VICIVici Properties
We are a Maryland corporation that is primarily engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. 10-K, Item 1
- Headquarters
- New York, NY
- CEO
- Edward Baltazar Pitoniak
- Next results
- around Feb 24, 2027
What changed
10-K filed Feb 25, 2026 against Feb 20, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 11 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Cash from operations lower than net income | Cash from operations $2.5B vs net income $2.8B (FY ending 2025-12-31) | 10-K · XBRL |
| Accounting checks | 8 other checks clear, 1 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 2 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Feb 25, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-20. Quoted as filed.
Financial difficulties experienced by any of our tenants, borrowers or guarantors, including their potential bankruptcy or insolvency, could result in defaults under, or requests to modify or terminate, their lease agreements, related guarantees or loan agreements, or otherwise have a material adverse effect on our business.
10-K, Item 1A
Accounting checks
latest 10-K8 of 9 clear 1 worth a look. Checks, not verdicts.
- !Cash from operations lower than net incomeCash from operations $2.5B vs net income $2.8B (FY ending 2025-12-31)
- ✓Same auditor in both 10-Ks: Deloitte & Touche LLP
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓The same matters as last year: Allowance for Credit Losses; F - 2
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Oct 28, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
- Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Work on VICI in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/VICI/export.csv") into a cell.