Thursday, October 30, 2025 6:19 PM
In the third quarter of 2025, Vici Properties’s revenue edged up 4.4 percent and profits rose four percent. The real estate investment trust (REIT) reported results late on October 30.
Revenue for the quarter was an even $1 billion, while profits were $762 million or 71 cents per Vici share. Accordingly, the REIT declared a dividend of 45 cents per share. Vici finished the quarter with $507.5 million cash on hand and $17.1 billion in total debt.
Following the end of the quarter, Vici entered into an agreement with Canadian firm Clairvest for the latter to assume the lease of Northfield Park in Ohio. The Buckeye State racino’s management contract had been sold to Clairvest by MGM Resorts International.
The amended lease will begin at a base rent of $53 million per year or $54 million should the transaction not close before May 1, 2026. The lease will re-set to an initial 25-year term, with three 10-year options appended, for a potential sunset in 2081.