VICI Properties Quarterly Report: June 2025 Financials and Operations

This document is a quarterly report (Form 10-Q) filed with the United States Securities and Exchange Commission (SEC) by VICI Properties Inc. and VICI Properties L.P. for the period ending June 30, 2025. It provides detailed financial statements, including balance sheets, income statements, and cash flow statements, for both entities, which operate as a consolidated real estate investment business primarily owning gaming, hospitality, and entertainment properties. The report also includes explanatory notes on accounting policies, real estate transactions, debt obligations, derivative instruments, and market risk, alongside certifications from the principal executive and financial officers regarding the accuracy of the disclosures. Additionally, it contains an amendment to a regional lease agreement involving Landlord and Tenant entities, specifically addressing the removal of certain property (Harmon/Koval Property) from the lease and adjustments to rent calculations.

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