000,000 -12,060,000 -1,835,284,000 -124,000 -847,035,000          
          investments in loans and securities
        		-100,886,000 -62,416,000 -338,592,000 -385,352,000 -105,330,000 -86,440,000 -315,606,000 -71,681,000 -257,023,000 -354,658,000 -138,152,000 -209,302,000                      
          principal repayments of loans and securities and receipts of deferred fees
        		7,193,000 12,782,000                                
          net cash paid in connection with the mgm grand/mandalay bay jv interest acquisition
        		        0 0 0 -1,266,905,000                      
          capitalized transaction costs
        		-4,367,000 -248,000 46,000 -123,000 -3,772,000 -2,016,000 367,000 -442,000 -709,000 -218,000 -321,000 -220,000 -903,000 294,000 -6,959,000 -136,000 -11,482,000 -7,331,000 -1,285,000 -599,000 571,000 249,000 -394,000 -690,000 -6,694,000 -899,000 -620,000 -485,000      
          investments in short-term investments
        		    0 0 0 -29,579,000     -98,810,000        0    0 -342,767,000 -72,803,000 -24,783,000 -520,877,000     
          maturities of short-term investments
        		    0 0   0 0 0 217,342,000     0 0 0 19,973,000 0 0 0 59,474,000 283,293,000 97,586,000 332,095,000 188,782,000 320,676,000     
          proceeds from sale of real estate
        		3,540,000 -30,000   11,000 0   0 -50,000       9,488,000    18,925,000             
          acquisition of property and equipment
        		-302,000 -205,000 -672,000 -156,000 -1,084,000 -1,366,000 -2,666,000 -2,410,000 -2,141,000 -577,000 -329,000 -988,000 -718,000 -472,000 -232,000 -454,000 -852,000 -130,000 -276,000 -1,247,000 -241,000 -340,000 -858,000 -1,329,000 -295,000 -948,000 -290,000 -1,191,000      
          net cash from investing activities
        		-139,306,000 -50,117,000 -329,762,000 -385,581,000 -260,175,000 -241,572,000 -311,874,000 -109,160,000 -954,210,000 -734,123,000 258,094,000 -1,468,856,000 -414,916,000 -246,742,000 -4,614,111,000 -4,028,245,000 21,593,000 -22,249,000 9,696,000 32,409,000 7,590,000 -3,715,918,000 -852,000 -839,579,000 -5,522,000 -806,843,000 -447,854,000 -101,160,000 -308,406,000 -792,008,000 -40,118,000 -345,000  
          cash flows from financing activities
        		                                 
          proceeds from offering of common stock
        		-1,000    263,575,000    807,688,000 298,680,000 101,467,000 1,272,270,000 0 0 -22,000 3,219,123,000 -350,000    0 63,031,000 1,276,840,000 199,877,000 -53,000 -648,000 1,036,923,000 128,085,000      
          proceeds from revolving credit facility
        		0 2,668,000 175,000,000 248,356,000     10,944,000 55,500,000 0 352,704,000 0 0 0 600,000,000                  
          repayment of revolving credit facility
        		-7,253,000 -174,999,000 -105,849,000 -151,841,000     0 0 0 -250,000,000 0 0                    
          proceeds from senior unsecured notes offerings
        		0 0                                
          redemption of senior unsecured notes
        		0 0   -750,000,000 0 0 -1,050,000,000                          
          debt issuance costs
        		-80,000 0 -313,000 -19,088,000 -2,015,000 -249,000 -239,000 -2,800,000     -13,000 -155,000 -118,736,000 -27,285,000 -7,960,000    -5,000 -5,000 -6,109,000 -51,675,000 -48,328,000 -2,356,000   0 -114,000 -277,000 -726,000  
          repurchase of stock for tax withholding
        		0 -11,000 -44,000 -7,177,000 0 -9,000 -336,000 -4,996,000 0 -9,000 -362,000 -4,595,000 -38,000 0 -3,406,000 -2,712,000 -87,000 0 -128,000 -1,519,000 -1,000 0 -41,000 -165,000          
          distributions to non-controlling interests
        		-8,239,000 -7,989,000 -7,995,000 -7,986,000 -7,990,000 -7,770,000 -7,768,000 -7,707,000 -7,102,000 -16,894,000 -2,278,000 -2,278,000 -6,991,000 -6,546,000             -2,011,000 -2,031,000 -1,981,000 -1,981,000 -1,982,000 -3,856,000  
          dividends paid
        		-480,740,000 -456,815,000 -456,886,000 -459,026,000 -452,674,000 -432,694,000 -432,812,000 -434,811,000 -422,076,000 -382,855,000 -396,297,000 -382,612,000 -375,411,000 -346,518,000 -269,325,000 -227,863,000 -226,430,000 -177,104,000 -177,248,000 -178,008,000 -177,025,000 -158,651,000 -139,396,000 -137,133,000 -137,099,000 -132,441,000 -118,077,000 -116,341,000 -106,386,000 -97,018,000    
          net cash from financing activities
        		-496,313,000 -261,796,000 -411,650,000 -396,762,000 -214,894,000 -329,291,000 -441,155,000 -471,781,000 389,349,000 -45,578,000 -297,470,000 985,489,000 -382,453,000 -353,219,000 4,006,449,000 3,559,160,000 -236,919,000 83,787,000 -179,448,000 -181,598,000 -179,773,000 -41,585,000 1,129,253,000 1,971,324,000 398,945,000 -137,456,000 911,464,000 9,713,000 586,007,000 -99,113,000 -61,537,000 612,479,000  
          effect of exchange rate changes on cash, cash equivalents and restricted cash
        		-349,000 144,000 179,000 186,000 -80,000 318,000 261,000 -54,000 59,000 -314,000 118,000 74,000                      
          net increase in cash, cash equivalents and restricted cash
        		    168,948,000 8,507,000 -138,158,000 -37,256,000 11,690,000 -227,909,000 491,120,000 38,740,000 -309,450,000 -95,618,000 45,299,000 -170,912,000 70,100,000 261,992,000 84,992,000 6,537,000 171,936,000 -3,536,479,000 1,309,452,000 1,269,191,000   610,910,000 24,195,000      
          cash, cash equivalents and restricted cash, beginning of period
        		0 0 0 524,615,000 0 0 0 522,574,000 0 0 0 208,933,000 0 0 0 739,614,000 0 0 0 315,993,000 0 0 0 1,101,893,000 0 0 0 598,447,000 0 0 0 197,406,000  
          cash, cash equivalents and restricted cash, end of period
        		55,976,000 274,520,000 -101,334,000 334,317,000 168,948,000 8,507,000 -138,158,000 485,318,000 11,690,000 -227,909,000 491,120,000 247,673,000 -309,450,000 -95,618,000 45,299,000 568,702,000 70,100,000 261,992,000 84,992,000 322,530,000 171,936,000 -3,536,479,000 1,309,452,000 2,371,084,000 638,383,000 -770,042,000 610,910,000 622,642,000 453,166,000 -809,267,000 22,525,000 932,023,000  
          supplemental cash flow information:
        		                                 
          cash paid for interest
        		158,015,000 239,005,000 103,444,000 278,329,000 186,010,000 214,075,000 163,349,000 217,967,000 198,675,000 187,242,000 198,646,000 178,047,000 176,687,000 137,325,000   50,645,000 131,836,000 71,034,000 69,704,000 73,736,000 74,754,000 75,190,000 38,784,000 60,387,000 43,508,000 63,883,000 41,601,000 62,902,000 42,585,000 60,687,000 47,135,000  
          cash paid for income taxes
        		4,026,000 0   0 0   19,000 1,150,000   718,000 220,000   0 0   0    490,000 600,000 800,000 700,000 201,000 150,000    
          supplemental non-cash investing and financing activity:
        		                                 
          dividends and distributions declared, not paid
        		1,000 24,153,000 16,000 462,299,000 3,978,000 20,200,000 14,000 437,978,000 12,426,000 29,393,000 1,257,000 396,410,000 2,000                     
          issuance of stock-based compensation subject to repurchase for tax withholding
        		86,000 25,000 1,547,000 16,955,000                              
          accrued capitalized transaction costs
        		1,632,000 1,339,000 106,000 414,000 -4,848,000                             
          debt issuance costs payable
        		   305,000 396,000   240,000      0   -7,711,000 33,375,000 0 17,341,000     -12,857,000 23,140,000        
          non-cash change in investments in leases - financing receivables
        		71,086,000 70,208,000 70,170,000 71,525,000 71,006,000 70,435,000 70,215,000 71,750,000 70,158,000 68,731,000 68,419,000 69,621,000 68,414,000 67,663,000   5,847,000 5,242,000 5,377,000 4,673,000 4,754,000             
          obtaining right-of-use assets in exchange for lease liabilities
        		        59,131,000                         
          net decrease in cash, cash equivalents and restricted cash
        		 274,520,000 -101,334,000 -190,298,000                              
          other losses
        		   118,000    156,000  1,122,000                        
          principal repayments of loans and receipts of deferred fees
        		   50,000 0 150,000 79,500,000 1,100,000 81,756,000 150,000    1,080,000    0                
          non-cash transaction costs
        		            0 0                    
          net cash paid in connection with mgm growth properties acquisition
        		                                 
          proceeds from 2022 revolving credit facility
        		                                 
          paydown of 2022 revolving credit facility
        		                                 
          proceeds from march 2024 notes offering
        		     0 0 1,028,533,000                          
          deferred transaction costs payable
        		      803,000 2,896,000 -2,107,000 1,741,000 1,055,000 1,622,000 1,047,000 -2,966,000   -8,549,000 5,610,000 3,221,000 3,595,000 -34,000 -1,775,000 780,000 1,525,000 -4,668,000 1,528,000        
          loss on extinguishment of debt
        		                0    0 0 0 39,059,000     0 0 0 23,040,000  
          net cash paid in connection with mgp transactions
        		            0 -100,000                    
          principal repayments of lease financing receivables
        		                -1,108,000 560,000 809,000 282,000 465,000 628,000 524,000 344,000          
          proceeds from april 2022 notes offering
        		            0 0                    
          repayment of term loan b facility
        		                0                 
          issuance of stock based compensation subject to repurchase for tax withholding
        		                                 
          foreign currency remeasurement gain
        		           -1,963,000                      
          gain upon lease modification
        		                    0             
          investments in loans
        		            -106,567,000 -39,805,000 -31,802,000 -15,559,000 -14,453,000    -70,000 -485,063,000 0 -50,343,000          
          principal repayments of loan and receipts of deferred fees
        		                                 
          proceeds from february 2020 senior unsecured notes
        		                    0 0 0 2,500,000,000          
          redemption of second lien notes
        		                     0 0 -537,538,000          
          cplv cmbs debt prepayment penalty reimbursement
        		                    0             
          transfer of investments in leases - operating to investments in leases - sales-type and direct financing due to modification of the caesars lease agreements in connection with the caesars transaction
        		                                 
          transfer of investments in leases - operating to land due to modification of the caesars lease agreements in connection with the caesars transaction
        		                                 
          equity issuance costs payable
        		                                 
          lease liabilities arising from obtaining right-of-use assets
        		             0       0             
          dividends declared, not paid
        		                -1,000 49,197,000 6,000 177,217,000 793,000 18,334,000 19,354,000 139,413,000 0 4,610,000 14,385,000 118,154,000 10,147,000 9,249,000    
          distributions to non-controlling interest
        		               -2,103,000 -2,092,000 -2,072,000 -2,072,000 -2,071,000 -2,742,000 -1,361,000 -2,041,000 -2,042,000          
          investments in leases - sales-type and direct financing
        		                    0             
          proceeds from november 2019 senior unsecured notes
        		                                 
          repayment of cplv cmbs debt
        		                                 
          transfer of investments in leases - operating to investments in leases - sales-type and direct financing due to modification of the caesars lease agreements in connection with the eldorado transaction
        		                    -63,479,000             
          transfer of investments in leases - operating to land due to modification of the caesars lease agreements in connection with the eldorado transaction
        		                    0             
          cplv cmbs debt prepayment penalty reimbursement receivable from caesars
        		                                 
          accrued interest
        		                 -835,000 -1,162,000 653,000 -684,000 -1,722,000 -2,334,000 31,009,000 -3,792,000 9,980,000 -10,737,000 10,518,000 -9,488,000 9,418,000 -11,133,000 3,792,000  
          deferred revenue
        		                 109,000 -141,000 -93,166,000 93,350,000 -49,000 -118,000 -69,864,000 70,090,000 245,000 -350,000 -43,250,000 42,904,000 -71,260,000 11,032,000 -7,188,000  
          transfer of investments in leases - operating to investments in leases - sales-type due to modification of the caesars lease agreements in connection with the eldorado transaction
        		                                 
          increase in investments in leases - sales-type due to gain upon lease modification in connection with the eldorado transaction
        		                                 
          principal repayments of loans
        		                   20,000,000              
          loss on impairment
        		                            0     
          lease modification fee
        		                                 
          payment of second lien notes
        		                            0 0 0 -290,058,000  
          payment of cplv cmbs debt
        		                                 
          payment of term loan b facility
        		                            0 0 0 -100,000,000  
          payment of revolving credit facility
        		                            0 0 0 -300,000,000  
          transfer of investments in leases - operating to land
        		                                 
          transfer of investments in leases - sales-type and direct financing to investments in leases - operating
        		                                 
          cplv cmbs debt prepayment penalty reimbursement receivable from eldorado
        		                                 
          increase in investments in leases - sales-type and direct financing due to gain upon lease modification in connection with the eldorado transaction
        		                                 
          investments in leases - direct financing and sales-type
        		                                 
          proceeds from sale of land
        		                        0 0 0 1,044,000 0     
          direct financing and sales-type lease adjustments
        		                        2,534,000 2,494,000 -2,277,000 -2,512,000      
          investments in direct financing and sales-type leases
        		                        -281,826,000 -559,815,000 -706,236,000 -264,527,000      
          proceeds from private placement of common stock
        		                                 
          proceeds from issuance of term loan b facility
        		                                 
          proceeds from issuance of revolving credit facility
        		                                 
          payment of prior term loan
        		                                 
          payment of prior first lien notes
        		                                 
          repurchase of mezzanine debt
        		                                 
          proceeds from unrecognized sale of real estate
        		                                 
          mandatory debt conversion costs
        		                                 
          transfer of investments in operating leases to land
        		                            0     
          transfer of investments in direct financing leases to investments in operating leases
        		                                 
          right-of-use asset and lease liability
        		                                 
          right-of-use asset and lease liability recorded upon adoption of asc 842
        		                          0 11,133,000      
          direct financing lease adjustments
        		                            -6,285,000 -13,009,000 -13,196,000 -12,914,000  
          investments in direct financing leases
        		                            -263,712,000     
          acquisition of property and equipment, net of change in related payables
        		                            -155,000 -187,000 -212,000 -345,000  
          proceeds from initial public offering of common stock
        		                            0 0 0 1,307,119,000  
          proceeds from follow-on offering of common stock
        		                                 
          changes in accruals for additions to deferred transaction costs
        		                                 
          deferred transaction costs
        		                                 
          share-based compensation
        		                              468,000 391,000  
          investments in short-term commercial paper
        		                                 
          accounts payable and accrued expenses
        		                               -1,341,000  
          net increase in cash and cash equivalents
        		                               734,617,000 142,471,000 
          investment in direct financing leases
        		                                 
          acquisition of investment in direct financing leases
        		                                 
          proceeds from issuance of term b loan facility
        		                                 
          payment of mezzanine debt
        		                                 
          provisions for bad debt
        		                                 
          change in current assets and liabilities:
        		                                 
          receivables
        		                                 
          inventories
        		                                 
          prepayments
        		                                 
          accounts payable
        		                                 
          accrued expenses
        		                                 
          acquisitions of property and equipment, net of change in related payables
        		                                 
          repayments for capital leases
        		                                 
          transactions with parent
        		                                 
          cash and cash equivalents, beginning of period
        		                                 
          cash and cash equivalents, end of period
        		                                 
          net gain on asset sales
        		                                 
          provisions for (recoveries of) bad debt
        		                                 
          other current assets
        		                                 
          proceeds from sale of assets
        		                                 
          cash flows used in investing activities
        		                                 
          cash flows used in financing activities